Side-by-Side
For Sale
$449,000
317 Washington Ave S, Hopkins, MN 55343
One residence has fresh paint, while the other has a new concrete sidewalk and front stoop.
Property Size1,717 SF
Price / SF$261.50
Days on Market23
Property Features for 317 Washington Ave S
General Information
Standard status
Active
Size
1,717 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,108
Building Details
Buildings
1
Listing Agency:
Rize Realty
(612) 314-5563
Listed By:
Nicholas Cruze
(612) 202-1847
Source:
Exprealty
Added: Oct 8
Changed: Oct 28
Last Checked: Oct 28 at 2:37PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Rize Realty
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Investment Insights
Based on property information with market context.
This side-by-side duplex totals 1,717 square feet. Unit 319 has fresh interior and exterior paint, and unit 317 has a new concrete sidewalk and front stoop.
The property is in Hopkins, within minutes of downtown Hopkins and Mainstreet.
The property is in Hopkins, within minutes of downtown Hopkins and Mainstreet.
Key Highlights
- Side‑by‑side duplex with 1,717 square feet
- Unit 319 has fresh interior and exterior paint
- Unit 317 has a new concrete front sidewalk and stoop
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,251
Cap Rate
4.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$445,020
$445.0K
Cap Rate 7%
$317,871
$317.9K
Cap Rate 9%
$247,233
$247.2K
Market Conditions
NOI Build-Up for 1,717 SF
Gross rent
$34.0K $19.80/SF
− Vacancy
−$2.2K −$1.29/SF
EGI
$31.8K $18.51/SF
− OpEx
−$9.5K −$5.55/SF
NOI
$22.3K $12.96/SF
Area
Hennepin County, MN
Vacancy
6.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$445,020
Cap Rate 7%
$317,871
Cap Rate 9%
$247,233
Alternative Uses
Best Use
Multifamily LT 5
$317.9K
$278.1K – $370.9K
NOI $22,251 @ 7.0% cap · market cap 4.96%
Second Best
Apartment 5plus
$286.7K
$250.9K – $334.5K
NOI $20,069 @ 7.0% cap · market cap 4.47%
Theoretical Best
Office A
$409.6K
$358.4K – $477.9K
NOI $28,675 @ 7.0% cap · market cap 6.39%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,065
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - One residence has fresh paint, while the other has a new concrete sidewalk and front stoop.
Where is this duplex located?
The property is located at 317 Washington Ave S Hopkins, MN.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Side‑by‑side duplex with 1,717 square feet; Unit 319 has fresh interior and exterior paint; Unit 317 has a new concrete front sidewalk and stoop
