Side-by-Side Duplex with
508 Shadyside Cir, Hopkins, MN 55343
For Sale
$450,000
Two residential units feature three-bedroom layouts, two bathrooms, and unfinished basement space for additional flexibility.
Property Size2,548 SF
Price / SF$176.61
Days on Market101
Property Features for 508 Shadyside Cir
General Information
Standard status
Size
Property subtype
Building Details
Year Built
Buildings
Tenancy
Listing Agency:
RE/MAX Advantage Plus
Listed By:
Brian Leneweaver
(612) 208-3859
Source:
Vibemn
Added: Aug 2
Changed: Oct 25
Last Checked: Oct 7 at 3:57PM
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 RE/MAX Advantage Plus
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Investment Insights
Based on property information with market context.
This side-by-side duplex contains two residential units, each offering more than 1,200 square feet with three bedrooms and two bathrooms. Both units also include unfinished basement areas that provide additional storage or future customization potential. The property totals 2,548 square feet.
The duplex is located at 508 Shadyside Cir in Hopkins, Minnesota, near schools, parks, and everyday conveniences. Its configuration supports separate occupancy of the units, subject to applicable requirements and lease terms.
The duplex is located at 508 Shadyside Cir in Hopkins, Minnesota, near schools, parks, and everyday conveniences. Its configuration supports separate occupancy of the units, subject to applicable requirements and lease terms.
Key Highlights
- Side‑by‑side duplex with two separate residential units
- 2,548 SF total property size
- Each unit offers over 1,200 sq ft
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,228
Cap Rate
8.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$744,560
$744.6K
Cap Rate 7%
$531,829
$531.8K
Cap Rate 9%
$413,644
$413.6K
Market Conditions
NOI Build-Up for 2,548 SF
Gross rent
$56.6K $22.20/SF
− Vacancy
−$3.4K −$1.33/SF
EGI
$53.2K $20.87/SF
− OpEx
−$16.0K −$6.26/SF
NOI
$37.2K $14.61/SF
Area
Hennepin County, MN
Vacancy
5.98%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$744,560
Cap Rate 7%
$531,829
Cap Rate 9%
$413,644
Alternative Uses
Best Use
Multifamily LT 5
$531.8K
$465.4K – $620.5K
NOI $37,228 @ 7.0% cap · market cap 8.27%
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.
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Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
781
Businesses Nearby
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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
$350,700
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Hennepin County, MN
Properties on Market for Duplexes in Hennepin County
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units feature three-bedroom layouts, two bathrooms, and unfinished basement space for additional flexibility.
Where is this duplex located?
The property is located at 508 Shadyside Cir 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 with two separate residential units; 2,548 SF total property size; Each unit offers over 1,200 sq ft
