1200 Norton Avenue NE,Fridley, MN 55432
Fridley, MN 55432
Description
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.
Details
| MLS # | 7098679 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1918 |
| Days On Site | 129 |
| Listing Provided By | Exit Realty Nexus | Frank M D'Angelo |
Features
| Bed(s) | 10 |
|---|---|
| Bath(s) | 5 |
| SQ Feet | 5,000 |
| Garage | 6 |
| Basement | Y |
| Story(s) | 2 |
| Units | 5 |
| Zoning | Residential-Multi-Family |
| Acreage | 0.52 |
Interior
| Cooling | Window Unit(s) |
|---|---|
| Heating | Forced Air |
| Appliances | Dishwasher, Range, Refrigerator |
Exterior
| Construction Materials | Frame |
|---|
Parking
| Parking Features | Assigned, Attached Garage, Detached Garage, Asphalt, Tuckunder Garage |
|---|
Utilities
| Utilities | Electric Separate |
|---|
Taxes
| Property | 9960 |
|---|
Area Information
| State | MN |
|---|---|
| County | Anoka |
| City | Fridley |
| Zip Code | 55432 |
| Community Name | Auditors Sub 89 |
| School District | 16 |
| High School | Spring Lake Park |
| Listing VS Median (in Auditors Sub 89) | |
Price: $675,000 low | high Med: $455,000 sqft: 5,000 low | high Med: 1,543 $ / sqft: $135 low | high Med: $295 On site: 129 low | high Med: 58 | |
Market Activity 55432
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Listings courtesy of Northstar MLS as distributed by MLS GRID.
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Learn More About This Property
| State | MN |
|---|---|
| County | Anoka |
| City | Fridley |
| Zip Code | 55432 |
| Community Name | Auditors Sub 89 |
| School District | 16 |
| High School | Spring Lake Park |
| Listing VS Median (in Auditors Sub 89) | |
Price: $675,000 low | high Med: $455,000 sqft: 5,000 low | high Med: 1,543 $ / sqft: $135 low | high Med: $295 On site: 129 low | high Med: 58 | |