Richfield Multifamily

The Richfield Portfolio is a collection of multifamily properties in the first-ring suburb of Richfield, MN, offering one- and two-bedroom apartment homes along with three-bedroom townhomes. Each property includes surface and garage parking, an outdoor pool, gathering spaces, and on-site laundry. Many have received recent capital improvements, including newer roofs, boilers, and decks. The properties were developed by Highland Management Group, Inc. and have been under the award-winning firm's long-term ownership and management since. They are now being offered for sale for the first time.

The portfolio sits near several major Twin Cities destinations, including Minneapolis-St. Paul International Airport and the Mall of America, with retail options such as Walmart, Sam's Club, and Target nearby. Wood Lake, Richfield Lake, Veterans Park, and the Mississippi River are a short drive away, and access to Interstates 494 and 35W and MN 77 connects residents to employers and entertainment across the metro. For investors, the portfolio presents a value-add opportunity: interior upgrades at comparable nearby properties have driven rental growth while maintaining strong occupancy, positioning these assets for continued NOI growth in a strengthening submarket.