For Sale: Richfield MLS# 7167358
Active
$579,000
Multi-family: Duplex Up and Down
5 br • 3 ba • Built 1949
2,350 sqft • 0.22 acres
Richfield schools
MLS# 7167358
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Property Description
Rare Duplex Opportunity in a Single-Family Neighborhood!
Discover this well-maintained duplex uniquely situated in a desirable Richfield single-family residential neighborhood, offering the perfect blend of owner-occupancy and investment potential. Conveniently located near the airport, Mall of America, shopping, dining, and everyday amenities.
The main-level unit features 2 bedrooms, 1 bathroom, and a spacious private patio. The upper-level unit offers 3 bedrooms, 2 full bathrooms, a separate entrance, and a private deck. Currently operating as an Airbnb, the upper unit provides an opportunity for rental income or flexible living arrangements. The seller is willing to include the existing, fully furnished Airbnb setup in the sale, creating a potential turnkey opportunity.
The property features 3 separate electrical panels, 3 water heaters, and 2 HVAC systems. Recent improvements include a new Class 4 impact-resistant roof with new roof decking, along with a water heater and HVAC system updated in 2023. The air-conditioning unit dates to 2013.
The unfinished lower level offers additional potential to create more living space, subject to buyer verification and required approvals.
Live in one unit and enjoy the flexibility of the other, or explore the investment possibilities. A unique opportunity to own a versatile income-producing property in a single-family neighborhood!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$579,000
Price per sq ft:
$246
Property Type:
Multi-family
City:
Richfield
Garage Spaces:
2
County:
Hennepin
Year Built:
1949
State:
MN
Property Style:
Duplex Up and Down
Zip Code:
55423
Subdivision Name:
Irwindale
Interior
Bedrooms:
5
Bathrooms:
3
Finished Area:
2,350 ft2
Living Area:
2,350 ft2
Basement Details:
Partial
Exterior
Stories:
Two
Garage Spaces:
2
Garage Size:
400 ft2
Foundation Size:
1,015 ft2
Foundation Dimensions:
35X29
Handicap Accessible:
None
Heating System:
Forced Air
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.22
Geolocation:
44.872135, -93.286202
Lot Dimensions:
128 x 75
Schools
School District:
280
District Phone:
6127986010
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
None
Annual Maintenance Expense:
None
Annual Trash Expense:
None
Annual Water/Sewer Expense:
None
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$7,489
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$7,489
Income
Annual Gross Income:
None
Units
Total Units:
2
Miscellaneous
Fuel System:
Natural Gas
Sewer System:
- City Sewer - In Street
- City Sewer/Connected
Water System:
City Water/Connected
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Strata Real Estate Resources.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.