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$624,999 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 4 Units
  • 7 Total Beds
  • Updated 2 hours ago
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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.

Full Property Details for 7632 Pleasant Ave

General

  • Price: $624,999
  • Taxes: $9,141 (2026)
  • Status: Active
  • Type: Multi-Family
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7043836
  • Updated: Today (4/10/2026)
  • Added to Site: Today

Rooms

Bathrooms

  • Total Bathrooms: 4

Bedrooms

  • Total Bedrooms: 7

Other Rooms

  • Laundry: In Basement, Common Area, In Basement, Common Area

Additional Information

  • Shared Amenities: Laundry, Coin-op Laundry Owned

Parking

  • Parking Features: Parking Lot

Location

  • County: Hennepin
  • Township: Richfield
  • Subdivision: Sunset Terrace
  • Driving Directions: LYNDALE TO 6TH AVENUE EAST TO PLEASANT AVENUE SOUTH

School Information

  • School District: 1261 - Richfield
  • High School District: Richfield

Heating & Cooling

  • Heating Type: Boiler
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: City Sewer Connected
  • Water: City Water (Connected)

Structural Information

  • Basement: Yes
  • Basement Desc.: Block, Other
  • Foundation Size: 2079
  • Disability Access: None
  • Square Feet: 4,008
  • Above Ground: 2,079 Sq. Ft.
  • Below Ground: 2,076 Sq. Ft.
  • Finished Down/Base.: 4,155 Sq. Ft.
  • Year Built: 1966

Unit Information

  • Units w/Refrigerators: 4

Lot Features

  • Lot Size (Acres): 0.26
  • Lot Dimensions: 75 x 122
  • Zoning: Residential-Multi-Family
  • Lot Description: Public Transit (w/in 6 blks)

Financial Considerations

  • Tax Amount: $9,141
  • Tax Year: 2026
  • Terms: Conventional, Cash
  • Owner Pays: Insurance, Grounds Care, Sewer, Taxes, Trash Collection, Water
  • Tenant Pays: Cable TV, Electricity, Gas
  • Pays Cable: Tenant Pays
  • Pays Electric: Tenant Pays
  • Pays Gas: Tenant Pays
  • Pays Trash: Owner Pays
  • Pays Water: Owner Pays

Disclosures and Reports

  • Legal Description: LOT 006 BLOCK 002 SUNSET TERRACE LOT 6, EXCEPT THE WEST 121.90 FEET; SUBJECT TO STREET
  • Property ID: 3402824330026

Listed by Eos Realty, LLC

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— 7632 Pleasant Ave —

  • Eos Realty, LLC

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NMLS#: 1598647

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Schools serving 7632 Pleasant Ave

School District:Richfield Public School District
NameGradesDistance
Sheridan Hills Elementary School
6400 Sheridan Ave S, Richfield, MN 55423
K-52.1 mi
Richfield Middle School
7461 Oliver Ave S, Richfield, MN 55423
6-81.1 mi
Richfield Senior High School
7001 Harriet Avenue, Richfield, MN 55423
9-120.8 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 7632 Pleasant Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/10/2026
Listed
$624,999
28.6%
MLS
4/20/2021
Sold
$486,000
—
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 7632 Pleasant Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$8,921
8%
$504,000
279%
2023
$8,240
9%
$133,000
4%
2023
$7,581
—
$128,000
16%
2023
$7,581
9%
$110,500
-71%
2020
$6,983
7%
$376,000
9%
2019
$6,523
-1%
$344,000
6%
2018
$6,605
28%
$326,000
17%
2017
$5,178
4%
$278,000
10%
2016
$5,001
16%
$252,000
15%
2015
$4,311
-6%
$220,000
5%
2014
$4,567
4%
$210,000
1%
2013
$4,406
—
$207,000
—
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 Eos Realty, LLC

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7632 Pleasant Avenue, Richfield, MN 55423 (MLS# 7043836) is a Multi-Family property with 4 units containing 7 bedrooms and 0 full bathrooms. 7632 Pleasant Avenue is currently listed for $624,999 and was received on April 10, 2026. Want to learn more about 7632 Pleasant Avenue? Do you have questions about finding other Multi-Family real estate for sale in Richfield? You can browse all Richfield real estate or contact a Coldwell Banker agent to request more information.

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