Side-by-Side Duplex for
For Sale
$450,000
508 Shadyside Circle, Hopkins, MN 55343
MULTI_FAMILY - Hopkins, MN
Property Size2,548 SF
Lot Size0.18 Acres
Price / SF$176.61
Days on Market196
Property Features for 508 Shadyside Circle
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Residential-Multi-Family
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 2, Bedroom 6, Bathroom 1, Basement, Bedroom 1, Bedroom 5, Bathroom 4, Bedroom 2, Bedroom 4, Bathroom 3, Bedroom 3
Parking features
Driveway, Garage - Detached
Exterior features
Brick/Stone, Fiber Board
Subdivision
Meaths Add
Lot features
Tree Coverage - Light
High school district
Hopkins
Directions
Continue onto MN-100 S. Exit onto MN-7 W, Merge onto MN-7 W. Use the 2nd from the left lane to turn left onto Blake Rd N, Turn right toward 2nd St NE, Continue onto 2nd St NE, Turn right onto Van Buren Ave N, Turn left onto Shadyside Cir
Standard status
Active
APN
1911721240011
Size
2,548 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
8685
Utilities
Heating system
Forced Air
Building Details
Year built
1968
Listing Agency:
RE/MAX Advantage Plus · RE/MAX International
(763) 755-1100
Listed By:
Brian Leneweaver
(952) 226-7700
Added: Jan 15
Changed: Jul 28
Last Checked: Jul 30 at 12:06PM
MLS# 7006664
Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This for-sale side-by-side duplex includes two units configured to share the same lot footprint. Each unit features three bedrooms and two bathrooms, along with an unfinished basement that can support future build-out or storage needs. The total property size is listed as 2,548 square feet, situated on a 0.18-acre lot.
The property is located at 508 Shadyside Circle in Hopkins, Minnesota 55343, in Hennepin County. The listing remarks note proximity to schools, parks, and everyday conveniences.
For practical planning, the duplex layout offers flexible occupancy options, including living in one unit while renting the other, or leasing both units.
The property is located at 508 Shadyside Circle in Hopkins, Minnesota 55343, in Hennepin County. The listing remarks note proximity to schools, parks, and everyday conveniences.
For practical planning, the duplex layout offers flexible occupancy options, including living in one unit while renting the other, or leasing both units.
Key Highlights
- Side‑by‑side duplex built in 1968 in Hopkins, MN
- Each unit offers 3 bedrooms and 2 bathrooms
- Each unit spans over 1,200 sq ft and includes an unfinished basement
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $50.5k | $19.80 |
| − Vacancy | −$3.3k | −$1.29 |
| EGI | $47.2k | $18.51 |
| − OpEx | −$14.2k | −$5.55 |
| NOI | $33.0k | $12.96 |
2,548 SF · lease $19.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$471.7K
$412.8K – $550.3K
NOI $33,020 @ 7.0% cap · market cap 7.34%
Second Best
Apartment 5plus
$425.5K
$372.3K – $496.4K
NOI $29,782 @ 7.0% cap · market cap 6.62%
Theoretical Best
Office A
$607.9K
$531.9K – $709.2K
NOI $42,553 @ 7.0% cap · market cap 9.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
781
Businesses Nearby
Explore this area
Business Placement
Demographics for 55343, MN
26,307
Population
14,111
Households
1.9
Avg Household Size
38
Median Age
52%
College-Educated
97%
High-School Grad
7.7 sq mi
ZIP Area
3,416
Density / Sq Mi
$82,415
Median Household Income
$54,823
Median Earnings
$1,427
Median Rent
$350,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Side-by-side duplex with two units, each offering three bedrooms, two bathrooms, and an unfinished basement.
Where is this duplex located?
The property is located at 508 Shadyside Circle Hopkins, MN.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Side‑by‑side duplex built in 1968 in Hopkins, MN; Each unit offers 3 bedrooms and 2 bathrooms; Each unit spans over 1,200 sq ft and includes an unfinished basement
