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Richfield, MN Multifamily Homes & Duplexes for Sale

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  • /18

    $188,700

    • 2 Beds
    • 1 Bath
    • 1,062 Sq Ft

    1125 Woodlake Ln Unit 1, Richfield, MN 55423

    This sunny, south facing unit is move-in ready! Large primary bedroom with walk-in closet. Easy to add a doorway from primary bedroom for a walk-thru bath! Second bedroom has been used as an office and features french doors to the living room (no glass) and a door off the hallway. Newer kitchen appliances. You will love relaxing on the deck off the living room. Convenient, in-unit laundry and a

    Kimberly Hoelke Bridge Realty, LLC

    1125 Woodlake Ln Unit 1, Richfield, MN 55423
  • /27

    $515,000

    • 6 Beds
    • 4 Baths
    • 3,452 Sq Ft

    6107 Penn Ave S, Minneapolis, MN 55419

    Welcome to this spacious side by side duplex offering convenience, and recent upgrades! Highlights for unit 6107 - new stove/oven, bright kitchen, comfortable living space; Unit 6109- updated bathroom, new AC and heat. Great location with easy access to shop, school and highways. Very competitive rental rates and great opportunity for both owner-occupant and investor so come and see.

    Thanh Thao Pham Loyal Realty LLC

    6107 Penn Ave S, Minneapolis, MN 55419

Why Live in Richfield

Richfield, Minnesota, known as "The Urban Hometown," is a small city with a population of nearly 40,000, offering a blend of big-city amenities and a small-town atmosphere. Located next to the Minneapolis–Saint Paul International Airport and close to the Mall of America, Richfield is highly accessible for work and travel. The city is characterized by single-family homes, primarily bungalows and ranch-style houses built in the '50s and '60s, which sell quickly due to low inventory and competitive pricing. Richfield Public Schools provide various educational options, including charter and parochial schools. The city boasts 23 parks, with Veterans Park and Wood Lake Nature Center being standout community resources. Veterans Park features hiking and biking paths, a memorial for local veterans, and recreational facilities like swimming pools and mini golf. Wood Lake Nature Center offers walking trails and wildlife spotting, with plans for a new building to enhance its educational programs. Richfield's dining scene includes local favorites like Giordano's for deep-dish pizza and Patrick's Bakery & Café, alongside grocery stores such as Lakewinds Food Co-op and ALDI. Shopping options are plentiful, with big-box retailers along Interstate 494 and the Mall of America just a mile away. The city is safer than the national average, making it a practical choice for families. Richfield also hosts community events like the Richfield Farmers Market and offers resources like the Augsburg Park Library, fostering a close-knit community atmosphere.

Home Trends in Richfield, MN

Housing Trends

Median Sale Price
$367,500
Median Single Family Sale Price
$370,000
Median Townhouse Sale Price
$449,450
Average Price Per Sq Ft
$218
Number of Homes for Sale
68
Last 12 months Home Sales
370
Months of Supply
2.20
Median List Price
$355,700
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
5%
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