Interested In This Property
Three 12-Unit Apartment Buildings Available – Purchase Individually or as a 36-unit Portfolio
Excellent opportunity to acquire one, two, or all three well-maintained 12-unit apartment buildings in a desirable Fridley location. Each building features an attractive unit mix of six spacious one-bedroom apartments and six generously sized two-bedroom apartments, providing broad tenant appeal and a proven rental history.
All three buildings are fully occupied, offering immediate cash flow from day one. Each apartment has its own dedicated furnace, allowing for independent heating systems. At 5950 E River Road, each unit is separately metered for gas, so tenants pay their own heat. The other two buildings also feature separate furnaces, with the current owner paying the gas expense due to shared metering. A future owner may have the opportunity to separately meter the gas service if desired.
Located just a half block from the Mississippi River and approximately one block from the Northstar Commuter Rail station, these properties offer residents an outstanding combination of natural surroundings and convenient access to downtown Minneapolis and the surrounding metro area.
With spacious floor plans, strong occupancy, and a desirable location, these buildings present an excellent opportunity for investors seeking stable cash flow with long-term upside. Whether purchased individually or together, these properties would make a strong addition to any multifamily investment portfolio.
Highlights:
- Three similar 12-unit apartment buildings available
- Purchase individually or as a portfolio
- Price: $100,000 per unit
- Each building offers:
- 12 units (6 one-bedroom, 6 two-bedroom)
- Spacious apartment layouts
- Separate furnace for every unit
- Fully occupied with established rental history
- 5950 E River Road: Separate gas meters with tenant-paid heat
- Remaining two buildings feature separate furnaces with future potential for tenant-paid heat through separate metering
- Approximately one-half block to the Mississippi River
- Approximately one block to the Northstar Commuter Rail Station
- Quiet residential neighborhood with convenient access to Minneapolis
Don’t miss this chance to own a high-performing, well-located multifamily property in one of the Twin Cities’ most accessible suburbs.
Typical Unit Mix
- Apartment 1 – 2 Bedroom, 1 Bath
- Apartment 2 – 2 Bedroom, 1 Bath
- Apartment 3 – 1 Bedroom, 1 Bath
- Apartment 4 – 1 Bedroom, 1 Bath
- Apartment 5 – 2 Bedroom, 1 Bath
- Apartment 6 – 2 Bedroom, 1 Bath
- Apartment 7 – 1 Bedroom, 1 Bath
- Apartment 8 – 1 Bedroom, 1 Bath
- Apartment 9 – 2 Bedroom, 1 Bath
- Apartment 10 – 2 Bedroom, 1 Bath
- Apartment 11 – 1 Bedroom, 1 Bath
- Apartment 12 – 1 Bedroom, 1 Bath
Pricing: $100,000 per unit. Buildings may be purchased individually or together as a portfolio.
To view the property financials and lease expiration dates, please fill out the form on this page.
Information is deemed reliable but not guaranteed. Buyer and Buyer's agent to verify all details.
