7632 Pleasant AvenueRichfield, MN 55423
$549,999
7 bedrooms · 4 bathrooms · 4,008 finished sq ft · 0.26 acre lot
About this home
Rarely available fourplex in a highly convenient Richfield location offering strong rental demand and long-term tenants. This well-maintained property features three 2-bedroom units and one 1-bedroom unit, making it an ideal addition to an investor’s portfolio, owner occupant or a great opportunity for a first-time multifamily buyer looking to build passive income. Recent capital improvements provide peace of mind, including a new boiler (2025), newer windows and a complete remodel of Unit 2 in 2024 featuring new carpet, fresh paint, new blinds, new living room windows, updated kitchen cabinets, countertops, appliances, and remodeled bathroom with tile tub/shower. The property benefits from month-to-month leases with long-term tenants and historically low turnover, helping provide consistent income and flexibility for future rent adjustments. Located in Southwest Richfield, the property offers excellent accessibility to major highways, shopping, restaurants, and parks, and is just minutes from the Mall of America and MSP Airport, making it an attractive location for renters. The neighborhood also offers strong amenities and transportation access, further supporting long-term rental demand.
Home facts
- Home type
- Townhome
- Style
- Quadruplex
- Year built
- 1966
- Bedrooms
- 7
- Bathrooms
- 4
- Finished sq ft
- 4,008
- Lot
- 0.26 acres
- Basement
- Block, Other
- Heating
- Natural Gas
- Property taxes
- $9,141 a year
- Listed
- October 9, 2026
- MLS number
- 7158188
Listing courtesy of Eos Realty, LLC (Kristopher G. Jacobsen). MLS #7158188.
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How it compares
7632 Pleasant Avenue, Richfield, MN 55423 is a 7-bedroom townhome built in 1966, listed for $549,999 on October 9, 2026 by Eos Realty, LLC. That works out to $137 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
- Richfield community guideSchools, commutes, parks, home values and local stories.
- Richfield housing market, September 2026Homes sold for a median $355,000 over 12 months (−2.7%), 38 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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