5419 4th St NE

Fridley, MN · View the listing ↗

17 photos

Photos courtesy of RE/MAX ADVANTAGE PLUS, via Realtor.com.

Asking price: $569,000
Monthly cash flow: −$255
Estimated rent: $5,475/mo
Break-even price: $521,027

Adjust the numbers See the full breakdown

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: $569,000
Cash to close: $130,870
Price per unit: $142,250
GRM: 8.7

Each month

Cash flow: −$255/mo
Cash-on-cash: −2.3%
Cap rate: 5.8%
DSCR: 0.92×

Break-even

Price that breaks even: $521,027
Rent that breaks even: $5,802/mo

Long run

Year 30: property vs stocks: $2.09M vs $1.04M
Cash flow turns positive: year 5

Monthly

Monthly breakdown

Rent	$5,475
Vacancy (6%)	−$328
Collected	$5,146
Property tax Listing	−$700
Insurance Estimate	−$398
Water, sewer, trash Estimate	−$340
Lawn care ($120 × 6 mo ÷ 12)	−$60
Repairs (8% of rent)	−$438
Capital reserve (8% of rent)	−$438
Net operating income	$2,773
Mortgage (principal + interest)	−$3,028
Cash flow	−$255
Principal paid down (equity, not cash)	$385

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	$1,381,112
Minus 6% selling cost	−$82,867
Minus loan still owedTenants' rent paid down all $512,100 of principal by year 30	$0
Plus rental profits, invested at 7%$317,965 of profit by year 30, before investment growth	$522,831
What you'd walk away with	$1,821,077
If you put the same money in stocks
Cash to close ($73,970) invested at 7%	$563,079
Monthly shortfalls ($49,385 total by yr 30) investedThe money you'd have put into the building while it lost money	$308,115
What you'd walk away with	$871,194
Building minus stocks	$949,883

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,381,112
Minus 6% selling cost	−$82,867
Minus loan still owedTenants' rent paid down all $512,100 of principal by year 30	$0
Plus rental profits, invested at 7%$129,742 of profit by year 30, before investment growth	$177,841
What you'd walk away with	$1,476,087
If you put the same money in stocks
Cash to close ($73,970) invested at 7%	$563,079
Monthly shortfalls ($125,597 total by yr 30) investedThe money you'd have put into the building while it lost money	$683,608
What you'd walk away with	$1,246,687
Building minus stocks	$229,400

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,356,840
Minus 6% selling cost	−$81,410
Minus loan still owedTenants' rent paid down all $503,100 of principal by year 30	$0
Plus rental profits, invested at 7%$333,772 of profit by year 30, before investment growth	$558,043
What you'd walk away with	$1,833,473
If you put the same money in stocks
Cash to close ($72,670) invested at 7%	$553,183
Monthly shortfalls ($43,367 total by yr 30) investedThe money you'd have put into the building while it lost money	$273,714
What you'd walk away with	$826,897
Building minus stocks	$1,006,576

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,356,840
Minus 6% selling cost	−$81,410
Minus loan still owedTenants' rent paid down all $503,100 of principal by year 30	$0
Plus rental profits, invested at 7%$140,520 of profit by year 30, before investment growth	$195,897
What you'd walk away with	$1,471,326
If you put the same money in stocks
Cash to close ($72,670) invested at 7%	$553,183
Monthly shortfalls ($114,549 total by yr 30) investedThe money you'd have put into the building while it lost money	$632,051
What you'd walk away with	$1,185,233
Building minus stocks	$286,093

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,381,112
Minus 6% selling cost	−$82,867
Minus loan still owedTenants' rent paid down all $455,200 of principal by year 30	$0
Plus rental profits, invested at 7%$426,931 of profit by year 30, before investment growth	$788,124
What you'd walk away with	$2,086,369
If you put the same money in stocks
Cash to close ($130,870) invested at 7%	$996,216
Monthly shortfalls ($6,708 total by yr 30) investedThe money you'd have put into the building while it lost money	$45,271
What you'd walk away with	$1,041,487
Building minus stocks	$1,044,882

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,381,112
Minus 6% selling cost	−$82,867
Minus loan still owedTenants' rent paid down all $455,200 of principal by year 30	$0
Plus rental profits, invested at 7%$206,527 of profit by year 30, before investment growth	$317,430
What you'd walk away with	$1,615,676
If you put the same money in stocks
Cash to close ($130,870) invested at 7%	$996,216
Monthly shortfalls ($50,738 total by yr 30) investedThe money you'd have put into the building while it lost money	$295,061
What you'd walk away with	$1,291,276
Building minus stocks	$324,400

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,356,840
Minus 6% selling cost	−$81,410
Minus loan still owedTenants' rent paid down all $447,200 of principal by year 30	$0
Plus rental profits, invested at 7%$443,910 of profit by year 30, before investment growth	$834,154
What you'd walk away with	$2,109,583
If you put the same money in stocks
Cash to close ($128,570) invested at 7%	$978,708
Monthly shortfalls ($4,526 total by yr 30) investedThe money you'd have put into the building while it lost money	$30,969
What you'd walk away with	$1,009,677
Building minus stocks	$1,099,906

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,356,840
Minus 6% selling cost	−$81,410
Minus loan still owedTenants' rent paid down all $447,200 of principal by year 30	$0
Plus rental profits, invested at 7%$219,014 of profit by year 30, before investment growth	$342,575
What you'd walk away with	$1,618,004
If you put the same money in stocks
Cash to close ($128,570) invested at 7%	$978,708
Monthly shortfalls ($44,064 total by yr 30) investedThe money you'd have put into the building while it lost money	$259,874
What you'd walk away with	$1,238,582
Building minus stocks	$379,422

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,381,112
Minus 6% selling cost	−$82,867
Minus loan still owedTenants' rent paid down all $426,750 of principal by year 30	$0
Plus rental profits, invested at 7%$489,156 of profit by year 30, before investment growth	$963,045
What you'd walk away with	$2,261,290
If you put the same money in stocks
Cash to close ($159,320) invested at 7%	$1,212,784
Monthly shortfalls ($793 total by yr 30) investedThe money you'd have put into the building while it lost money	$5,639
What you'd walk away with	$1,218,424
Building minus stocks	$1,042,866

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,381,112
Minus 6% selling cost	−$82,867
Minus loan still owedTenants' rent paid down all $426,750 of principal by year 30	$0
Plus rental profits, invested at 7%$252,864 of profit by year 30, before investment growth	$414,179
What you'd walk away with	$1,712,425
If you put the same money in stocks
Cash to close ($159,320) invested at 7%	$1,212,784
Monthly shortfalls ($28,935 total by yr 30) investedThe money you'd have put into the building while it lost money	$177,257
What you'd walk away with	$1,390,041
Building minus stocks	$322,384

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,356,840
Minus 6% selling cost	−$81,410
Minus loan still owedTenants' rent paid down all $419,250 of principal by year 30	$0
Plus rental profits, invested at 7%$506,520 of profit by year 30, before investment growth	$1,015,345
What you'd walk away with	$2,290,775
If you put the same money in stocks
Cash to close ($156,520) invested at 7%	$1,191,470
Monthly shortfalls ($194 total by yr 30) investedThe money you'd have put into the building while it lost money	$1,379
What you'd walk away with	$1,192,849
Building minus stocks	$1,097,926

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,356,840
Minus 6% selling cost	−$81,410
Minus loan still owedTenants' rent paid down all $419,250 of principal by year 30	$0
Plus rental profits, invested at 7%$266,037 of profit by year 30, before investment growth	$443,523
What you'd walk away with	$1,718,952
If you put the same money in stocks
Cash to close ($156,520) invested at 7%	$1,191,470
Monthly shortfalls ($24,145 total by yr 30) investedThe money you'd have put into the building while it lost money	$150,040
What you'd walk away with	$1,341,510
Building minus stocks	$377,442

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 $2.09M, stocks $1.04M. 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 $1,450/mo · range $1,325–$2,025 · 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	0.1 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
6000 Main St NE, Fridley	$2,376	2 / 2	1,068	0.8 mi	2024-04-12	Apartment
1230 Cheri Ln NE, Fridley	$1,450	2 / 1.5	900	0.9 mi	2025-07-01	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
6530 University Ave NE, Fridley	$1,988	2 / 2	954	1.4 mi	2025-09-29	Apartment

1 bed estimate $1,125/mo · range $1,075–$1,225 · 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
995 Lynde Dr NE, Fridley	$1,295	1 / 1	635	0.8 mi	2025-06-24	Apartment
1120 52nd Ave NE, Fridley	$1,020	1 / 1	745	0.9 mi	2024-04-26	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
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	0.9 mi	2026-06-05	Apartment
4621 University Ave NE Apt 201, Minneapolis	$1,225	1 / 1	700	1.0 mi	2023-03-27	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 5419 4TH ST NE

Opportunities

None found.

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 2025. 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.	$8,394
Insurance / yr Estimateestimate. from units, square feet and age; get a quote	$4,774
Water, sewer, trash / mo Estimateestimate. $85/unit/mo, owner-paid	$340
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

2026-09-29New at $569,000

From the listing Listing

Listed as	four plex
Property tax, 2025	$8,394
County	Anoka
Parcel number	233024340019

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 227 m away.