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Updated 5-Unit Apartment Building

1200 Norton Avenue NE, Fridley, MN 55432

For Sale
$675,000

Commercial Sale, Fridley, MN

Property SizeContact for details
Lot Size0.52 Acres
Days on Market140

Property Features for 1200 Norton Avenue NE

General Information

Property type Commercial Sale
Property subtype Apartment
Zoning description Residential-Multi-Family
Bedrooms 10
Bathrooms 5
Full bathrooms 5
Rooms Bedroom 9, Bathroom 3, Bathroom 5, Bedroom 3, Bathroom 2, Bedroom 5, Bathroom 1, Bedroom 7, Bedroom 8, Bedroom 6, Bedroom 10, Bedroom 1, Bathroom 4, Bedroom 4, Basement, Bedroom 2
Parking features Garage, Garage - Detached, Garage - Attached, Assigned, Driveway
Appliances Dishwasher, Range, Refrigerator
Subdivision Auditors Sub 89
High school district Spring Lake Park
Directions Old Hwy 65 to Norton Ave Go West Property On South Side or Road
Standard status Active
APN 123024310026
Lot size 0.52 Acres

Additional Details

Tenant in Place Yes

Taxes and HOA fees

Tax Year 2026
Tax Annual Amount 9960

Utilities

Heating system Forced Air

Amenities

garage parking
designated off-street parking

Building Details

Year built 1918
Building materials Frame
Listing Agency: Exit Realty Nexus
Listed By: Frank M D'angelo
Added: Jun 24 Changed: Oct 31 Last Checked: Nov 10 at 7:06AM
MLS# 7098679

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.

Rey
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Investment Insights

Based on property information with market context.

This 5-unit apartment property in Fridley includes five two-bedroom, one-bath residences with updated kitchens and bathrooms. The building was constructed in 1918 on 0.52 acres and features frame construction with forced-air heating. Appliances include ranges, refrigerators, and dishwashers. Existing leases are in place, with some leases structured on a month-to-month basis.

Parking includes six garage stalls, assigned spaces, detached and attached garage components, and driveway parking. The property is located at 1200 Norton Avenue NE, with access to major roadways, employment centers, shopping, dining, parks, and everyday services in the surrounding north metro area.

Key Highlights

  • Five 2‑bedroom, 1‑bath apartment units
  • Updated kitchens and bathrooms throughout the residences
  • Six garage stalls plus assigned and off‑street parking

Property Analytics

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Lease Details

5
Residential units
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

217
Businesses Nearby

Demographics for 55432, MN

33,022
Population
13,575
Households
2.4
Avg Household Size
37
Median Age
30%
College-Educated
92%
High-School Grad
9.9 sq mi
ZIP Area
3,336
Density / Sq Mi
$77,985
Median Household Income
$48,417
Median Earnings
$1,308
Median Rent
$278,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Five two-bedroom residences offer refreshed interiors, garage parking, and assigned outdoor spaces in an established Fridley setting.
Where is this apartment building located?
The property is located at 1200 Norton Avenue NE Fridley, MN.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Five 2‑bedroom, 1‑bath apartment units; Updated kitchens and bathrooms throughout the residences; Six garage stalls plus assigned and off‑street parking
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