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$715,000

  • For Sale
  • Active
  • Commercial
  • 5,000 Sq. Ft.
  • 0.52 Acres
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Updated 5-Unit Multifamily Investment Property in Fridley Excellent opportunity to acquire a well-maintained and updated 5-unit residential rental property in Fridley featuring all 2-bedroom, 1-bathroom apartment homes. Each unit has been thoughtfully updated with modern kitchens and bathrooms, creating strong tenant appeal and a clean, move-in-ready rental experience. The property offers a practical unit mix with five spacious 2-bedroom apartments, six garage stalls, and multiple designated off-street parking spaces. These features provide added convenience for residents and valuable income-supporting amenities for ownership. All units have existing leases, some are month-month. Located at 1200 Norton Avenue NE in Fridley, this multifamily asset offers convenient access to major roadways, employment centers, shopping, dining, parks, and everyday services throughout the north metro. With updated interiors, garage parking, designated parking, and a desirable all-2-bedroom configuration, this property is well-positioned for an investor seeking a stabilized residential rental asset with long-term income potential. A strong addition to an investment portfolio, this 5-unit property combines updated residential living spaces, functional parking, and a location within the established Fridley rental market.

Full Property Details for 1200 Norton Ave NE

General

  • Price: $715,000
  • Taxes: $9,960 (2026)
  • Status: Active
  • Type: Commercial
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7098679
  • Updated: 6/26/2026
  • Added to Site: 37 day(s) ago

Interior

  • Appliances: Dishwasher, Range, Refrigerator

Rooms

Bathrooms

  • Total Bathrooms: 5

Bedrooms

  • Total Bedrooms: 10

Additional Information

  • Amenities: Deck, Kitchen Window, Natural Woodwork

Parking

  • Garage: Yes
  • Attached garage: Yes
  • Garage Spaces: 6
  • Parking Features: Assigned, Attached Garage, Detached Garage, Asphalt, Tuckunder Garage

Location

  • County: Anoka
  • Township: Fridley
  • Subdivision: Auditors Sub 89
  • Driving Directions: Old Hwy 65 to Norton Ave Go West Property On South Side or Road

School Information

  • School District: 16 - Spring Lake Park
  • High School District: Spring Lake Park

Heating & Cooling

  • Cooling Type: Window Unit(s)
  • Heating Type: Forced Air
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: City Sewer Connected, City Sewer in Street
  • Water: City Water (In-Street)
  • Utility Description: Electric Separate

Structural Information

  • Exterior Const.: Frame
  • Basement: Yes
  • Finished basement: Yes
  • Basement Desc.: Egress Window(s), Finished, Full, Walk-Out
  • Foundation Size: 1176
  • Disability Access: None
  • Square Feet: 5,000
  • Finished Down/Base.: 5,000 Sq. Ft.
  • Current Bldg. Use: Residential
  • Year Built: 1918

Unit Information

  • Units w/Refrigerators: 5

Lot Features

  • Lot Size (Acres): 0.52
  • Lot Dimensions: 124 x 27 x 144 x 134 x 170
  • Frontage: City Street, Cul-de-Sac, Paved Streets
  • Potential Use: Office, Income
  • Zoning: Residential-Multi-Family
  • Fencing (Description): Wood

Financial Considerations

  • Operating Expenses: $5,760
  • Tax Amount: $9,960
  • Tax Year: 2026
  • Terms: Conventional Rehab, Conventional, Cash
  • Tenant Pays: All Utilities

Disclosures and Reports

  • Legal Description: LOT 12 AUD SUB NO 89, EX E 130 FT THEREOF, SUBJ TO EASE OF REC
  • Inclusions: Leases
  • Property ID: 123024310026

Listed by Exit Realty Nexus

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— 1200 Norton Ave NE —

  • Exit Realty Nexus

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NMLS#: 1598647

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 1200 Norton Ave NE

School District:Spring Lake Park Schools
NameGradesDistance
Park Terrace Elementary School
8301 Terrace Road Northeast, Spring Lake Park, MN 55432
PK-41.7 mi
Westwood Middle School
711 91st Avenue Northeast, Blaine, MN 55434
5-83 mi
Centerview Elementary School
10365 Davenport Street Northeast, Blaine, MN 55449
PK-44.3 mi
Spring Lake Park Senior High School
1100 81st Avenue Northeast, Spring Lake Park, MN 55432
9-121.1 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1200 Norton Ave NE Get Price Alerts and Save Property

Date
Details
Price
Change
Source
6/24/2026
Listed
$715,000
85.71%
MLS
8/25/2021
Sold
$385,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1200 Norton Ave NE

Year
Property Taxes
Change
Tax Assessment
Change
2026
$13,530
56%
$661,900
5%
2025
$8,659
61%
$630,500
28%
2024
$5,391
-1%
$493,200
27%
2023
$5,471
-4%
$389,500
—
2022
$5,695
-7%
$389,200
9%
2021
$6,136
1%
$355,800
100%
2020
$6,073
-1%
-100%
2021
$6,152
24%
$382,600
51%
2018
$4,946
19%
$252,820
11%
2017
$4,171
7%
$227,680
7%
2016
$3,895
5%
$211,840
4%
2015
$3,709
-6%
$204,220
5%
2014
$3,936
—
$194,400
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Exit Realty Nexus

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1200 Norton Avenue NE, Fridley, MN 55432 (MLS# 7098679) is a Commercial property. 1200 Norton Avenue NE is currently listed for $715,000 and was received on June 24, 2026. Want to learn more about 1200 Norton Avenue NE? Do you have questions about finding other Commercial real estate for sale in Fridley? You can browse all Fridley real estate or contact a Coldwell Banker agent to request more information.

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