7632 Pleasant Avenue Richfield, MN 55423
For Sale MLS# 7043836
7 beds 4 baths 4,008 sq ft Multi-family
Details for 7632 Pleasant Avenue
MLS# 7043836
Description for 7632 Pleasant Avenue, Richfield, MN, 55423
Rarely available fourplex in a highly convenient Richfield location offering strong rental demand and long-term tenants. This well-maintained property features three 2-bedroom units and one 1-bedroom unit, making it an ideal addition to an investor’s portfolio, owner occupant or a great opportunity for a first-time multifamily buyer looking to build passive income.Recent capital improvements provide peace of mind, including a new boiler (2025), newer windows and a complete remodel of Unit 2 in 2024 featuring new carpet, fresh paint, new blinds, new living room windows, updated kitchen cabinets, countertops, appliances, and remodeled bathroom with tile tub/shower. The property benefits from month-to-month leases with long-term tenants and historically low turnover, helping provide consistent income and flexibility for future rent adjustments.Located in Southwest Richfield, the property offers excellent accessibility to major highways, shopping, restaurants, and parks, and is just minutes from the Mall of America and MSP Airport, making it an attractive location for renters. The neighborhood also offers strong amenities and transportation access, further supporting long-term rental demand.
Listing Information
Property Type: Multi-family, Four Plex
Status: Active
Bedrooms: 7
Bathrooms: 4
Lot Size: 0.26 Acres
Square Feet: 4,008 sq ft
Year Built: 1966
Foundation: 2,079 sq ft
Stories: 2 Stories
Subdivision: Sunset Terrace
Number Of Units Total: 4
County: Hennepin
Days On Market: 55
Construction Status: Previously Owned
School Information
District: 280 - Richfield
Additonal Room Information
Laundry: In Basement, Common Area
Interior Features
Square Footage above: 2,079 sq ft
Square Footage below: 1,929 sq ft
Basement: Concrete Block, Other
Utilities
Water: City Water/Connected
Sewer: City Sewer/Connected
Heating: Natural Gas, Boiler
Exterior / Lot Features
Parking Description: Parking Lot
Exterior: Brick/Stone, Stucco
Lot Dimensions: 75 x 122
Zoning: Residential-Multi-Family
Additional Exterior/Lot Features: Public Transit (w/in 6 blks)
Community Features
Association Amenities: Common Laundry Facility, Coin-op Laundry Owned
Driving Directions
LYNDALE TO 6TH AVENUE EAST TO PLEASANT AVENUE SOUTH
Financial Considerations
Tenant Pays: Cable T.V.,Electric
Owner Pays: Gas,Insurance,Lawn,Sewer,Taxes,Trash,Water
Gross Income: 63900
Tax/Property ID: 3402824330026
Tax Amount: 9141
Tax Year: 2026
HomeStead Description: Non-Homesteaded
A broker reciprocity listing courtesy: Eos Realty, LLC
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Edina Realty, Inc. are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail and detailed information about them includes the name of the listing brokers. Edina Realty, Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Edina Realty, Inc., a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Open House information is subject to change without notice. Information deemed reliable but not guaranteed.
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Payment Calculator
Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 7632 Pleasant Avenue
Sales History
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Tax Summary
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
Schools
Schools nearby 7632 Pleasant Avenue
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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