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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

    $2,850,000
    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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    This listing looks promising.

    Here's a quick look at some key insights for

    7444 Cedar Ave S, Richfield, MN 55423

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    • Est. Cap Rate

      8.8%
      Above avg (5.9%)

    • Est. NOI

      $250K
      Annual

    • Price @ 7% Cap

      $3.57M
      Above asking

    • Property Type

      Apartments (Generic)
      Built 1966
    View Property Analytics
    Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 1 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.

    Well-Maintained 10-Unit Apartment Building
    Well-Maintained 10-Unit Apartment Building

    3554 17TH AVE S, Minneapolis, MN 55407

    Contact for pricing
    8,418 sqft

    Turnkey, well-kept 10-unit building with off-street parking and in-place RUBS; utilities are billed back to tenants.

    View details
    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.

    View details
    11-Unit Multifamily Building
    11-Unit Multifamily Building

    3545 12th Ave S, Minneapolis, MN 55407

    $1,275,000

    An 11-unit multifamily property with a new parking lot, newer boiler and water heaters, plus 4D tax program eligibility.

    View details
    8-Unit Multifamily Building
    8-Unit Multifamily Building

    5733 Bossen Terrace, Minneapolis, MN 55417

    $939,900

    Brick and stucco exterior with radiant heat, wall-unit cooling, and lot parking.

    View details

    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

    Value Estimation by Request
    11,400 sqft 0.28 AC lot
    View details

    Richfield, MN Apartment Buildings Market Trends and Statistics

    Explore 2 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 $2,850,000.

    Sale prices for two-family homes in Richfield, MN average $2,850,000 — 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%

    Listings Trend

    New vs delisted commercial listings in Hennepin County

    New Delisted

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