Updated Side-by-Side
New
For Sale
$494,900
305 Jackson Avenue N, Hopkins, MN 55343
MULTI_FAMILY - Hopkins, MN
Property Size3,331 SF
Lot Size0.18 Acres
Price / SF$148.57
Days on Market4
Property Features for 305 Jackson Avenue N
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Residential-Multi-Family
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 2, Bedroom 5, Bathroom 1, Basement, Bedroom 3, Bedroom 4, Bedroom 1, Bedroom 6
Parking features
Driveway, Garage - Attached
Exterior features
Brick/Stone, Wood
Subdivision
Stevens Oakwood Park
Lot features
Public Transit (w/in 6 blks), Tree Coverage - Medium
High school district
Hopkins
Directions
Excelsior Blvd. between Hyw. 100 and Hyw. 169 then North on Jackson Avenue to Property on right north of 2nd Street NE.
Standard status
Active
APN
1911721240069
Size
3,331 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
9142
Utilities
Heating system
Forced Air
Amenities
private entrance
private yard
deck
attached garage
Building Details
Year built
1967
Building materials
Block
Listing Agency:
Chestnut Realty Inc
(952) 448-3344
Listed By:
Chad M Haasken
(952) 448-4925
Added: Jul 27
Changed: Jul 30
Last Checked: Jul 30 at 5:06PM
MLS# 7116520
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 updated side-by-side duplex offers spacious 3-bedroom living in each unit, with its own private entrance. Each side includes a yard and a deck, along with an attached garage. Separate utilities for both units provide added convenience and can help simplify operating costs.
The property is located in Hopkins, Minnesota, and is described as being just minutes from shopping, parks, scenic trails, and Meadowbrook Golf Course, with dining, entertainment, and amenities available in Downtown Hopkins.
With two independently served units and private outdoor space, the layout is well suited for owner-occupants or investors seeking a duplex configured for separate residency.
The property is located in Hopkins, Minnesota, and is described as being just minutes from shopping, parks, scenic trails, and Meadowbrook Golf Course, with dining, entertainment, and amenities available in Downtown Hopkins.
With two independently served units and private outdoor space, the layout is well suited for owner-occupants or investors seeking a duplex configured for separate residency.
Key Highlights
- Updated side‑by‑side duplex with two private entrances, each with its own yard, deck, and attached garage
- Separate utilities for each unit
- 3‑bedroom layout per unit (6 total bedrooms across the duplex) with 2 bathrooms listed
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 | $66.0k | $19.80 |
| − Vacancy | −$4.3k | −$1.29 |
| EGI | $61.7k | $18.51 |
| − OpEx | −$18.5k | −$5.55 |
| NOI | $43.2k | $12.96 |
3,331 SF · lease $19.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$616.7K
$539.6K – $719.5K
NOI $43,167 @ 7.0% cap · market cap 8.72%
Second Best
Apartment 5plus
$556.2K
$486.7K – $648.9K
NOI $38,934 @ 7.0% cap · market cap 7.87%
Theoretical Best
Office A
$794.7K
$695.4K – $927.2K
NOI $55,630 @ 7.0% cap · market cap 11.24%
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Updated 3-bedroom units each feature private entrance, yard and deck, plus an attached garage and separate utilities.
Where is this duplex located?
The property is located at 305 Jackson Avenue N Hopkins, MN.
What is the asking price?
The asking price for this property is $494,900.
What are key features of this property?
This property features: Updated side‑by‑side duplex with two private entrances, each with its own yard, deck, and attached garage; Separate utilities for each unit; 3‑bedroom layout per unit (6 total bedrooms across the duplex) with 2 bathrooms listed
