Richfield Homes with Three Or More Stories

Richfield Homes with Three Or More Stories

Welcome to Richfield, Minnesota, a vibrant city nestled in Hennepin County that beautifully balances suburban charm with urban accessibility. Known for its friendly community atmosphere, Richfield boasts a rich tapestry of parks, recreational facilities, and a diverse array of shops and restaurants that cater to all tastes. With its prime location just minutes from downtown Minneapolis, residents enjoy the best of both worlds – a peaceful neighborhood feel with the excitement of city life right at their fingertips.

Richfield is an ideal place for families and individuals alike, particularly those seeking homes with three or more stories. These spacious residences offer ample room for growing families, home offices, or even creative spaces to unleash your artistic flair. With a variety of architectural styles, from classic mid-century designs to modern builds, there’s a perfect three-story home waiting for you.

In addition to their spacious interiors, many of these homes are situated on tree-lined streets, providing a picturesque backdrop for your daily life. Richfield’s commitment to community and green spaces means you’ll find plenty of parks and trails nearby, perfect for leisurely strolls or weekend picnics with loved ones.

Whether you’re looking to settle down or invest in a property, Richfield offers a welcoming environment that prioritizes community spirit and quality of life. Explore the charm of this remarkable city and discover the perfect three-story home that suits your lifestyle!

Newest Richfield Homes with Three Or More Stories

$2,850,000
7007394 MLS
Introducing a unique investment opportunity in the heart of Richfield, Minnesota! This expansive property located at 7444 Cedar Ave boasts a total of 23 units with a combined square footage of 21,840, making it an ideal investment for those looking to expand their apartment rental portfolio. The asset sits on over 0.88 acres, on a bus route, and close to the Mall of America! Prime for a re-development opportunity! Built in 1966, this very well-maintained building features a mix of 18 spacious two-bedroom units and 5 cozy one-bedroom units, providing a variety of options for potential renters. Additionally, the property includes 10 detached garages, ensuring that tenants have ample space to park their vehicles. The exterior of the property is well-maintained and features a classic brick façade, while the interior of the units are spacious and have updated appliances. The property is conveniently located near major transportation routes, making it easy for tenants to commute to work or enjoy all that Richfield has to offer. Investors looking for a turn-key property with strong cash flow potential will appreciate the low maintenance costs and high rental demand in the area. Don't miss out on this rare opportunity to own a property that is fully occupied and turn-key in a non-rent controlled city on Minnesota! The brick exterior façade makes this property shine. There are many updates in recent years including the front and rear entryways, security cameras, newer vinyl windows (2014), brand new commercial grade water heater replaced in 2023, and a newer roof on both the building and garages replaced in 2014. In 2025 all the electrical panels were swapped out with new breakers making this asset easier to insure. PROPERTY FACTS Year Built: 1966 Square Footage: 21,840 Units: 23 Zoning: Multiple-family District Parking: 10 Garage Stalls plus plenty of off street parking Exterior: Brick Heating: Boiler Roof: Flat - New installed by All Elements, Inc. in 2014 UNIT DESCRIPTION 18 - 2 bedroom, 1 bath - Approx. 910+ Sqft. 5 - 1 bedroom, 1 bath - Approx. 750+ Sqft PROPERTY IMPROVEMENTS 2025: New Electrical Panels with Circuit Breakers 2023: New Commercial High-Efficiency Water Heater built by Bock. 2018: New Carpet in Hallways, Common Areas, Entry Way 2014: Roof - Durolast by All Elements, Inc. with 15 year warranty 2013: Windows - Installed vinyl replacement sliders by Window World, Inc. PRICE: $2,875,000 Information is deemed reliable but not guaranteed. Buyer and Buyer's agent to verify all details.

7444 Cedar Avenue S, Richfield

Listing courtesy of Apartment Cash Flow, Inc..

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