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About the Listing 7580 - 496501863
Updated 5-Unit Multifamily Investment Property in Fridley Excellent opportunity to acquire a well-maintained and updated 5-unit residential rental property in Fridley featuring all 2-bedroom, 1-bathroom apartment homes. Each unit has been thoughtfully updated with modern kitchens and bathrooms, creating strong tenant appeal and a clean, move-in-ready rental experience. The property offers a practical unit mix with five spacious 2-bedroom apartments, six garage stalls, and multiple designated off-street parking spaces. These features provide added convenience for residents and valuable income-supporting amenities for ownership. All units have existing leases, some are month-month. Located at 1200 Norton Avenue NE in Fridley, this multifamily asset offers convenient access to major roadways, employment centers, shopping, dining, parks, and everyday services throughout the north metro. With updated interiors, garage parking, designated parking, and a desirable all-2-bedroom configuration, this property is well-positioned for an investor seeking a stabilized residential rental asset with long-term income potential. A strong addition to an investment portfolio, this 5-unit property combines updated residential living spaces, functional parking, and a location within the established Fridley rental market.
Listing Highlights
Interior Details
- Bedrooms: 10
- Bathrooms: 5 Full
- Appliances: Dishwasher, Range, Refrigerator
- Air Cond: Window Unit(s)
- Heating: Forced Air,Natural Gas
- Fireplaces:
- Floor:
- Basement: Egress Window(s),Finished,Full,Walkout
- Other: Deck,Kitchen Window,Natural Woodwork
- Water: City Water - In Street
Exterior Details
- Lot Description: Wood
- Garage Capacity: 6 car
- Lot Dimensions: 124x27x144x134x170
- Zoning: Residential-Multi-Family
- Roof:
- Others:
- Sewer: City Sewer/Connected,City Sewer - In Street
- Parking Features: Assigned,Attached Garage,Detached Garage,Asphalt,Tuckunder Garage
Financial Details
- Tax Amount: $9,960
- Taxes w/Assessments: N/A
- Tax/Property ID: 123024310026
- Tax Year: 2026
Payment Calculator
Monthly Payment
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Questions About..
1200 Norton Ave NE Fridley, MN 55432
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