Triplex with Detached
5347 4th Street NE, Fridley, MN 55421
For Sale
$469,900
Residential Income, Fridley, MN
Property Size2,670 SF
Lot Size0.20 Acres
Price / SF$175.99
Days on Market211
Property Features for 5347 4th Street NE
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Fencing
Subdivision
Lot features
High school district
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Heating system
Building Details
Year built
Building materials
Roof type
Listing Agency:
LaBelle Real Estate Group Inc
Listed By:
Amy Foss
(651) 705-0166
Added: Apr 17
Changed: Oct 27
Last Checked: Nov 13 at 11:06PM
MLS# 7054412
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This Fridley triplex contains 2,670 square feet across three residences on a 0.2-acre lot. The unit mix includes one two-bedroom, one-bath residence and two one-bedroom, one-bath residences. Each unit has a separate exterior entrance. A detached two-car garage and driveway provide on-site parking or storage. The building dates to 1960, and its shingle roof is less than 10 years old.
Leases are in place and transfer with the sale. The property is located in Fridley, Minnesota.
Leases are in place and transfer with the sale. The property is located in Fridley, Minnesota.
Key Highlights
- Three‑unit property with a 2,670‑square‑foot building on 0.2 acres
- Unit mix: one 2‑bedroom, 1‑bath residence and two 1‑bedroom, 1‑bath residences
- Private exterior entrance for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,069
Cap Rate
7.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$661,380
$661.4K
Cap Rate 7%
$472,414
$472.4K
Cap Rate 9%
$367,433
$367.4K
Market Conditions
NOI Build-Up for 2,670 SF
Gross rent
$50.6K $18.96/SF
− Vacancy
−$3.4K −$1.27/SF
EGI
$47.2K $17.69/SF
− OpEx
−$14.2K −$5.31/SF
NOI
$33.1K $12.39/SF
Area
Anoka County, MN
Vacancy
6.68%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$661,380
Cap Rate 7%
$472,414
Cap Rate 9%
$367,433
Alternative Uses
Best Use
Multifamily LT 5
$472.4K
$413.4K – $551.2K
NOI $33,069 @ 7.0% cap · market cap 7.04%
Second Best
Apartment 5plus
$435.3K
$380.9K – $507.9K
NOI $30,473 @ 7.0% cap · market cap 6.48%
Theoretical Best
Office A
$741.6K
$648.9K – $865.3K
NOI $51,915 @ 7.0% cap · market cap 11.05%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
356
Businesses Nearby
Explore this area
Business Placement
Demographics for 55421, MN
30,580
Population
13,247
Households
2.3
Avg Household Size
37
Median Age
34%
College-Educated
90%
High-School Grad
6.3 sq mi
ZIP Area
4,854
Density / Sq Mi
$75,141
Median Household Income
$44,242
Median Earnings
$1,281
Median Rent
$260,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Triplex - Each residence has its own exterior entrance, and existing leases transfer with the sale.
Where is this triplex located?
The property is located at 5347 4th Street NE Fridley, MN.
What is the asking price?
The asking price for this property is $469,900.
What are key features of this property?
This property features: Three‑unit property with a 2,670‑square‑foot building on 0.2 acres; Unit mix: one 2‑bedroom, 1‑bath residence and two 1‑bedroom, 1‑bath residences; Private exterior entrance for each unit
