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Richfield Multifamily Homes & Duplexes for Sale

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  • /22

    $599,900

    • 6 Beds
    • 4 Baths
    • 3,008 Sq Ft

    7007 Portland Ave, Richfield, MN 55423

    Turnkey Investment - Must See! Spacious, move-in ready bungalow in a prime location. Minutes away from the airport, Mall of America, Woodlake Nature Center, pools, ice arena, and 100+ parks and trails. Bus stop tight outside for easy city access. Large backyard wit Trex deck--great for entertaining. Close to shopping and highways. Perfect as a rental or owner-occupied property.

    Ashton Sivilay Bridge Realty, LLC

    7007 Portland Ave, Richfield, MN 55423
  • /2

    $400,000

    • 2 Beds
    • 1 Bath
    • 2,250 Sq Ft

    321 W 74th St, Richfield, MN 55423

    Discover the potential of this duplex located at 321-323 74th St W, Richfield. The main level features 2 bedrooms and 1 bathroom, while the upper unit offers 3 bedrooms and 1 bathroom, providing ample living space. The current rent is below market value, and both units are on the month-to-month lease, offering flexibility for new owners.This property promises excellent cash flow potential,

    Aileen Chan Edina Realty, Inc.

    321 W 74th St, Richfield, MN 55423

Why Live in Richfield

Richfield, known as "The Urban Hometown," is an inner-ring suburb adjacent to the Minneapolis–Saint Paul International Airport and the Mall of America. This neighborhood, with a population of nearly 40,000, features single-family homes on gridded streets, primarily built in the '50s and '60s, including bungalows and ranch-style houses. Richfield is surrounded by major thoroughfares, making it highly accessible for work and travel within the metro area. The neighborhood offers a small-town atmosphere with big-city amenities, including fine dining, retail shopping, and various attractions. Local highlights include Veterans Park, which features hiking and biking paths, a memorial for veterans, swimming pools, mini golf, and a year-round ice rink. The Wood Lake Nature Center provides walking trails and wildlife spotting opportunities, and it is an educational resource for local schools. Richfield's dining scene includes notable spots like Giordano's for deep-dish pizza and Patrick's Bakery & Café. Shopping options range from local grocery stores like Lakewinds Food Co-op to big-box retailers along Interstate 494 and the nearby Mall of America. The neighborhood is served by several bus routes, facilitating easy transit. While homes in Richfield sell quickly, often within 21 days, potential buyers should be aware of possible noise levels near the airport. Richfield also hosts a farmers market and community events at the Augsburg Park Library, fostering a close-knit community feel.

Home Trends in Richfield, MN

Housing Trends

Median Sale Price
$288,990
Median Single Family Sale Price
$335,449
Median Townhouse Sale Price
$1,181,850
Average Price Per Sq Ft
$215
Number of Homes for Sale
5
Last 12 months Home Sales
24
Months of Supply
2.50
Median List Price
$460,735
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-52%
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