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5347 4th Street NE

Fridley, MN 55421

– beds
– baths
2,670 sqft
$168 per sqft
1960 build
– on site

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**THIS EXCEPTIONAL INVESTMENT OPPORTUNITY IS BACK ON THE MARKET!** Due to the Buyers financing falling through at the last minute. ALL NEW ELECTRICAL PANELS INSTALLED IN EACH UNIT AND THE GARAGE! COME CHECK OUT THIS VERY AFFORDABLE OPPORTUNITY. This Triplex is a fantastic opportunity for investors seeking reliable, long-term rental income. Featuring three separate units, each with its own private entry, this property offers steady cash flow and excellent ROI potential. The area has shown consistent historical appreciation, and market trends suggest that demand for rental properties will continue to grow, driven by factors like [local job growth, new infrastructure, or increased demand for housing!] Units #1 & #3 have in-unit laundry, enhancing tenant convenience. Unit #2 offers 2 bedrooms, 1 bath, & an in-unit laundry. Each unit has its own separate exterior entrance, ensuring privacy and ease for tenants. The roof is less than 8 years old! The building is structurally sound, with some recent upgrades done in the last three months. Seller has made many improvements including New boilers, Fresh paint throughout, New carpet/flooring and so much more! 2-car detached garage included. Convenient location with easy access to highways, really close to the local park, shopping and many restaurants. Whether you're an experienced investor or a first-time buyer, this Triplex offers a turn-key opportunity to add a valuable asset to your portfolio. Quick closing desired. See supplements for full list of improvements. Make this be your final investment of the year!

Listing courtesy of NORTHSTAR / Launa Erickson / Realty ONE Group Choice

Last checked: Checking… • Last updated Feb 4, 2025 •

MLS# 6571664 —

The Building

Year Built:

1960
New Construction:

false
Age Of Property:

65
Construction Materials:

Stucco
Construction Materials Desc:

Block,Frame
Roof:

Age 8 Years or Less, Asphalt
Accessibility Features:

None
Levels:

One
Main Level Finished Area:

1550.0000
Basement:

Block, Finished, Partially Finished, Storage Space, Walkout
Basement:

true
Foundation Area:

1550
Foundation Dimensions:

33 x 50
Building Area Total:

3100
Above Grade Finished Area:

1550
Below Grade Finished Area:

1120

Room Dimensions

Living Area:

2670

Location

Directions:

HWY 10 TO UNIVERSITY AVE NE, GO SOUTH ON UNIVERSITY AVE, THEN EAST ON 53RD AVE NE, NORTH ON 4TH ST NE, TRI-PLEX IS ON THE RIGHT HAND SIDE
Latitude:

45.065691
Longitude:

-93.261255

The Property

Parcel Number:

233024340055
Zoning Description:

Residential-Multi-Family
Property Type:

Residential Income
Property Subtype:

Triplex
Additional Parcels:

false
Lot Size Area:

0.2
Lot Size Dimensions:

130 X 67
Lot Size Units:

Acres
Topography:

Walkout
Road Frontage Type:

Paved Streets
Road Responsibility:

Public Maintained Road
Fencing:

Chain Link
Water Source:

City Water/Connected
Land Lease:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2023
Tax Annual Amount:

4707
Tax With Assessments:

4707.0000

Heating & Cooling

Heating:

Baseboard, Boiler, Zoned

Utilities

Electric:

Fuses
Sewer:

City Sewer/Connected

Appliances

Refrigerator:

Three

Schools

High School District:

Fridley

The Community

Subdivision Name:

Hamiltons Add To Mechanics
Assessment Pending:

No

Parking

Parking Features:

Asphalt, Shared Driveway
Garage Spaces:

2
Garage Dimensions:

24 X24
Garage SqFt:

576

Extra Units

# of Units Total:

3

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Max Internet Speed

Xfinity

Provided by BroadbandNow®

Sale history

Date	Event	Source	Price	% Change
1/31/25 Jan 31, 2025	Sold	NORTHSTAR	$450,000	-2.2%
1/6/25 Jan 6, 2025	Pending	NORTHSTAR	$459,900
12/20/24 Dec 20, 2024	Listed / Active	NORTHSTAR	$459,900

Multifamily Sold on 1/31/2025

$450,000

Listing provided by broker:

Launa Erickson

Realty ONE Group Choice

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Listing Courtesy of: NORTHSTAR and Realty ONE Group Choice.

Estately, Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Thomas Rehman, a licensed Real Estate Broker in the state of Minnesota, and a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. Information deemed reliable but not guaranteed.

©2025 Regional Multiple Listing Service of Minnesota, Inc. All Rights Reserved. Information deemed reliable but not guaranteed. Property data presented reflects information otherwise available from public records. The REALTOR® providing this information may not have represented the buyer or seller in some or all of the transactions.

The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. RMLS and Estately, Inc. assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law.

Open house information subject to change without notice.

Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

5347 4th Street NE

Fridley, MN 55421