5347 4th Street NE, Minneapolis, MN 55421 (MLS# 7054412)

5347 4th Street NE, Minneapolis, MN 55421

$489,900

Great Investment Opportunity - Tri-plex - Currently Fully rented

This Tri-Plex has been well maintained inside and out, come check it out and see for yourself!

Unit 1 Entrance with side yard - gives you your own space

Side yard of Unit 2 - provides this tenant their own space

Large Parking Area & Great for outdoor entertaining

2 Car Detached Garage for inside Parking Available for Tenants, one tenant utilizes this currently

Unit 1 Home Entry into Living Room Hardwood Floors Throughout in Great Shape

Unit 1 Living Room Tenants Will Love all the Windows and Natural Lighting

Unit 2 Kitchen Brick Backsplash is a Nice Touch

Unit 2 kitchen View Hallway Leading to Beds and Bath

Unit 2 kitchen with dining area with side windows leading into the Living Room

Unit 2 Front Entrance and Living Room with Continued Display of All the Natural Light Units have to Offer

Unit 3 Kitchen Viewing Entrance to Laundry

Unit 3 Kitchen, Dining, and Entrance to Living, Bed, and Bath areas

Unit 3 Kitchen Viewing Back Entrance and Living Room

Unit 3 Living Room Looking towards Laundry and Bedroom entrances

Unit 3 Living Room a Great Space for Renters to Relax

Shared laundry room for units 1 & 3, each unit has access to it from it's own lockable door. Back Door for Owner Storage/Supply Room

Property Type: Multi-Family Bedrooms: 4 Baths: 3 Square Footage: 2,670 Lot Size (sq. ft.): 8,712 Status: Active

Current Price: $489,900 List Date: 4/17/2026 Last Modified: 8/18/2026

Overview

Description

Turn-key triplex investment opportunity with strong, consistent rental income. Each unit offers a private exterior entrance for added tenant appeal. Unit #2 features 2 beds, 1 bath with in-unit laundry, while Units #1 & #3 1 bed, 1 bath and each unit includes their own washers and dryers in a shared laundry space. Well-maintained property with a roof under 10 years old and solid overall condition. Detached 2-car garage adds value, tenant parking and/or storage. Located in a high-demand rental area near highways, parks, shopping, and dining. Leases in place will transfer with sale. 24-hour notice required for showings. Quick closing available.

Listing Details MLS# 7054412

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: Yes
Waterfront YN: No
Year Built: 1960
Yearly/Seasonal: Yearly
Main Floor Total SqFt: 1550
Above Ground SqFt: 1550
Below Grd Total SqFt: 1120
Total SqFt: 2670
Foundation Size: 1550
Style: (MF) Triplex
Total Finished Sqft: 2670.00
Power Company: Xcel Energy
Garage Stalls: 2
Lot Dimensions: 130x67
Acres: 0.2
Assessment Pending: No

Property Features

Accessible: None Amenities Shared: Common Laundry Facility Assumable Loan: Not Assumable Basement: Concrete Block; Partially Finished; Storage Space Construction Materials: Block; Frame; Timber/Post & Beam Construction Status: Previously Owned Existing Financing: Conventional Exterior: Stucco Fencing: Chain Link Foundation: Concrete Block Fuel: Natural Gas Heating: Baseboard; Boiler; Zoned Laundry: In Unit; Lower Level Lock Box Type: Combo Lot Description: Tree Coverage - Light Owner Pays: Lawn; Maintenance/Repair; Sewer; Snow Removal; Trash Collection; Water Parking Characteristics: Shared Garage/Stall; Driveway - Shared Pool Description: None Road Frontage: City Street; Paved Streets; Sidewalks Road Responsibility: Public Maintained Road Roof: Age 8 Years or Less; Asphalt Shingles Sellers Terms: Cash; Conventional Sewer: City Sewer/Connected Stories: One Tenant Pays: Cable TV; Electricity; Gas Unit 1 Amenities: Ceiling Fan(s); Hardwood Floors; Kitchen Window; Main Floor Primary Bedroom Unit 1 Appliances: Dryer; Exhaust Fan/Hood; Range; Refrigerator Unit 1 Bath Description: Main Floor Full Bath Unit 1 Cooling: Window Unit 1 Dining Room Description: Kitchen/Dining Room Unit 1 Family Room Characteristics: Main Level Unit 2 Amenities: Ceiling Fan(s); Kitchen Window; Main Floor Primary Bedroom Unit 2 Appliances: Dryer; Exhaust Fan/Hood; Range; Refrigerator; Washer Unit 2 Bath Description: Main Floor Full Bath Unit 2 Cooling: Window Unit 2 Dining Room Description: Kitchen/Dining Room Unit 2 Family Room Characteristics: Main Level Unit 3 Amenities: Ceiling Fan(s); Kitchen Window Unit 3 Appliances: Dryer; Exhaust Fan/Hood; Range; Refrigerator; Washer Unit 3 Bath Description: Main Floor Full Bath Unit 3 Cooling: Window Unit 3 Dining Room Description: Kitchen/Dining Room Unit 3 Family Room Characteristics: Main Level Water: City Water/Connected

Contract Information

Contingency: None
Original List Price: 500000
ListPrice: 489900
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 5347
Street Name: 4th
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: 6200
Assessment Balance: 0

Basement

Foundation Dimensions: 30x50
Concrete Block: Yes
Partially Finished: Yes
Storage Space: Yes

More Information

Building Information

Finished SqFt Above Ground: 1550
Finished SqFt Below Ground: 1120

Income and Expenses

Annual Electric Expense: 2989
Annual Fuel Expense: 2369
Annual Gross Expenses: 19920
Annual Gross Income: 49800
Annual Insurance Expense: 4185
Annual Maintenance Expense: 1899
Annual Net Income: 29880
Annual Repair Expense: 3560
Annual Trash Expense: 582
Annual Water/Sewer Expense: 1002
Total Annual Expenses: 17226
Annual Caretaker Expense: 0

Lease Details

Land Leased: Not Applicable

Lock Box Type

Lock Box Source: SPAAR
Combo: Yes

Miscellaneous Information

DP Resource: Yes
Homestead: No

Ownership

Fractional Ownership: No

Parking Characteristics

Garage Dimensions: 24x24
Garage Square Feet: 576
Shared Garage/Stall: Yes
Driveway - Shared: Yes

Public Survey Info

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

Unit 1

Furnished?: No
Lease Expiration Date: 2026-06-01
Leased?: Yes
Level: Main Level
Unit Number: Yes
Annual Rent: 15000
Finished SqFt: 520
Full Baths: Yes
Monthly Expense: 150
Monthly Rent: 1250
No. of Units Like This: Yes
Oth Parking Spaces: Yes
Total Baths: Yes
Total Bedrooms: Yes
Total Rooms: 4

Unit 2

Furnished?: No
Lease Expiration Date: 2026-10-31
Leased?: Yes
Level: Main Level
Unit Number: 2
Annual Rent: 19800
Finished SqFt: 700
Full Baths: Yes
Monthly Expense: 200
Monthly Rent: 1650
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: 2
Total Rooms: 5

Unit 3

Furnished?: No
Lease Expiration Date: 2026-11-30
Leased?: Yes
Level: Below Ground
Unit Number: 3
Annual Rent: 15000
Finished SqFt: 500
Full Baths: Yes
Monthly Expense: 150
Monthly Rent: 1250
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: Yes
Total Rooms: 4

Unit Details

Total Units: 3

Office/Member Info

Association: SPAAR

Location, Tax and Other Information

Legal Description: HAMILTONS ADDITION TO MECHANICSVILLE CITY OF FRIDLEY LOT 27-EX N 27 FT THEREOF-ALL OF LOT 26 & N 14 FT OF LOT 25 BLK 14 HAMILTONS ADD TO MECHANICSVILLE
Listing City: Fridley
Map Page: 92
Municipality: Fridley
School District: Fridley
School District Phone: 763-502-5001
Property ID Number: 233024340055
Tax Year: 2026
Tax Amount: 6200
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: Turn-key triplex investment opportunity with strong, consistent rental income. Each unit offers a private exterior entrance for added tenant appeal. Unit #2 features 2 beds, 1 bath with in-unit laundry, while Units #1 & #3 1 bed, 1 bath and each unit includes their own washers and dryers in a shared laundry space. Well-maintained property with a roof under 10 years old and solid overall condition. Detached 2-car garage adds value, tenant parking and/or storage. Located in a high-demand rental area near highways, parks, shopping, and dining. Leases in place will transfer with sale. 24-hour notice required for showings. Quick closing available.
Directions: HWY 10 TO UNIVERSITY AVE NE, GO SOUTH ON UNIVERSITY AVE, THEN EAST ON 53RD AVE NE, NORTH ON 4TH ST NE, TRI-PLEX IS ON THE RIGHT HAND SIDE

Accessible

None: Yes

Amenities Shared

Common Laundry Facility: Yes

Assumable Loan

Not Assumable: Yes

Construction Materials

Block: Yes
Frame: Yes
Timber/Post & Beam: Yes

Construction Status

Previously Owned: Yes

Existing Financing

Conventional: Yes

Exterior

Stucco: Yes

Fencing

Chain Link: Yes

Foundation

Concrete Block: Yes

Fuel

Natural Gas: Yes

Heating

Baseboard: Yes
Boiler: Yes
Zoned: Yes

Laundry

In Unit: Yes
Lower Level: Yes

Lot Description

Tree Coverage - Light: Yes

Owner Pays

Lawn: Yes
Maintenance/Repair: Yes
Sewer: Yes
Snow Removal: Yes
Trash Collection: Yes
Water: Yes

Pool Description

None: Yes

Road Frontage

City Street: Yes
Paved Streets: Yes
Sidewalks: Yes

Road Responsibility

Public Maintained Road: Yes

Roof

Age 8 Years or Less: Yes
Asphalt Shingles: Yes

Sellers Terms

Cash: Yes
Conventional: Yes

Sewer

City Sewer/Connected: Yes

Stories

One: Yes

Water

City Water/Connected: Yes

No. of Ranges

Three: Yes

No. of Refrigerators

Three: Yes

Tenant Pays

Cable TV: Yes
Electricity: Yes
Gas: Yes

Unit 1 Amenities

Ceiling Fan(s): Yes
Hardwood Floors: Yes
Kitchen Window: Yes
Main Floor Primary Bedroom: Yes

Unit 1 Appliances

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

Unit 1 Bath Description

Main Floor Full Bath: Yes

Unit 1 Cooling

Window: Yes

Unit 1 Dining Room Description

Kitchen/Dining Room: Yes

Unit 1 Family Room Characteristics

Main Level: Yes

Unit 2 Amenities

Ceiling Fan(s): Yes
Kitchen Window: Yes
Main Floor Primary Bedroom: Yes

Unit 2 Appliances

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

Unit 2 Bath Description

Main Floor Full Bath: Yes

Unit 2 Cooling

Window: Yes

Unit 2 Dining Room Description

Kitchen/Dining Room: Yes

Unit 2 Family Room Characteristics

Main Level: Yes

Unit 3 Amenities

Ceiling Fan(s): Yes
Kitchen Window: Yes

Unit 3 Appliances

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

Unit 3 Bath Description

Main Floor Full Bath: Yes

Unit 3 Cooling

Window: Yes

Unit 3 Dining Room Description

Kitchen/Dining Room: Yes

Unit 3 Family Room Characteristics

Main Level: Yes

Documents

Disclosure Statement Seller's Disclosure ›

Listing Office: LaBelle Real Estate Group Inc

Last Updated: August - 18 - 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.

5347 4th Street NE, Minneapolis, MN 55421 (MLS# 7054412)