508 Shadyside Circle, Hopkins, MN 55343
MULTI_FAMILY - Hopkins, MN
- Added:
- Jan 15, 2026
- Days on Market:
- 166
- Last Refresh:
- Jun 30 at 3:06 am
Property Features for 508 Shadyside Circle
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bedroom 6, Basement, Bathroom 3, Bathroom 4, Bedroom 3, Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 4, Bedroom 1, Bedroom 5
- Parking features
- Garage - Detached, Driveway
- Exterior features
- Brick/Stone, Fiber Board
- 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 agent Brian Leneweaver (952) 226-7700
Listing office RE/MAX Advantage Plus 11806 Aberdeen St NE 100, Savage, MN (763) 755-1100
Listing date Jan 15, 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
- Side‑by‑side duplex in Hopkins, MN, built in 1968
- Each unit features 3 bedrooms and 2 bathrooms
- Each unit spans over 1,200 sq ft
- Unfinished basement in each unit
- Forced‑air heating
- Brick/stone exterior with detached garage and driveway parking
Overview
The property is located at 508 Shadyside Circle in Hopkins, Minnesota 55343. Public remarks indicate the duplex is close to schools, parks, and everyday conveniences, which can be helpful for tenant day-to-day accessibility.
For buyers looking for residential income, the duplex configuration provides straightforward occupancy flexibility, including the option to live in one unit while renting the other. With two fully self-contained units, the property can support a variety of operational approaches, from single-tenant-per-unit arrangements to a full-occupancy strategy across both units. The unfinished basements add practical value for buyers who want the option to tailor lower-level space to future needs.
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 | $50.5k | $19.80 |
| − Vacancy | −$3.3k | −$1.29 |
| EGI | $47.2k | $18.51 |
| − OpEx | −$14.2k | −$5.55 |
| NOI | $33.0k | $12.96 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Hopkins
- County
- Hennepin
- State
- Minnesota
- Longitude
- -93.3940121
- Latitude
- 44.9308732
