5347 4th Street NE, Fridley, MN 55421
MULTI_FAMILY - Fridley, MN
- Added:
- Apr 17, 2026
- Days on Market:
- 75
- Last Refresh:
- Jun 30 at 1:06 pm
Property Features for 5347 4th Street NE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 3
- Rooms
- Bedroom 1, Bedroom 4, Bedroom 2, Bathroom 1, Bedroom 3, Basement, Bathroom 3, Bathroom 2
- Parking features
- Garage - Detached, Driveway, Garage
- Exterior features
- Stucco
- Fencing
- Chain Link
- Standard status
- Active
- APN
- 233024340055
- Size
- 2,670 SF
- Lot size
- 0.20 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 6200
Utilities
- Heating system
- Oil, Zoned, Baseboard
Building Details
- Year built
- 1960
- Building materials
- Block, Timber/Post & Beam, Frame
- Roof type
- Shingle
Listing agent Amy Foss (651) 705-0166
Listing office LaBelle Real Estate Group Inc 229 Chestnut Street, Oakdale, MN (651) 705-0166
Listing date Apr 17, 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
- Triplex built in 1960 with stucco exterior and roof with shingle material
- Zoned heating with baseboard and oil heat
- Unit mix: Unit #2 has 2 beds/1 bath with in‑unit laundry; Units #1 & #3 have 1 bed/1 bath
- Each unit includes washers and dryers (Unit #2 in‑unit; Units #1 & #3 via shared laundry space)
- Detached 2‑car garage plus driveway parking; chain link fencing
- Leases in place transfer with sale (24‑hour notice required for showings)
Overview
The property is located at 5347 4th Street NE in Fridley, Minnesota. The listing notes the area as a high-demand rental location, with proximity to highways, parks, shopping, and dining.
For investors seeking a ready-to-operate residential income asset, the presence of leases in place that transfer with the sale may help streamline onboarding for new ownership. The unit access plan with private exterior entrances and dedicated laundry accommodations can also be appealing to tenants who prefer reduced shared-traffic inside the building. The listing states that 24-hour notice is required for showings and that a quick closing may be available.
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 | $50.6k | $18.96 |
| − Vacancy | −$3.4k | −$1.27 |
| EGI | $47.2k | $17.69 |
| − OpEx | −$14.2k | −$5.31 |
| NOI | $33.1k | $12.39 |
Alternative Uses
Current Use by Public Records
Map
- City
- Fridley
- County
- Anoka
- State
- Minnesota
- Longitude
- -93.261255
- Latitude
- 45.065693
