5347 4th St NE

Overpriced

44 photos

Photos courtesy of Labelle Real Estate Group Inc - Broker, via Realtor.com.

Asking price: $469,900
Monthly cash flow: −$610
Estimated rent: $3,850/mo
Break-even price: $355,235

Adjust the numbers See the full breakdown

From the listing

Turn-key triplex investment opportunity with strong, consistent rental income. Each unit offers a private exterior entrance for added tenant appeal. Unit #2 features 2 beds, 1 bath with in-unit laundry, while Units #1 & #3 1 bed, 1 bath and each unit includes their own washers and dryers in a shared laundry space. Well-maintained property with a roof under 10 years old and solid overall condition. Detached 2-car garage adds value, tenant parking and/or storage. Located in a high-demand rental area near highways, parks, shopping, and dining. Leases in place will transfer with sale. 24-hour notice required for showings. Quick closing available.

Listing courtesy of Labelle Real Estate Group Inc - Broker (Amy Tyler (Foss)). Description from Realtor.com, MLS #7054412. Believed reliable but not guaranteed; confirm with the listing agent. View on Realtor.com ↗

The numbers

Edit rents, costs and assumptions

Default: 20% down (no PMI), offer at asking, self-managed, 7.00% for 30 years, buyer pays closing costs (3%).

The deal

Price: $469,900
Cash to close: $108,077
Price per unit: $156,633
GRM: 10.2

Each month

Cash flow: −$610/mo
Cash-on-cash: −6.8%
Cap rate: 4.8%
DSCR: 0.76×

Break-even

Price that breaks even: $355,235
Rent that breaks even: $4,632/mo

Long run

Year 30: property vs stocks: $1.33M vs $1.08M
Cash flow turns positive: year 12

Monthly

Monthly breakdown

Rent	$3,850
Vacancy (6%)	−$231
Collected	$3,619
Property tax Listing	−$517
Insurance Estimate	−$281
Water, sewer, trash Estimate	−$255
Lawn care ($120 × 6 mo ÷ 12)	−$60
Repairs (8% of rent)	−$308
Capital reserve (8% of rent)	−$308
Net operating income	$1,891
Mortgage (principal + interest)	−$2,501
Cash flow	−$610
Principal paid down (equity, not cash)	$318

Cash flow each year

Rents +3%/yr, costs +3.5%/yr. Red bars are months you'd cover out of pocket.

30 years

How those totals add up

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,140,571
Minus 6% selling cost	−$68,434
Minus loan still owedTenants' rent paid down all $422,910 of principal by year 30	$0
Plus rental profits, invested at 7%$106,259 of profit by year 30, before investment growth	$144,964
What you'd walk away with	$1,217,100
If you put the same money in stocks
Cash to close ($61,087) invested at 7%	$465,010
Monthly shortfalls ($106,459 total by yr 30) investedThe money you'd have put into the building while it lost money	$577,518
What you'd walk away with	$1,042,528
Building minus stocks	$174,572

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,140,571
Minus 6% selling cost	−$68,434
Minus loan still owedTenants' rent paid down all $422,910 of principal by year 30	$0
Plus rental profits, invested at 7%$20,431 of profit by year 30, before investment growth	$23,101
What you'd walk away with	$1,095,238
If you put the same money in stocks
Cash to close ($61,087) invested at 7%	$465,010
Monthly shortfalls ($206,580 total by yr 30) investedThe money you'd have put into the building while it lost money	$962,296
What you'd walk away with	$1,427,306
Building minus stocks	−$332,068

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,116,298
Minus 6% selling cost	−$66,978
Minus loan still owedTenants' rent paid down all $413,910 of principal by year 30	$0
Plus rental profits, invested at 7%$117,037 of profit by year 30, before investment growth	$163,020
What you'd walk away with	$1,212,340
If you put the same money in stocks
Cash to close ($59,787) invested at 7%	$455,114
Monthly shortfalls ($95,412 total by yr 30) investedThe money you'd have put into the building while it lost money	$525,961
What you'd walk away with	$981,074
Building minus stocks	$231,266

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,116,298
Minus 6% selling cost	−$66,978
Minus loan still owedTenants' rent paid down all $413,910 of principal by year 30	$0
Plus rental profits, invested at 7%$25,524 of profit by year 30, before investment growth	$29,423
What you'd walk away with	$1,078,743
If you put the same money in stocks
Cash to close ($59,787) invested at 7%	$455,114
Monthly shortfalls ($189,848 total by yr 30) investedThe money you'd have put into the building while it lost money	$899,005
What you'd walk away with	$1,354,119
Building minus stocks	−$275,376

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,140,571
Minus 6% selling cost	−$68,434
Minus loan still owedTenants' rent paid down all $375,920 of principal by year 30	$0
Plus rental profits, invested at 7%$169,036 of profit by year 30, before investment growth	$258,290
What you'd walk away with	$1,330,426
If you put the same money in stocks
Cash to close ($108,077) invested at 7%	$822,710
Monthly shortfalls ($44,004 total by yr 30) investedThe money you'd have put into the building while it lost money	$254,690
What you'd walk away with	$1,077,400
Building minus stocks	$253,026

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,140,571
Minus 6% selling cost	−$68,434
Minus loan still owedTenants' rent paid down all $375,920 of principal by year 30	$0
Plus rental profits, invested at 7%$54,173 of profit by year 30, before investment growth	$68,414
What you'd walk away with	$1,140,550
If you put the same money in stocks
Cash to close ($108,077) invested at 7%	$822,710
Monthly shortfalls ($115,090 total by yr 30) investedThe money you'd have put into the building while it lost money	$571,455
What you'd walk away with	$1,394,165
Building minus stocks	−$253,615

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,116,298
Minus 6% selling cost	−$66,978
Minus loan still owedTenants' rent paid down all $367,920 of principal by year 30	$0
Plus rental profits, invested at 7%$181,399 of profit by year 30, before investment growth	$282,988
What you'd walk away with	$1,332,308
If you put the same money in stocks
Cash to close ($105,777) invested at 7%	$805,202
Monthly shortfalls ($37,206 total by yr 30) investedThe money you'd have put into the building while it lost money	$219,057
What you'd walk away with	$1,024,259
Building minus stocks	$308,049

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,116,298
Minus 6% selling cost	−$66,978
Minus loan still owedTenants' rent paid down all $367,920 of principal by year 30	$0
Plus rental profits, invested at 7%$61,727 of profit by year 30, before investment growth	$79,607
What you'd walk away with	$1,128,927
If you put the same money in stocks
Cash to close ($105,777) invested at 7%	$805,202
Monthly shortfalls ($103,484 total by yr 30) investedThe money you'd have put into the building while it lost money	$522,317
What you'd walk away with	$1,327,519
Building minus stocks	−$198,592

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,140,571
Minus 6% selling cost	−$68,434
Minus loan still owedTenants' rent paid down all $352,425 of principal by year 30	$0
Plus rental profits, invested at 7%$206,831 of profit by year 30, before investment growth	$336,377
What you'd walk away with	$1,408,514
If you put the same money in stocks
Cash to close ($131,572) invested at 7%	$1,001,560
Monthly shortfalls ($25,527 total by yr 30) investedThe money you'd have put into the building while it lost money	$155,592
What you'd walk away with	$1,157,152
Building minus stocks	$251,362

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,140,571
Minus 6% selling cost	−$68,434
Minus loan still owedTenants' rent paid down all $352,425 of principal by year 30	$0
Plus rental profits, invested at 7%$77,857 of profit by year 30, before investment growth	$104,675
What you'd walk away with	$1,176,811
If you put the same money in stocks
Cash to close ($131,572) invested at 7%	$1,001,560
Monthly shortfalls ($82,502 total by yr 30) investedThe money you'd have put into the building while it lost money	$430,531
What you'd walk away with	$1,432,091
Building minus stocks	−$255,280

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,116,298
Minus 6% selling cost	−$66,978
Minus loan still owedTenants' rent paid down all $344,925 of principal by year 30	$0
Plus rental profits, invested at 7%$219,941 of profit by year 30, before investment growth	$365,459
What you'd walk away with	$1,414,779
If you put the same money in stocks
Cash to close ($128,772) invested at 7%	$980,245
Monthly shortfalls ($20,673 total by yr 30) investedThe money you'd have put into the building while it lost money	$128,114
What you'd walk away with	$1,108,359
Building minus stocks	$306,420

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,116,298
Minus 6% selling cost	−$66,978
Minus loan still owedTenants' rent paid down all $344,925 of principal by year 30	$0
Plus rental profits, invested at 7%$86,394 of profit by year 30, before investment growth	$118,576
What you'd walk away with	$1,167,896
If you put the same money in stocks
Cash to close ($128,772) invested at 7%	$980,245
Monthly shortfalls ($73,076 total by yr 30) investedThe money you'd have put into the building while it lost money	$387,871
What you'd walk away with	$1,368,117
Building minus stocks	−$200,221

Future dollars. At 3% inflation, divide year-30 figures by about 2.4 for today's buying power. Rental profits are assumed invested, not spent.

30 years: this property vs. the same money in stocks

This propertyStocks at 7%

Year 30 (loan paid off): property $1.33M, stocks $1.08M. The property wins.

Comparable rentals

The closest rental listings with each unit's bedroom count, as of 2026-10-04. The estimate is the median asking rent of every rental we found nearby (the count is shown for each); houses are left out. Asking rents from Realtor.com rental listings, not signed leases.

2 bed estimate $1,500/mo · range $1,375–$2,075 · 11 rentals within 1.5 mi

Address	Rent	Bd / Ba	Sq ft	Distance	Listed	Type
5451 5th St NE, Fridley	$1,235	2 / 1	950	0.2 mi	2025-07-22	Apartment
5460 7th St NE, Fridley	$1,150	2 / 1	775	0.2 mi	2025-07-01	Apartment
995 Lynde Dr NE, Fridley	$1,425	2 / 1	735	0.8 mi	2025-06-24	Apartment
1230 Cheri Ln NE, Fridley	$1,450	2 / 1.5	900	0.9 mi	2025-07-01	Apartment
6000 Main St NE, Fridley	$2,376	2 / 2	1,068	0.9 mi	2024-04-12	Apartment
5750 E River Rd, Fridley	$1,410	2 / 1	900	0.9 mi	2024-04-12	Apartment
6060 Main St NE, Fridley	$2,210	2 / 2	1,030	0.9 mi	2024-06-11	Apartment
6111 Star Ln NE, Fridley	$1,390	2 / 1	—	0.9 mi	2025-12-06	Apartment
5960 Anna Ave NE Apt 303, Fridley	$1,290	2 / 1	—	1.0 mi	2026-05-30	Apartment
6401 Camden Ave N, Brooklyn Center	$1,489	2 / 1	950	1.4 mi	2026-02-18	Apartment

1 bed estimate $1,175/mo · range $1,125–$1,275 · 19 rentals within 1.5 mi

Address	Rent	Bd / Ba	Sq ft	Distance	Listed	Type
5290 3rd St NE, Fridley	$1,160	1 / 1	700	0.2 mi	2024-04-12	Apartment
1120 52nd Ave NE, Fridley	$1,020	1 / 1	745	0.8 mi	2024-04-26	Apartment
995 Lynde Dr NE, Fridley	$1,295	1 / 1	635	0.8 mi	2025-06-24	Apartment
1230 Cheri Ln NE, Fridley	$1,225	1 / 1	750	0.9 mi	2025-07-01	Apartment
5750 E River Rd, Fridley	$1,140	1 / 1	600	0.9 mi	2024-04-12	Apartment
4621 University Ave NE Apt 201, Minneapolis	$1,225	1 / 1	700	0.9 mi	2023-03-27	Apartment
5950 E River Rd, Fridley	$1,050	1 / 1	535	0.9 mi	2026-06-05	Apartment
191 Island Park Dr NE, Fridley	$1,050	1 / 1	500	1.0 mi	2026-06-05	Apartment
5960 Anna Ave NE Apt 307, Fridley	$1,100	1 / 1	700	1.0 mi	2026-06-09	Apartment
5960 Anna Ave NE Apt 205, Fridley	$1,150	1 / 1	700	1.0 mi	2026-08-29	Apartment

On the maps, this property and comparable rentals. Comparable rentals and rent estimate: Realtor.com rental listings. Rents are asking rents from listings; check them against the actual leases.

Red flags and opportunities

Watch for

mediumCouldn't match this address to a county parcel record, so taxes and unit count are unverified. Public record: County parcels: no match for 5347 4TH ST NE

Opportunities

Long time on market: room to negotiate. Based on: Listing data: 171 days on market

Questions for the agent

Can we see the current leases and a rent roll, with move-in dates?
What did water/sewer/trash, heat and electric cost the owner over the last 12 months?
How old are the roof, boiler or furnaces, water heaters and electrical panels?
Is the building licensed as a rental for this many units, and when was the last city inspection?
Any special assessments pending, and will the seller pay them off at closing?

Standard questions worth asking about any building.

What the records say

Where each number comes from

Property tax / yr Listinglisting, tax year 2026. The tax the listing states. If the seller lives there it may be at the lower homestead rate; an investor owner pays the non-homestead rate, often 20–40% more on the owner's unit.	$6,200
Insurance / yr Estimateestimate. from units, square feet and age; get a quote	$3,368
Water, sewer, trash / mo Estimateestimate. $85/unit/mo, owner-paid	$255
Heat / mo Assumptionassumption. tenants pay heat; confirm with the agent	$0
Lawn care / mo Assumptionassumption. $120/mo for 6 months, spread over 12; no snow removal	$60
Repairs / capital reserve Rulerule. base rate	8% / 8%

Status history

2026-04-17Price increase at $469,900 (was $459,900) · from listing history
2026-04-17New at $469,900

From the listing Listing

Listed as	triplex
Property tax, 2026	$6,200
County	Anoka
Parcel number	233024340055

As the listing states it (NorthstarMLS, via Realtor.com). We don't have county records here yet; check the tax, homestead status and special assessments with the county.

Crime, rental-license and vacant-building records are only available for St. Paul and Minneapolis so far. Check with Fridley on rental licensing before you buy.

Nearest highway

I 694, about 328 m away.