Richfield, MN Residential income properties for sale

Updated: Apr 10

Updated Four-Unit Multifamily Property

7632 Pleasant Avenue, Richfield, MN 55423

$575,000

4,008 sqft 0.26 AC lot

Four‑unit configuration with three 2‑bedroom units and one 1‑bedroom unit
4,008 square feet on a 0.26‑acre parcel
Unit 2 remodeled in 2024 with updated kitchen, appliances, bathroom, finishes, and windows
Boiler replaced in 2025; newer windows throughout the property
Month‑to‑month leases with long‑term tenants and historically low turnover

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Updated: Aug 8

23-Unit Apartment Building

7444 Cedar Ave S, Richfield, MN 55423

$2,650,000

21,840 sqft 0.88 AC lot

23 units totaling 21,840 square feet on 0.88 acres
Unit mix includes 18 two‑bedroom and 5 one‑bedroom residences
10 detached garage stalls plus additional off‑street parking
New electrical panels with circuit breakers completed in 2025
Commercial high‑efficiency water heater installed in 2023

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51-Unit Apartment Community

900-920 Rae Drive, Richfield, MN 55423

Contact for pricing

1.82 AC lot

Interior upgrades and roof replacements on two buildings support continued apartment operations.

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See hot listings in Richfield

Scored against comparables nationwide. These are worth a look.

Cap Rate available after sign in

Est. NOI available after sign in

Local Demand available after sign in

Updated Side-by-Side Duplex

1700 East 66th Street, Richfield, MN 55423

$4,930,000

Two residential units offer refreshed interiors, fireplaces, and convenient access to neighborhood amenities and I-35W.

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Based on your search, we've compiled 13 Potential Opportunities for your consideration. Besides 4 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.

Side-by-Side Duplex

5921 Chicago Avenue S, Minneapolis, MN 55417

$557,000

2,695 sqft 0.14 AC lot

Both residences are leased, with the option to occupy one after the current leases permit.

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Four-Unit Apartment Building

8843 18th Ave S, Bloomington, MN 55425

$575,000

3,128 sqft

Updated building systems and a practical unit mix support residential income use in Bloomington.

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22-Unit Apartment Building

8050 QUEEN AVE S, Bloomington, MN 55431

Contact for pricing

10,559 sqft 1.50 AC lot

R-4-zoned multifamily property with renovated units, underground parking, and a 1.5-acre setting.

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51-Unit Apartment Community

900 Rae Dr, Minneapolis, MN 55423

Contact for pricing

1.82 AC lot

Three neighboring buildings provide studio, one-bedroom, and two-bedroom residences in a low-rise multifamily setting.

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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.

Corner Lot for Multi-Family Building

5735 Sander Drive, Minneapolis, MN 55417

$120,000

0.11 AC lot

Corner lot zoned for multi-family building with highway access.

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Waterfront Land with Carriage House

4023 Wood End Drive, Edina, MN 55424

$1,000,000

0.72 AC lot

Oversized waterfront lot on Minnehaha Creek with a century-old home, separate heated carriage house, and three-car garage.

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Two-Lot Development Land Site

2840 Bloomington Avenue, Minneapolis, MN 55407

$300,000

0.12 AC lot

Two contiguous vacant lots zoned for multi-family or mixed-use development up to six stories with build-form premiums.

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Mendota Heights Land Opportunity

2300 Pagel Road, Mendota Heights, MN 55120

$430,000

1.87 AC lot

Almost 2 acres in Mendota Heights, potential for two lots.

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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

Estimated value: by Request

11,400 sqft 0.28 AC lot

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Richfield, MN Residential Income Properties Market Trends and Statistics

Explore 5 residential income properties for sale in Richfield, MN, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 25,848 square feet of properties for sale, with an estimated market value of $8,155,000.

Sale prices for residential income properties in Richfield, MN start at $575,000, averaging $2,718,333, and reaching up to $4,930,000 — 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	$2.7M

Neighborhood

Average Price

Minneapolis - 55423

$2.7M