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    5035 3Rd St NE Minneapolis, MN 55421

    New
    For Sale
    $845,000

    Commercial - Fridley, MN

    Lot size:
    0.30 Acres
    Days on Market:
    5
    Last Refresh:
    Dec 5 at 1:06 am

    Property Features for 5035 3Rd St NE

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Residential-Multi-Family
    APN
    263024230079
    Parking features
    Parking Lot
    Exterior features
    Brick/Stone
    Lot size
    0.30 Acres

    Utilities

    Heating system
    Other (Heating)
    Cooling system
    Ductless

    Building Details

    Year built
    1959
    Architectural style
    Other

    National Realty Guild (651) 330-8001 [email protected]

    Listing agent Victoria Yepez (651) 330-8001

    Listing date Dec 1, 2025

    MLS# 6823017 Listing URL

    Copyright © 2025 Regional Multiple Listing Service of Minnesota [NorthStarMLS]. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Fridley Multifamily Investment Opportunity

    This well-maintained 7-unit apartment building is located in Fridley, Minnesota. The property is zoned for residential multi-family use. Situated on a 0.298-acre lot in Anoka County, the building features one-bedroom units with strong rental demand and consistent occupancy. Recent upgrades include new mini-splits and newer windows. On-site amenities include an office and individual storage units for tenants.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Minneapolis
    County
    Anoka
    State
    Minnesota
    Longitude
    -93.263739
    Latitude
    45.059779

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    FAQs

    What type of property is this?
    Apartment building - Well-maintained 7-unit apartment building in high-demand Fridley location.
    Where is this apartment building located?
    The property is located at 5035 3Rd St NE Minneapolis, MN.
    What is the asking price?
    The asking price for this property is $845,000.
    What are key features of this property?
    This property features: - High-demand Fridley location.; - Seven 1-bedroom units with strong rental demand and consistent occupancy.; - Recent upgrades including new mini-splits and newer windows.
    (651) 330-8001
    Request Owner's contact information
    5035 3Rd St NE Minneapolis, MN 55421
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    Minneapolis, MN 55421
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5035 3Rd St NE Minneapolis, MN 55421
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