5428 5th Street NE, Fridley, MN 55421
MULTI_FAMILY - Fridley, MN
- Added:
- Jun 1, 2026
- Days on Market:
- 30
- Last Refresh:
- Jun 30 at 3:06 pm
Property Features for 5428 5th Street NE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 7
- Bathrooms
- 4
- Rooms
- Bedroom 4, Bathroom 3, Bathroom 2, Bathroom 1, Bathroom 4, Basement, Bedroom 1, Bedroom 7, Bedroom 5, Bedroom 2, Bedroom 6, Bedroom 3
- Parking features
- Parking Lot
- Exterior features
- Brick/Stone, Stucco
- Standard status
- Active
- APN
- 233024340014
- Size
- 2,873 SF
- Lot size
- 0.24 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 8057
Utilities
- Heating system
- Baseboard
Building Details
- Year built
- 1961
Listing agent Janelle Mattson (612) 751-9303
Listing office eXp Realty 4525 White Bear Parkway Suite 122, White Bear Lake, MN (320) 500-4397
Listing date Jun 1, 2026
Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- $50K price reduction on a 4‑unit investment property in Fridley
- Four units include two 2‑bedroom units on the upper level and two units on the lower level (one 2‑bedroom and one 1‑bedroom)
- Shared laundry and utility area with GE washer/dryer, plus a utility sink
- Dedicated parking lot access and off‑street parking for residents
- Exterior materials include brick/stone and stucco; baseboard heating
- Units feature stainless steel appliances and interior access to the shared laundry/utility area
Overview
The lower-level 1-bedroom unit features a bright living room with front yard views and an open layout connecting the living, dining, and kitchen areas. The kitchen includes stainless steel appliances, and the bathroom offers a tile surround. The bedroom includes dual closets and side yard views. The lower-level 2-bedroom unit offers an open concept living and dining arrangement with a kitchen that includes stainless steel appliances and a tile backsplash.
Both upper-level 2-bedroom units share a mirrored layout with an open-concept flow between kitchen, dining, and living areas, along with generous kitchen cabinet storage. Each unit includes bedrooms positioned near its full bathroom, and all four units have direct interior access to the shared laundry and utility area, supporting efficient day-to-day living for tenants.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $54.5k | $18.96 |
| − Vacancy | −$3.6k | −$1.27 |
| EGI | $50.8k | $17.69 |
| − OpEx | −$15.3k | −$5.31 |
| NOI | $35.6k | $12.39 |
Alternative Uses
Current Use by Public Records
Map
- City
- Fridley
- County
- Anoka
- State
- Minnesota
- Longitude
- -93.260731
- Latitude
- 45.067095
