For Sale: Brooklyn Center MLS# 7131870
Active
$625,000
Multi-family: Fourplex
8 br • 4 ba • Built 1964
3,654 sqft • 0.28 acres
Robbinsdale schools
MLS# 7131870
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Property Description
Turnkey Fourplex in Prime Location!
A rare opportunity to own a well-maintained fourplex with multiple income streams in place. Units have been remodeled & updated throughout, offering tenant appeal & reduced near-term capital needs for the next owner.
2 of the 4 units are established, income-producing Airbnb rentals with room to raise nightly rates — a built-in upside for an investor looking to maximize returns. Beyond rent, the building generates bonus income from owned coin-op laundry & garage rentals, adding steady, low-effort cash flow month after month.
Parking is a standout feature: four private garages plus additional off-street parking, a major draw for tenants and short-term guests alike. A newer roof on the apartment building and garage means one less capital expenditure. An on-site caretaker adds convenience and helps keep operations running smoothly.
Location seals the deal — an easy walk to coffee and parks, with quick access to major highways for tenants commuting or exploring the metro.
Multiple income sources, recent updates, and a location that works for renters & guests alike — this is a fourplex that checks every box for a savvy buyer.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$625,000
Price per sq ft:
$171
Property Type:
Multi-family
City:
Brooklyn Center
Garage Spaces:
4
County:
Hennepin
Year Built:
1964
State:
MN
Property Style:
Fourplex
Zip Code:
55429
Subdivision Name:
Lake Breeze Add
Interior
Bedrooms:
8
Bathrooms:
4
Finished Area:
3,654 ft2
Living Area:
3,654 ft2
Refrigerators:
Four
Basement Details:
- Daylight/Lookout Windows
- Finished
- Full
Exterior
Stories:
Two
Garage Spaces:
4
Garage Size:
1,000 ft2
Foundation Size:
1,827 ft2
Fencing:
Chain Link
Handicap Accessible:
None
Heating System:
Boiler
Parking Features:
- Asphalt
- Detached Garage
- More Parking Onsite for Fee
- Shared Driveway
Shared Amenities:
Coin-op Laundry Owned
Road Frontage:
- City Street
- Paved Streets
Pool:
None
Roof Details:
- Age 8 Years or Less
- Asphalt
- Pitched
Rooms
Laundry:
- Common Area
- Laundry Room
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.28
Geolocation:
45.043351, -93.334696
Lot Dimensions:
56 x 210
Zoning:
Residential-Multi-Family
Lot Description:
Corner Lot
Schools
School District:
281
District Phone:
7635048000
Expenses
Annual Caretaker Expense:
$2,700
Annual Electric Expense:
$720
Annual Fuel Expense:
$2,940
Annual Insurance Expense:
$3,934
Annual Maintenance Expense:
$503
Annual Trash Expense:
$1,267
Annual Water/Sewer Expense:
$3,360
Tenant Expenses:
Broadband, Cable TV, Electricity, Telephone
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$10,030
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$10,129
Income
Annual Gross Income:
$81,241
Misc. Monthly Income:
$255
Units
Total Units:
4
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
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 Rize Realty.
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.