1200 Norton Avenue NEFridley, MN 55432
$675,000
10 bedrooms · 5 bathrooms · 5,000 finished sq ft · 0.52 acre lot
About this home
Updated 5-Unit Multifamily Investment Property in Fridley Excellent opportunity to acquire a well-maintained and updated 5-unit residential rental property in Fridley featuring all 2-bedroom, 1-bathroom apartment homes. Each unit has been thoughtfully updated with modern kitchens and bathrooms, creating strong tenant appeal and a clean, move-in-ready rental experience. The property offers a practical unit mix with five spacious 2-bedroom apartments, six garage stalls, and multiple designated off-street parking spaces. These features provide added convenience for residents and valuable income-supporting amenities for ownership. All units have existing leases, some are month-month. Located at 1200 Norton Avenue NE in Fridley, this multifamily asset offers convenient access to major roadways, employment centers, shopping, dining, parks, and everyday services throughout the north metro. With updated interiors, garage parking, designated parking, and a desirable all-2-bedroom configuration, this property is well-positioned for an investor seeking a stabilized residential rental asset with long-term income potential. A strong addition to an investment portfolio, this 5-unit property combines updated residential living spaces, functional parking, and a location within the established Fridley rental market.
Home facts
- Home type
- Single-family home
- Style
- Other
- Year built
- 1918
- Bedrooms
- 10
- Bathrooms
- 5
- Finished sq ft
- 5,000
- Lot
- 0.52 acres
- Garage
- 6 stalls
- Basement
- Walk-Out Access, Finished, Full
- Heating
- Natural Gas, Forced Air
- Cooling
- Window Unit(s)
- Property taxes
- $9,960 a year
- Listed
- June 24, 2026
- MLS number
- 7098679
Listing courtesy of Exit Realty Nexus (Frank M D'Angelo). MLS #7098679.
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How it compares
1200 Norton Avenue NE, Fridley, MN 55432 is a 10-bedroom single-family home built in 1918, listed for $675,000 on June 24, 2026 by Exit Realty Nexus. That is in the upper quarter of the 70 single-family homes for sale in Fridley right now (median $339,900; $135 per square foot here against $182 for the group). That works out to $135 per finished square foot.
Source: Huerkamp Home Group, from the active listings in our communities on November 3, 2026 at 10:01 PM (Central). This is not an appraisal, competitive or comparative market analysis, CMA or home valuation.
The location
- Fridley community guideSchools, commutes, parks, home values and local stories.
- Fridley housing market, September 2026Homes sold for a median $335,000 over 12 months (+3.1%), 35 days on market. Source: Minneapolis Area REALTORS®.
What would the monthly payment be?
— estimated per month
- Principal and interest
- —
- Property taxes
- —
Estimate only, not a loan offer: a 30-year fixed loan at the Freddie Mac weekly average (7.24% on October 29, 2026), the property taxes in the listing. Homeowners insurance and any mortgage insurance aren't included. Your rate depends on your credit and loan.
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