11 16th Avenue N, Hopkins, MN 55343
MULTI_FAMILY - Hopkins, MN
- Added:
- Jun 22, 2026
- Days on Market:
- 9
- Last Refresh:
- Jun 30 at 7:06 pm
Property Features for 11 16th Avenue N
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bedroom 4, Bathroom 3, Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 5, Bedroom 2, Basement, Bedroom 3
- Parking features
- Driveway, Garage - Detached
- Exterior features
- Cedar
- Fencing
- Chain Link
- Standard status
- Active
- APN
- 2411722320078
- Size
- 2,566 SF
- Lot size
- 0.18 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 10756
Utilities
- Heating system
- Forced Air
Building Details
- Year built
- 1956
- Building materials
- Block
- Roof type
- Shingle
Listing agent Regina M Finkelstein License #655316 (952) 829-2900
Listing office RE/MAX Results 11200 W 78th St, Eden Prairie, MN (952) 829-2900
Listing date Jun 22, 2026
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.
HighLights
- Block duplex built in 1956 with shingle roof and forced‑air heating
- Each unit includes its own washer and dryer
- Detached garage and driveway parking for the property
- Cedar exterior and chain‑link fencing
- Both sides described as in great shape; one side currently rented and one side vacant for owner occupancy
Overview
Located in Hopkins, Minnesota, the property is within walking distance to downtown Hopkins restaurants and theaters. It is also close to parks and freeways, supporting practical day-to-day access for occupants.
For tenants, this layout provides in-unit laundry and independent living on each side. For buyers, the configuration allows flexibility to occupy one unit while renting the other, while still maintaining an income component through the currently rented side. The adjacent building is also mentioned in the remarks as potentially available for sale, which may be of interest to buyers looking to expand their acquisition footprint.
Local 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 | $50.8k | $19.80 |
| − Vacancy | −$3.3k | −$1.29 |
| EGI | $47.5k | $18.51 |
| − OpEx | −$14.3k | −$5.55 |
| NOI | $33.3k | $12.96 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Hopkins
- County
- Hennepin
- State
- Minnesota
- Longitude
- -93.419917
- Latitude
- 44.924877
