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Active - Triplex for sale
Inver Grove Heights, MN
Facts & features
Why you’ll love it
Rare suburban triplex in a premier Inver Grove Heights location — an exceptional find for investors seeking stable, long-term cash flow outside the city core. This well-maintained 3-unit property sits on a spacious lot in one of the south metro's most livable communities, just minutes from the Mississippi River and surrounded by an impressive array of recreational amenities. Residents enjoy walkable access to a brand-new city park featuring a playground and splash pad, Swing Bridge Park, and a neighborhood dog park — the kind of lifestyle draw that keeps quality tenants in place year after year. The property's long-term occupancy history speaks for itself: stable residents, consistent income, and minimal turnover. With gross monthly rents of $3,420, this is a turnkey cash-flowing asset with no heavy lifting required from day one. The oversized lot offers exceptional flexibility — ample space for outdoor storage, recreational vehicles, or equipment, a rare perk in suburban multifamily that tenants genuinely value and that sets this property apart from anything comparable in the area. Triplexes in suburban locations like Inver Grove Heights almost never come to market. If you've been waiting for a multifamily opportunity that offers the stability of suburban demographics with the income profile of a true investment property, this is it. Also available is the next-door vacant lot at 7177 River Rd. Sold separately or together.
Listed by: Peritus Real Estate
Co-listed by: Peritus Real Estate
Source: Northstar MLS as distributed by MLS GRID, MLS#: 7095881
Based on information as of Jun 01, 2026 at 01:00am EDT.
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Affordability
$2,719/mo
- Mortgage$2,402
- Property tax$317
- HOA fee
- Homeowners insurance
Beycome estimates only. Actual amounts and terms vary by lender and location.
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Travel times
About Inver Grove Heights
AI-generated overview for informational purposes only.
Please verify all details independently before relying on it.
Flood & climate risk
FEMA Flood Zone X
Outside the high-risk Special Flood Hazard Area — flood insurance is usually optional but still worth considering.
More details
Source: FEMA National Flood Hazard Layer. Confirm on the FEMA Flood Map.
Fire
Storm
Air quality
Pollen
Disclaimer
Based on information submitted to the MLS GRID as of Jun 01, 2026 at 01:00am EDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
