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For Sale:  Fridley MLS# 7163675

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Active NEW!
$349,900
/mo Edit
Multi-family:  Duplex Side by Side
5 br • 2 ba • Built 1961
1,987 sqft • 0.244 acres
Fridley schools
MLS# 7163675
763-576-8286
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    Property Description

    Excellent investment opportunity! This duplex features two separate units, offering a total of 5 bedrooms and 2 bathrooms. One unit includes 3 bedrooms and 1 bathroom and is currently leased through August 2027, providing established rental income. The second unit offers 2 bedrooms and 1 bathroom, with a new lease beginning in November. With both units generating rental income, this property is an excellent opportunity for investors looking to expand their portfolio with a multi-unit property and dependable cash flow. Whether you're an experienced investor or just getting started, this duplex offers the potential to build long-term wealth through real estate ownership.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $349,900
    Price per sq ft: $176
    Property Type: Multi-family
    City: Fridley
    Garage Spaces: 0
    County: Anoka
    Year Built: 1961
    State: MN
    Property Style: Duplex Side by Side
    Zip Code: 55421
    Subdivision Name: Hamiltons Add To Mechanics

    Interior

    Bedrooms: 5
    Bathrooms: 2
    Finished Area: 1,987 ft2
    Living Area: 1,987 ft2
    Refrigerators: One Per Unit
    Basement Details:
    • Daylight/Lookout Windows
    • Finished

    Exterior

    Stories: Two
    Garage Spaces: 0
    Garage Dimensions: 0
    Foundation Size: 966 ft2
    Fencing: Wood
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System: Hot Water
    Parking Features:
    • Asphalt
    • Shared Driveway
    Shared Amenities: Laundry
    Road Frontage:
    • City Street
    • Paved Streets
    Exterior Material: Block
    Pool: None
    Roof Details: Asphalt

    Rooms

    Laundry:
    • Common Area
    • Gas Dryer Hookup
    • In Basement
    • Laundry Room
    • Lower Level
    • Washer Hookup

    Lake & Waterfront

    Waterfront Present: N

    Lot & Land

    Acres: 0.244
    Geolocation: 45.065612, -93.258662
    Lot Dimensions: 77 x 136 x 76 x 136
    Zoning: Residential-Multi-Family
    Lot Description: Tree Coverage - Light

    Schools

    School District: 14
    District Phone: 7635025001

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: None
    Annual Fuel Expense: None
    Annual Insurance Expense: None
    Annual Maintenance Expense: None
    Annual Trash Expense: None
    Annual Water/Sewer Expense: None
    Tenant Expenses: Electricity, Gas

    Financial & Taxes

    Tax Year: 2026
    Annual Taxes: $5,901
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $5,950

    Income

    Annual Gross Income: $19,200

    Units

    Total Units: 2

    Miscellaneous

    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected

    Mortgage Calculator

    Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter the price of the home, your down payment and loan term. Property taxes are based on the last known value for this property or 0.012 of property price when data is unavailable. Your interest rate and insurance rates will vary based on credit score, loan type, etc.
    Payment:  /mo

    Local Home Mortgage Professionals

    Eric Bloomstrand
    Branch Sales Manager
    Fairway Home Mortgage    NMLS#274211
    612-961-2600
    Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
    Connect with Eric today to get started with your home purchase!

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    Listing provided by RMLS, courtesy of Fox Realty.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.