Richfield, MN Multifamily properties for sale

Updated: Apr 10

Well-Maintained Fourplex With Mixed Units

7632 Pleasant Avenue, Richfield, MN 55423

$575,000

4,008 sqft · 0.26 AC lot

Fourplex built in 1966 with three 2‑bedroom units and one 1‑bedroom unit
Month‑to‑month leases with long‑term tenants and historically low turnover
New boiler installed in 2025
Unit 2 remodel in 2024 with new carpet, fresh paint, new blinds, updated kitchen cabinets/countertops/appliances, and remodeled bathroom with tile tub/shower
Heating: oil; exterior features include brick/stone and stucco

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Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 1 Active listings in Richfield, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Owner-Occupied Duplex With Backyard Sauna

5808 Bryant Avenue S, Minneapolis, MN 55419

$674,900

3,351 sqft · 0.15 AC lot

A well-maintained duplex with bright living spaces and a private backyard sauna for added comfort and privacy.

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Two-Unit Duplex with Detached Garage

6029 Portland Avenue, Minneapolis, MN 55417

$465,000

2,620 sqft · 0.13 AC lot

Duplex with two leased units, detached garage, and off-street parking generating current monthly gross rent.

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Side-by-Side Duplex With Two Garages

6021 Chicago Avenue, Minneapolis, MN 55417

$469,900

2,311 sqft · 0.13 AC lot

Fully rented two-unit duplex offers two-bedroom layouts with individual garages on each side.

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Richfield Multifamily Investment Opportunity

7427 Penn Ave S, Minneapolis, MN 55423

$2,400,000

10,649 sqft

21-unit apartment building in desirable Richfield submarket.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Development Land Off Freeway

101 Morris Avenue, Hinckley, MN 55037

$799,000

9.20 AC lot

Multi-purpose acreage near the freeway offers flexibility for a range of development concepts.

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Aitkin Lots & Land

L 3&4 B3 London Town, Aitkin, MN 56431

Contact for pricing

0.14 AC lot

Double lot in Sherwood Forest with shared amenities.

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Land for Multi-Family Housing

1610 7th Avenue E, Alexandria, MN 56308

$249,900

2.16 AC lot

2.16 acre lot zoned for multi-family housing development.

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Alexandria Lakeshore Property with Rental Opportunity

5950 County Road 8 NW, Alexandria, MN 56308

$798,500

15.62 AC lot

Lakeshore property with rental cabins and RV sites near Alexandria.

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Off-Market Properties in Richfield, MN

Consider similar Off-Market properties in Richfield, MN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

Residential income properties

6413 Pleasant Ave, Richfield, MN 55423

Value Estimation by Request

11,400 sqft · 0.28 AC lot

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Richfield, MN Multifamily Properties Market Trends and Statistics

Explore 2 multifamily properties for sale in Richfield, MN on our real estate platform. These investment opportunities span a total of 4,008 square feet of properties for sale, with an estimated market value of $575,000.

Sale prices for multifamily properties in Richfield, MN start at $575,000, averaging $575,000, and reaching up to $575,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

Neighborhood	Average Price
Minneapolis - 55423	$599.9K

Neighborhood

Average Price

Minneapolis - 55423

$599.9K

Richfield, MN Multifamily Properties for Sale

7632 Pleasant Avenue, Richfield, MN 55423