Added 3 days ago

$795,000

5035 3rd Street NEFridley, MN 55421

Type: Commercial

1959 Year Built

Description

Well-maintained 7-unit apartment building in a high-demand Fridley location. All units are one-bedrooms with strong rental demand and consistent occupancy. The property includes several recent upgrades, including new mini-splits, newer windows, on-site office new roof, security cameras, and individual storage units for tenant convenience. Excellent opportunity for stable cash flow. Located near major transit routes, retail, restaurants, and minutes from Minneapolis, making it highly desirable for long-term tenants.

MLS ID: 7063244

Directions: Central Ave NE to 52nd Ave NE. East on 52nd Ave NE to 3rd St NE. South to property.

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Property Details

Essential Details

MLS #: 7063244

Listing courtesy of: National Realty Guild

Price: $795,000

Type: Commercial

Contingency: None

Foreclosure: No

Zoning: Residential-Multi-Family

Current Use: Residential

Total Units: 7

Annual Gross Income: $91,850

Net Operating Income: $54,825

Operating Expense: $37,025

Parking Features: Parking Lot

Building Details

Owner Occupied: No

AccessibilityFeatures: None

Heating: Boiler, Other

Cooling: Ductless Mini-Split

Year Built: 1959

Foundation Area: 3,072

Sewer: City Sewer/Connected

Water Source: City Water/Connected

Utilities: Electric Separate

Lot Details

Complex/Dev/Sub Name: Carlsons Summit Manor South

Lot Dimensions: 76 x 157

School Information

District: Fridley

District Number: 14

District Phone: 7635025001

Community Information

County: Anoka

Survey Range: 24

Survey Section: 26

Survey Township: 30

Taxes

Tax Year: 2026

Tax Amount: $10,289

Assessment Pending: Unknown

Taxes w/Assessments: $10,398

This listing was last updated by National Realty Guild on 4/28/2026 at 11:42 am.

Information is deemed to be reliable, but is not guaranteed. Such information cannot be duplicated or distributed in any manner without the express written consent of the owning association. Data is deemed reliable but not guaranteed.

Records last updated at 5/2/2026 6:46 am.

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. Real estate listings held by brokerage firms other than Castle Realty of Rochester are marked with the Broker Reciprocity^SM logo or the Broker Reciprocity^SM thumbnail logo (little black house) and detailed information about them includes the name of the listing brokers.

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