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Prime 12-Unit Apartment Building in Fridley – Excellent Location, Spacious Units, Fully Occupied
This is an outstanding opportunity to own a well-maintained 12-unit apartment building located in the desirable suburb of Fridley, MN. The property features a balanced mix of six spacious 1-bedroom units and six generously sized 2-bedroom units, offering a diverse range of rental options for tenants.
Each apartment is equipped with its own dedicated furnace, meaning tenants pay for their own heat, providing excellent cost-efficiency and minimal utility expenses for the owner. All units are currently fully occupied, ensuring immediate cash flow from day one.
The building sits in a prime location just half a block from the scenic Mississippi River, providing peaceful views and outdoor recreational access. Additionally, it’s just one block from the Northstar Commuter Rail station, giving residents convenient and quick access to downtown Minneapolis and surrounding areas—perfect for commuters.
Constructed with solid bones and quality craftsmanship, this apartment complex is a dependable investment with low turnover and strong long-term value. The property’s layout, size, and features make it an ideal addition to any multifamily portfolio.
Highlights:
- 12 total units: 6 one-bedrooms and 6 two-bedrooms
- Oversized apartment layouts
- Tenant-paid heat (each unit has its own furnace)
- 100% occupied
- Excellent proximity to transit and nature:
- 0.5 blocks to Mississippi River
- 1 block to Northstar Rail Line station
- Strong rental history and stable cash flow
- Quiet residential area with urban access
Don’t miss this chance to own a high-performing, well-located multifamily property in one of the Twin Cities’ most accessible suburbs.
Property Facts
- Apt 1 – 2 Bedroom, 1 Bath
- Apt 2 – 2 Bedroom, 1 Bath
- Apt 3 – 1 Bedroom, 1 Bath
- Apt 4 – 1 Bedroom, 1 Bath
- Apt 5 – 2 Bedroom, 1 Bath
- Apt 6 – 2 Bedroom, 1 Bath
- Apt 7 – 1 Bedroom, 1 Bath
- Apt 8 – 1 Bedroom, 1 Bath
- Apt 9 – 2 Bedroom, 1 Bath
- Apt 10 – 2 Bedroom, 1 Bath
- Apt 11 – 1 Bedroom, 1 Bath
- Apt 12 – 1 Bedroom, 1 Bath
List Price: $1,260,000
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Information is deemed reliable but not guaranteed. Buyer and Buyer's agent to verify all details.
