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$500,000

3 Beds 2 Baths 2,873 SQFT 0.24 Acres
Type: Contingent

5428 5th Street NE
Minneapolis, MN 55421

MLS#: 7082990
Ted Bergstrom
Ted Bergstrom
The Real Estate Advantage
Agent
Phone: 612.723.5444
Office: 952.224.8800
Presented by: eXp Realty

Property Description

 

$100K price reduction! Welcome to this well-positioned 4-unit investment opportunity in Fridley, a community celebrated for its natural beauty and everyday convenience. Nearby Springbrook Nature Center offers 127 acres of wooded boardwalks, wildlife viewing, and environmental education, while commuters will appreciate quick access to the Twin Cities. Residents also enjoy walkability to Jubilee Park and Oak Hill Park, along with nearby shopping, dining, and entertainment just minutes away. The property features four total units, including two 2-bedroom units on the upper level with a mirrored layout, plus one 2-bedroom and one 1-bedroom unit on the lower level. All units share a welcoming front vestibule with a dedicated mail area, along with convenient access to shared laundry and utility space equipped with a GE washer and dryer and utility sink. From this area, residents also have direct access to the back dedicated parking lot and off-street parking. Unit 1 is a lower-level 1-bedroom, 1-bathroom residence offering a bright living room with front yard views and abundant natural light. The open layout flows into the dining area and kitchen, which is equipped with stainless steel appliances. The full bathroom features a tile surround, while the bedroom provides side yard views and dual closets for generous storage. Unit 2 is a spacious lower-level 2-bedroom, 1-bathroom unit filled with natural light from multiple windows throughout, creating a warm and inviting atmosphere. The kitchen features stainless steel appliances and a tile backsplash, opening seamlessly to the dining and living areas for comfortable everyday living and easy entertaining. Both bedrooms are nicely sized with LVP, and the bathroom is conveniently located between them. Units 3 and 4 occupy the upper level and share a mirrored 2-bedroom, 1-bathroom layout. Each unit offers an open-concept design with kitchens that flow into the dining and living areas, creating a functional and comfortable living space. Generous cabinet storage enhances each kitchen, while both bedrooms are well-sized and located near the full bathrooms. All units include direct interior access to the shared laundry and utility area. With four thoughtfully designed units, strong access to parks and natural amenities, and convenient connectivity to the Twin Cities, this Fridley property offers an appealing blend of lifestyle and long-term investment potential. From wooded trails to urban convenience, it delivers the balance today’s renters are actively seeking. Note: annual gross revenue is an estimate based on previous history


 

Interior Features

Bedrooms

Total Bedrooms7

Bathrooms

Total Baths4

Other Interior Features

Above Grade Finished Area1,450 sqft
BasementNone
Basement (Y/N)No
Below Grade Finished Area1,423 sqft
FuelNatural Gas
Garage Square Feet0
Laundry FeaturesCommon Area, Lower Level, Sink

General

AccessibilityNone
Additional Parcels Y/NNo
Association AmenitiesLaundry
Carport Spaces0
CityFridley
ContingencySubject to Financing
CountyAnoka
DirectionsUniversity Ave NE to 53rd Ave NE to 5th St NE
Electric Expense0
Fuel Expense0
Garage Spaces0
Gross Income63600
HeatingBaseboard
High School DistrictFridley
Insurance Expense0
Land Lease Y/NNo
Lender OwnedNo
LevelsSplit Entry (Bi-Level)
Living Area2,873 sqft
Lot Size UnitsAcres
MaintenanceExpense0
New ConstructionNo
Number Of Units Total4
Operating Expense0
PostalCityMinneapolis
Property SubtypeFourplex
Property TypeResidential Income
SewerCity Sewer/Connected
Standard StatusActive
Subdivision NameHamiltons Add To Mechanics
Tax Annual Amount$8,057
Tax Year2026
Trash Expense0
Virtual TourClick here
Water Sewer Expense0
Year Built1961
Zoning DescriptionResidential-Multi-Family

Exterior

Building Area Total2,873 sqft
FencingNone
Foundation Area1,530 sqft
Lot DimensionsIrregular
Lot FeaturesPublic Transit (w/in 6 blks)
Lot Size Area0 sqft
Parking FeaturesParking Lot
Road Frontage TypeCity Street
Road ResponsibilityPublic Maintained Road
Water SourceCity Water/Connected
Waterfront Y/NNo

Additional Details

Price History

Schools 

Elementary School N/A
Middle School N/A
High School N/A

  

Similar Properties

$500,000

3 Beds 2 Baths 2,873 SQFT 0.24 Acres
Type: Contingent

5428 5th Street NE
Minneapolis, MN 55421

MLS#: 7082990
Ted Bergstrom
Ted Bergstrom
The Real Estate Advantage
Agent
Phone: 612.723.5444
Office: 952.224.8800