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    Richfield, MN
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    Richfield, MN Apartment Buildings for Sale

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    23-Unit Apartment Building
    Updated: Aug 8
    23-Unit Apartment Building

    7444 Cedar Ave S, Richfield, MN 55423

    $2,650,000
    21,840 sqft 0.88 AC lot
    23 units totaling 21,840 square feet on 0.88 acres
    Unit mix includes 18 two‑bedroom and 5 one‑bedroom residences
    10 detached garage stalls plus additional off‑street parking
    New electrical panels with circuit breakers completed in 2025
    Commercial high‑efficiency water heater installed in 2023
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    51-Unit Apartment Community
    Updated: Sep 17
    51-Unit Apartment Community

    900-920 Rae Drive, Richfield, MN 55423

    Contact for pricing
    1.82 AC lot
    51 apartments across three buildings constructed in 1962 and 1963
    Unit mix: seven studios, 32 one‑bedroom units, and 12 two‑bedroom units
    Residences average approximately 663 square feet
    1.82‑acre site with approximately 76 surface parking spaces
    New carpeting, updated appliances, fresh interior paint, and new roofs on two buildings
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    See hot listings in Richfield

    Scored against comparables nationwide. These are worth a look.

    Scored against comparables nationwide. These are worth a look.

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    Based on your search, we've compiled 7 Potential Opportunities for your consideration. Besides 2 Active listings in Richfield, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    22-Unit Apartment Building
    22-Unit Apartment Building

    8050 QUEEN AVE S, Bloomington, MN 55431

    Contact for pricing
    10,559 sqft 1.50 AC lot

    R-4-zoned multifamily property with renovated units, underground parking, and a 1.5-acre setting.

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    Richfield Multifamily Investment Opportunity
    Richfield Multifamily Investment Opportunity

    7427 Penn Ave S, Minneapolis, MN 55423

    Contact for pricing
    10,649 sqft

    21-unit apartment building in desirable Richfield submarket.

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    51-Unit Apartment Community
    51-Unit Apartment Community

    900 Rae Dr, Minneapolis, MN 55423

    Contact for pricing
    1.82 AC lot

    Three neighboring buildings provide studio, one-bedroom, and two-bedroom residences in a low-rise multifamily setting.

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    11-Unit Apartment Building Near Park
    11-Unit Apartment Building Near Park

    3521 12th Avenue South, Minneapolis, MN 55407

    $1,175,000

    Multifamily property near Powderhorn Park, shopping centers, hospitals, universities, and transit connections in south Minneapolis.

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    Off-Market Properties in Richfield, MN

    Consider similar Off-Market properties in Richfield, MN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    6413 Pleasant Ave
    Residential income properties

    6413 Pleasant Ave, Richfield, MN 55423

    Estimated value: by Request
    11,400 sqft 0.28 AC lot
    View details

    Richfield, MN Apartment Buildings Market Trends and Statistics

    Explore 3 apartment buildings for sale in Richfield, MN on our real estate platform. These investment opportunities span a total of 21,840 square feet of properties for sale, with an estimated market value of $2,650,000.

    Sale prices for apartment complexes in Richfield, MN average $2,650,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 37K
    Population Growth (5Y) +1.6%
    Median Household Income $84,102
    College Educated 57.3%

    High-Yield Neighborhoods for Investment

    Identify Richfield submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    Minneapolis - 55423 $2.7M

    Listings Trend

    New vs delisted commercial listings in Hennepin County

    New Delisted

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