12-Unit Apartment
For Sale
$1,350,000
57 6th Avenue South, Hopkins, MN 55343
Twelve apartment units with individually controlled HVAC and 13 on-site parking spaces, blocks from Downtown Hopkins Mainstreet.
Property Size21,000 SF
Days on Market55
Property Features for 57 6th Avenue South
General Information
Standard status
Active
Size
21,000 SF
Total Parking Spaces
13
Property subtype
Multifamily
Financials
Cap Rate
6.84%
Business Included
Yes
Additional Details
Highway Access
Yes
Multifamily Units
12
Building Details
Building Size
21,000 SF
Year Built
1961
Tenancy
Multi
Listed By:
Robert Dulin
(612) 270-4730
Source:
Kisergroup
Added: Jul 11
Changed: Aug 8
Last Checked: Sep 2 at 2:57PM
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 Robert Dulin
Investment Insights
Based on property information with market context.
The Loon is a 12-unit apartment community featuring individually controlled HVAC systems for each unit. The unit mix includes six 1-bedroom/1-bath units and six 2-bedroom/1-bath units, supported by 13 on-site parking spaces.
The property is located in Hopkins within walking distance of the Downtown Hopkins Mainstreet district, including restaurants, breweries, coffee shops, retail, parks, and entertainment. Access is described as convenient to Highway 7, Highway 169, and Interstate 394.
The remarks also note a value-add approach through minor cosmetic unit renovations and continued rental growth.
The property is located in Hopkins within walking distance of the Downtown Hopkins Mainstreet district, including restaurants, breweries, coffee shops, retail, parks, and entertainment. Access is described as convenient to Highway 7, Highway 169, and Interstate 394.
The remarks also note a value-add approach through minor cosmetic unit renovations and continued rental growth.
Key Highlights
- 12‑unit apartment community built in 1961 in Hopkins submarket
- Unit mix: six 1‑bedroom/1‑bath and six 2‑bedroom/1‑bath units
- Individually controlled HVAC systems for each unit
Property Analytics
Property Profile
Current Use
Lease Details
12
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,219
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Twelve apartment units with individually controlled HVAC and 13 on-site parking spaces, blocks from Downtown Hopkins Mainstreet.
Where is this apartment building located?
The property is located at 57 6th Avenue South Hopkins, MN.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 12‑unit apartment community built in 1961 in Hopkins submarket; Unit mix: six 1‑bedroom/1‑bath and six 2‑bedroom/1‑bath units; Individually controlled HVAC systems for each unit
