7632 Pleasant Avenue,Richfield, MN 55423
Richfield, MN 55423
Description
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.
Details
| MLS # | 7043836 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1966 |
| Days On Site | 173 |
| Listing Provided By | Eos Realty, LLC | Kristopher G. Jacobsen |
Features
| Bed(s) | 7 |
|---|---|
| Bath(s) | 4 |
| SQ Feet | 4,008 |
| Basement | Y |
| Story(s) | 2 |
| Units | 4 |
| Zoning | Residential-Multi-Family |
| Acreage | 0.26 |
Interior
| Heating | Boiler |
|---|
Exterior
| Lot Features | Public Transit (w/in 6 blks) |
|---|
Parking
| Parking Features | Parking Lot |
|---|
Taxes
| Property | 9141 |
|---|
Area Information
| State | MN |
|---|---|
| County | Hennepin |
| City | Richfield |
| Zip Code | 55423 |
| Community Name | Sunset Terrace |
| School District | 280 |
| High School | Richfield |
| Listing VS Median (in Sunset Terrace) | |
Price: $575,000 low | high Med: $564,900 sqft: 4,008 low | high Med: 1,440 $ / sqft: $143 low | high Med: $392 On site: 173 low | high Med: 78 | |
Market Activity 55423
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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 | Hennepin |
| City | Richfield |
| Zip Code | 55423 |
| Community Name | Sunset Terrace |
| School District | 280 |
| High School | Richfield |
| Listing VS Median (in Sunset Terrace) | |
Price: $575,000 low | high Med: $564,900 sqft: 4,008 low | high Med: 1,440 $ / sqft: $143 low | high Med: $392 On site: 173 low | high Med: 78 | |