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    321 W 74Th St Richfield, MN 55423

    For Sale
    $400,000

    Duplex in Richfield with month-to-month leases and cash flow.

    Property size:
    2,250 SF
    Lot size:
    0.23 Acres

    Property Features for 321 W 74Th St

    General Information

    Size
    2,250 SF
    Lot size
    0.23 Acres

    Building Details

    Year built
    1960

    Source: Keller Williams Realty Integrity Edina Agent Aileen Chan

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Richfield Duplex with Cash Flow

    Located at 321-323 74th St W in Richfield, this duplex presents an investment opportunity. The property includes two units: the main level features 2 bedrooms and 1 bathroom, while the upper unit offers 3 bedrooms and 1 bathroom. The property size is 2250 square feet. Both units are currently leased on a month-to-month basis, providing flexibility for new ownership. The current rent is below market value. The property is located close to amenities and transportation, offering a desirable location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Richfield
    County
    Hennepin
    State
    Minnesota
    Longitude
    -93.2843763
    Latitude
    44.8688181

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    FAQs

    What type of property is this?
    Duplex - Duplex in Richfield with month-to-month leases and cash flow.
    Where is this duplex located?
    The property is located at 321 W 74Th St Richfield, MN.
    What is the asking price?
    The asking price for this property is $400,000.
    What are key features of this property?
    This property features: - Excellent cash flow potential due to below-market rents.; - Desirable location close to amenities and transportation.; - Month-to-month leases offer flexibility for new owners.
    Request Owner's contact information
    321 W 74Th St Richfield, MN 55423
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    Richfield, MN 55423
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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
    321 W 74Th St Richfield, MN 55423
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