7632 Pleasant Ave

Richfield, MN 55423
  • $575,000

    Price
  • 7

    Bed
  • 4

    Bath
  • 4,008

    SqFt
  • 0.26

    Acre

About the Listing 10353 - 506006175,502049509

Rarely available fourplex in a highly convenient Richfield location offering strong rental demand and long-term tenants. This well-maintained property features three 2-bedroom units and one 1-bedroom unit, making it an ideal addition to an investor’s portfolio, owner occupant or a great opportunity for a first-time multifamily buyer looking to build passive income. Recent capital improvements provide peace of mind, including a new boiler (2025), newer windows and a complete remodel of Unit 2 in 2024 featuring new carpet, fresh paint, new blinds, new living room windows, updated kitchen cabinets, countertops, appliances, and remodeled bathroom with tile tub/shower. The property benefits from month-to-month leases with long-term tenants and historically low turnover, helping provide consistent income and flexibility for future rent adjustments. Located in Southwest Richfield, the property offers excellent accessibility to major highways, shopping, restaurants, and parks, and is just minutes from the Mall of America and MSP Airport, making it an attractive location for renters. The neighborhood also offers strong amenities and transportation access, further supporting long-term rental demand.

Listing Highlights

Status Pending
Days on Site 166
Property Type Multi-Family
MLS ® 7043836
Year Built 1966
Total Square Footage 4,008
Lot/Acreage 0.26
County Hennepin
Neighborhood Sunset Terrace
School District Richfield

Interior Details

  • Bedrooms: 7
  • Bathrooms: 4 Full
  • Appliances:
  • Air Cond:
  • Heating: Boiler,Natural Gas
  • Fireplaces:
  • Floor:
  • Above Ground Sq Ft: 2079
  • Below Ground Sq Ft: 1929
  • Basement: Block
  • Other:
  • Water: City Water/Connected

Exterior Details

  • Lot Description: Public Transit (w/in 6 blks)
  • Garage Capacity: N/A
  • Lot Dimensions: 75 x 122
  • Zoning: Residential-Multi-Family
  • Roof:
  • Others:
  • Sewer: City Sewer/Connected
  • Parking Features: Parking Lot

Financial Details

  • Tax Amount: $9,141
  • Taxes w/Assessments: N/A
  • Tax/Property ID: 3402824330026
  • Tax Year: 2026

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Questions About..

7632 Pleasant Ave Richfield, MN 55423

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Originating MLS: northstar

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Brad Bemowski

Realtor and Licensed Real Estate Broker | Brad Bemowski | Homcentric Real Estate, powered by Property Executives Realty

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