Side-by-Side Duplex with Attached
717 6th Avenue S Hopkins, MN 55343
New
717 6th Avenue S, Hopkins, MN, 55343
$609,000
For Sale
$609,000
MULTI_FAMILY - Hopkins, MN
Property Size3,127 SF
Lot Size0.17 Acres
Price / SF$194.76
Days on Market2
Property Features for 717 6th Avenue S
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bedroom 3, Bathroom 4, Bedroom 2, Bedroom 6, Bedroom 5, Bathroom 3, Bedroom 4, Bathroom 1, Bedroom 1, Bathroom 2, Basement
- Parking features
- Driveway, Garage - Attached, Garage, Open
- Exterior features
- Brick/Stone, Fiber Board
- Standard status
- Active
- APN
- 2511722420036
- Size
- 3,127 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 10013
Utilities
- Heating system
- Forced Air
Building Details
- Year built
- 1970
- Roof type
- Shingle
Listing agency
RE/MAX Results
(952) 848-2400
Listed by
Ryan Fischer
(952) 829-2900
Added: Jul 22 Checked: Jul 23 at 2:06AM
MLS# 7112458
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 side-by-side duplex offers two separate 3-bedroom, 2-bathroom units with oversized attached garages and separate utilities for each side. Each unit includes two bedrooms on the main level and one lower-level bedroom, with a large, functional layout. One side is currently leased through April 30, 2027 at $2,430 per month, while the second unit is rented month-to-month at $2,300 per month.
The property is located in Hopkins, Minnesota, near Downtown Hopkins. It is also close to Valley Park, the Nine Mile Creek Regional Trail, and a regional trail network connecting to Minneapolis and Lake Minnetonka.
Recent updates include a new roof in 2022, new garage doors on both units, new furnaces installed in 2022 and 2024, new water heaters in 2025, updated appliances, and new front entry concrete, supporting a move-in-ready condition.
The property is located in Hopkins, Minnesota, near Downtown Hopkins. It is also close to Valley Park, the Nine Mile Creek Regional Trail, and a regional trail network connecting to Minneapolis and Lake Minnetonka.
Recent updates include a new roof in 2022, new garage doors on both units, new furnaces installed in 2022 and 2024, new water heaters in 2025, updated appliances, and new front entry concrete, supporting a move-in-ready condition.
Key Highlights
- Side‑by‑side duplex in the City of Hopkins with separate utilities (each tenant pays their own expenses).
- Both units feature 3 bedrooms and 2 bathrooms, with two main‑level bedrooms plus an additional lower‑level bedroom.
- One unit is leased through April 30, 2027 at $2,430/month; the other is rented month‑to‑month at $2,300/month.
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 | $61.9k | $19.80 |
| − Vacancy | −$4.0k | −$1.29 |
| EGI | $57.9k | $18.51 |
| − OpEx | −$17.4k | −$5.55 |
| NOI | $40.5k | $12.96 |
3,127 SF · lease $19.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$578.9K
$506.5K – $675.4K
NOI $40,523 @ 7.0% cap · market cap 6.65%
Second Best
Apartment 5plus
$522.1K
$456.9K – $609.2K
NOI $36,549 @ 7.0% cap · market cap 6.00%
Theoretical Best
Office A
$746.0K
$652.8K – $870.4K
NOI $52,223 @ 7.0% cap · market cap 8.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Side-by-side duplex with separate utilities, two 3-bedroom units, and an attached oversized garage each side.
Where is this duplex located?
The property is located at 717 6th Avenue S Hopkins, MN.
What is the asking price?
The asking price for this property is $609,000.
What are key features of this property?
This property features: Side‑by‑side duplex in the City of Hopkins with separate utilities (each tenant pays their own expenses).; Both units feature 3 bedrooms and 2 bathrooms, with two main‑level bedrooms plus an additional lower‑level bedroom.; One unit is leased through April 30, 2027 at $2,430/month; the other is rented month‑to‑month at $2,300/month.
