The elucidation of mechanisms to modulate the properties of multifunctional electroactive, conductive and magnetic porous materials is desirable to aid their future application. The synthesis and characterization of a 2D mixed-valence metal-tetraoxolene coordination polymer containing a redox active dication, (PhenQ)[Fe2(can)3]·solvent (1; cann− = deprotonated 3,6-dichloro-2,5-dihydroxy-1,4-benzoquinone; PhenQ2+ = 5,6-dihydropyrazino[1,2,3,4-lmn][1,10]-phenanthrolindiium) is reported. The PhenQ2+ cation in 1 introduces additional accessible framework redox states, and effectively directs the localization of ligand valence states. Static and dynamic magnetic susceptibil-ity measurements demonstrated that the DMF solvate, 1b, undergoes spontaneous magnetization below TN = 31 K, with variable-temperature electrical conductivity measurements revealing that 1b is a modest semiconductor with a conductivity of σ295 K = 4.9 × 10−4 S cm−1 (Ea = 0.249(2) eV). In concert, these results demonstrate that introducing non-covalent interactions between anionic metal-tetraoxolene frameworks and redox active cations is an effective method to alter the electronic structure and properties of these porous frameworks. Moreover, they forecast the synthesis of new anionic metal-tetraoxolene compounds with diverse electronic and magnetic properties using this hitherto un-used strategy.