$500,000
 $2,684 est/mo Sourced by Back At You

5428 5th Street NE,Fridley, MN 55421

Fridley, MN 55421

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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

Details

MLS #7082990
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1961
Days On Site84
Listing Provided ByeXp Realty | Janelle Mattson

Features

Bed(s)7
Bath(s)4
SQ Feet2,873
Story(s)2
Units4
ZoningResidential-Multi-Family
Acreage0.24

Interior

HeatingBaseboard

Exterior

Lot FeaturesPublic Transit (w/in 6 blks)

Parking

Parking FeaturesParking Lot

Taxes

Property8056

Area Information

StateMN
CountyAnoka
CityFridley
Zip Code55421
Community NameHamiltons Add To Mechanics
School District14
High SchoolFridley
Listing VS Median (in Hamiltons Add To Mechanics)
Price:
$500,000
low | high
Med:
$489,900
52.02% of Average
sqft:
2,873
low | high
Med:
2,670
57.065784893839% of Average
$ / sqft:
$174
low | high
Med:
$183
44.570584269663% of Average
On site:
84
low | high
Med:
129
65.116279069767% of Average
Sourced by Back At You

Market Activity 55421

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 Listings courtesy of Northstar MLS as distributed by MLS GRID. 

Based on information submitted to the MLS GRID as of August 24, 2026 at 6:59:59 PM PDT 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.

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Learn More About This Property

StateMN
CountyAnoka
CityFridley
Zip Code55421
Community NameHamiltons Add To Mechanics
School District14
High SchoolFridley
Listing VS Median (in Hamiltons Add To Mechanics)
Price:
$500,000
low | high
Med:
$489,900
52.02% of Average
sqft:
2,873
low | high
Med:
2,670
57.065784893839% of Average
$ / sqft:
$174
low | high
Med:
$183
44.570584269663% of Average
On site:
84
low | high
Med:
129
65.116279069767% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $375K - $625K
sqft: 2,000 - 3,500
Nearby Listings Property ImageNearby Listings Details
5347 4th Street NE Property Photo 1
$489,900
5347 4th Street Ne
Fridley, MN 55421
Listing Updated: August 22, 2026 at 1:36:58 PM PDT
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