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5428 5th Street NE, Minneapolis, MN 55421

$550,000

Welcome to this Fridley fourplex, featuring three thoughtfully designed 2-bedroom units and one 1-bedroom unit, each offering similar, well-planned layouts. The property is complemented by convenient shared laundry and utility space.

Virtual Tour

https://my.matterport.com/show/?m=iJTuuRkFocy&brand=0&mls=1&

Unit 1 - Spacious living room flooded with natural light. Photo is virtually staged.

Unit 1 - Dining room with easy access to both the kitchen and living room. Photo is virtually staged.

Unit 1 - Kitchen featuring stainless steel appliances, including a gas stove. Photo is virtually staged.

Unit 1 - Full bathroom features tile surround throughout

Unit 1 - Bedroom featuring dual closets for plentiful storage. Photo is virtually staged.

Unit 2 - Spacious living room flooded with natural light. Photo is virtually staged.

Unit 2 - Kitchen complete with stainless steel appliances featuring a gas stove and tile backsplash. Photo is virtually staged.

Unit 2 - Dining area conveniently connected to both the kitchen and living room.

Unit 2 - Full bathroom offering everyday comfort and convenience.

Unit 2 - Primary bedroom with views of both the side and backyard.

Unit 2 - Second bedroom featuring side yard views.

Unit 3 - Living room filled with natural light from large surrounding windows. Photo is virtually staged.

Unit 3 - Dining area centrally located between the kitchen and main living space. Photo is virtually staged.

Unit 3 - Kitchen featuring stainless steel appliances, including a gas stove. Photo is virtually staged.

Unit 3 - Full bathroom with a clean, functional layout. Photo is virtually staged.

Unit 3 - Primary bedroom featuring peaceful backyard and side yard views. Photo is virtually staged.

Unit 3 - Second bedroom featuring side yard views. Photo is virtually staged.

Unit 4 - Living room featuring oversized windows and a bright, open feel. Photo is virtually staged.

Unit 4 - Kitchen with plenty of cabinet storage. Photo is virtually staged.

Unit 4 - Dining space offering a seamless flow between the kitchen and living room. Photo is virtually staged.

Unit 4 - Centrally-located full bathroom.

Unit 4 - Secondary bedroom featuring peaceful side views. Photo is virtually staged.

Unit 4 - Primary bedroom with views of both the side and backyard. Photo is virtually staged.

Direct access to the back alley with convenient off-street parking available.

Property Type: Multi-Family Bedrooms: 7 Baths: 4 Square Footage: 2,873 Lot Size (sq. ft.): 10,019 Status: Active

Current Price: $550,000 List Date: 6/01/2026 Last Modified: 6/26/2026

Overview

Description

$50K price reduction! Welcome to this well-positioned 4-unit investment opportunity in Fridley, a community celebrated for its natural beauty and everyday convenience. Nearby Springbrook Nature Center offers 127 acres of wooded boardwalks, wildlife viewing, and environmental education, while commuters will appreciate quick access to the Twin Cities. Residents also enjoy walkability to Jubilee Park and Oak Hill Park, along with nearby shopping, dining, and entertainment just minutes away. The property features four total units, including two 2-bedroom units on the upper level with a mirrored layout, plus one 2-bedroom and one 1-bedroom unit on the lower level. All units share a welcoming front vestibule with a dedicated mail area, along with convenient access to shared laundry and utility space equipped with a GE washer and dryer and utility sink. From this area, residents also have direct access to the back dedicated parking lot and off-street parking. Unit 1 is a lower-level 1-bedroo ... (Read more) $50K price reduction! Welcome to this well-positioned 4-unit investment opportunity in Fridley, a community celebrated for its natural beauty and everyday convenience. Nearby Springbrook Nature Center offers 127 acres of wooded boardwalks, wildlife viewing, and environmental education, while commuters will appreciate quick access to the Twin Cities. Residents also enjoy walkability to Jubilee Park and Oak Hill Park, along with nearby shopping, dining, and entertainment just minutes away. The property features four total units, including two 2-bedroom units on the upper level with a mirrored layout, plus one 2-bedroom and one 1-bedroom unit on the lower level. All units share a welcoming front vestibule with a dedicated mail area, along with convenient access to shared laundry and utility space equipped with a GE washer and dryer and utility sink. From this area, residents also have direct access to the back dedicated parking lot and off-street parking. Unit 1 is a lower-level 1-bedroom, 1-bathroom residence offering a bright living room with front yard views and abundant natural light. The open layout flows into the dining area and kitchen, which is equipped with stainless steel appliances. The full bathroom features a tile surround, while the bedroom provides side yard views and dual closets for generous storage. Unit 2 is a spacious lower-level 2-bedroom, 1-bathroom unit filled with natural light from multiple windows throughout, creating a warm and inviting atmosphere. The kitchen features stainless steel appliances and a tile backsplash, opening seamlessly to the dining and living areas for comfortable everyday living and easy entertaining. Both bedrooms are nicely sized with LVP, and the bathroom is conveniently located between them. Units 3 and 4 occupy the upper level and share a mirrored 2-bedroom, 1-bathroom layout. Each unit offers an open-concept design with kitchens that flow into the dining and living areas, creating a functional and comfortable living space. Generous cabinet storage enhances each kitchen, while both bedrooms are well-sized and located near the full bathrooms. All units include direct interior access to the shared laundry and utility area. With four thoughtfully designed units, strong access to parks and natural amenities, and convenient connectivity to the Twin Cities, this Fridley property offers an appealing blend of lifestyle and long-term investment potential. From wooded trails to urban convenience, it delivers the balance today’s renters are actively seeking. Note: annual gross revenue is an estimate based on previous history

Listing Details MLS# 7082990

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: No
Waterfront YN: No
Year Built: 1961
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Above Ground SqFt: 1450
Below Grd Total SqFt: 1423
Total SqFt: 2873
Foundation Size: 1530
Style: (MF) Four Plex
Total Finished Sqft: 2873.00
Lot Dimensions: Irregular
Acres: 0.23
Assessment Pending: No
# Carport Spaces: 0
Main Floor Total SqFt: 0
Garage Stalls: 0

Property Features

Accessible: None Amenities Shared: Common Laundry Facility Basement: None Construction Status: Previously Owned Exterior: Brick/Stone; Stucco Fencing: None Foundation: Concrete Block Fuel: Natural Gas Heating: Baseboard Laundry: Common Area; Lower Level; Sink Lock Box Type: Combo Lot Description: Public Transit (w/in 6 blks) Parking Characteristics: Parking Lot Rental License Type: Standard Road Frontage: City Street Road Responsibility: Public Maintained Road Sellers Terms: Cash; Conventional; FHA; VA; Other Sewer: City Sewer/Connected Unit 1 Amenities: Main Floor Primary Bedroom Unit 1 Appliances: Exhaust Fan/Hood; Range; Refrigerator Unit 1 Bath Description: Main Floor Full Bath Unit 1 Cooling: Central Unit 1 Dining Room Description: Informal Dining Room; Kitchen/Dining Room; Living/Dining Room Unit 2 Amenities: Main Floor Primary Bedroom Unit 2 Appliances: Exhaust Fan/Hood; Range; Refrigerator Unit 2 Bath Description: Main Floor Full Bath Unit 2 Cooling: Central Unit 2 Dining Room Description: Informal Dining Room; Kitchen/Dining Room; Living/Dining Room Water: City Water/Connected

Contract Information

Contingency: None
Original List Price: 600000
ListPrice: 550000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 5428
Street Name: 5th
Street Suffix: Street
Street Direction Suffix: NE
Postal City: Minneapolis
County: Anoka
State: MN
Zip Code: 55421
Complex/Dev/Subdivision: Hamiltons Add To Mechanics

Assessments

Tax With Assessments: 8056.98
Assessment Balance: 0
Assessment Installment: 0

Building Information

Finished SqFt Above Ground: 1450
Finished SqFt Below Ground: 1423

More Information

Income and Expenses

Annual Gross Income: 63600
Annual Caretaker Expense: 0
Annual Electric Expense: 0
Annual Fuel Expense: 0
Annual Gross Expenses: 0
Annual Insurance Expense: 0
Annual Maintenance Expense: 0
Annual Repair Expense: 0
Annual Trash Expense: 0
Annual Water/Sewer Expense: 0
Total Annual Expenses: 0

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

DP Resource: Yes
Homestead: No

Ownership

Fractional Ownership: No

Public Survey Info

Range#: 24
Section#: 23
Township#: 30

Unit 1

Furnished?: No
Leased?: No
Unit Number: Yes
Finished SqFt: 683
Full Baths: Yes
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: Yes
Total Rooms: 6

Unit 2

Furnished?: No
Leased?: No
Unit Number: 2
Finished SqFt: 605
Full Baths: Yes
No. of Units Like This: 3
Total Baths: Yes
Total Bedrooms: 2
Total Rooms: 6

Unit Details

Total Units: 4

Office/Member Info

Association: MAAR

Location, Tax and Other Information

Legal Description: LOTS 8 & 9 BLOCK 11 HAMILTONS ADDITION TO MECHANICSVILLE
Listing City: Fridley
Map Page: 92
Municipality: Fridley
School District: Fridley
School District Phone: 763-502-5001
Property ID Number: 233024340014
Tax Year: 2026
Tax Amount: 8056.98
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: $50K price reduction! Welcome to this well-positioned 4-unit investment opportunity in Fridley, a community celebrated for its natural beauty and everyday convenience. Nearby Springbrook Nature Center offers 127 acres of wooded boardwalks, wildlife viewing, and environmental education, while commuters will appreciate quick access to the Twin Cities. Residents also enjoy walkability to Jubilee Park and Oak Hill Park, along with nearby shopping, dining, and entertainment just minutes away. The property features four total units, including two 2-bedroom units on the upper level with a mirrored layout, plus one 2-bedroom and one 1-bedroom unit on the lower level. All units share a welcoming front vestibule with a dedicated mail area, along with convenient access to shared laundry and utility space equipped with a GE washer and dryer and utility sink. From this area, residents also have direct access to the back dedicated parking lot and off-street parking. Unit 1 is a lower-level 1-bedroom, 1-bathroom residence offering a bright living room with front yard views and abundant natural light. The open layout flows into the dining area and kitchen, which is equipped with stainless steel appliances. The full bathroom features a tile surround, while the bedroom provides side yard views and dual closets for generous storage. Unit 2 is a spacious lower-level 2-bedroom, 1-bathroom unit filled with natural light from multiple windows throughout, creating a warm and inviting atmosphere. The kitchen features stainless steel appliances and a tile backsplash, opening seamlessly to the dining and living areas for comfortable everyday living and easy entertaining. Both bedrooms are nicely sized with LVP, and the bathroom is conveniently located between them. Units 3 and 4 occupy the upper level and share a mirrored 2-bedroom, 1-bathroom layout. Each unit offers an open-concept design with kitchens that flow into the dining and living areas, creating a functional and comfortable living space. Generous cabinet storage enhances each kitchen, while both bedrooms are well-sized and located near the full bathrooms. All units include direct interior access to the shared laundry and utility area. With four thoughtfully designed units, strong access to parks and natural amenities, and convenient connectivity to the Twin Cities, this Fridley property offers an appealing blend of lifestyle and long-term investment potential. From wooded trails to urban convenience, it delivers the balance today’s renters are actively seeking. Note: annual gross revenue is an estimate based on previous history
Directions: University Ave NE to 53rd Ave NE to 5th St NE

Accessible

None: Yes

Amenities Shared

Common Laundry Facility: Yes

Basement

None: Yes

Construction Status

Previously Owned: Yes

Exterior

Brick/Stone: Yes
Stucco: Yes

Fencing

None: Yes

Foundation

Concrete Block: Yes

Fuel

Natural Gas: Yes

Heating

Baseboard: Yes

Laundry

Common Area: Yes
Lower Level: Yes
Sink: Yes

Lock Box Type

Combo: Yes

Lot Description

Public Transit (w/in 6 blks): Yes

Parking Characteristics

Parking Lot: Yes

Rental License Type

Standard: Yes

Road Frontage

City Street: Yes

Road Responsibility

Public Maintained Road: Yes

Sellers Terms

Cash: Yes
Conventional: Yes
FHA: Yes
Other: Yes
VA: Yes

Sewer

City Sewer/Connected: Yes

Water

City Water/Connected: Yes

Unit 1 Amenities

Main Floor Primary Bedroom: Yes

Unit 1 Appliances

Exhaust Fan/Hood: Yes
Range: Yes
Refrigerator: Yes

Unit 1 Bath Description

Main Floor Full Bath: Yes

Unit 1 Cooling

Central: Yes

Unit 1 Dining Room Description

Informal Dining Room: Yes
Kitchen/Dining Room: Yes
Living/Dining Room: Yes

Unit 2 Amenities

Main Floor Primary Bedroom: Yes

Unit 2 Appliances

Exhaust Fan/Hood: Yes
Range: Yes
Refrigerator: Yes

Unit 2 Bath Description

Main Floor Full Bath: Yes

Unit 2 Cooling

Central: Yes

Unit 2 Dining Room Description

Informal Dining Room: Yes
Kitchen/Dining Room: Yes
Living/Dining Room: Yes

Documents

Property Highlights - 5th St NE.pdf ›

Listing Office: eXp Realty

Last Updated: June - 26 - 2026

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.