Side-by-Side
For Sale
$609,000
717 6th Avenue S, Hopkins, MN 55343
Residential Income, Hopkins, MN
Property Size3,127 SF
Lot Size0.17 Acres
Price / SF$194.76
Days on Market92
Property Features for 717 6th Avenue S
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Residential-Multi-Family
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 6, Bedroom 3, Bathroom 3, Bedroom 2, Bathroom 4, Laundry Room, Bedroom 5, Bathroom 1, Basement, Bedroom 4, Bathroom 2, Bedroom 1
Parking features
Driveway, Garage - Attached, Garage, Open
Patio and Porch features
Deck
Subdivision
South Meadows
Lot features
Public Transit (w/in 6 blks), Tree Coverage - Light
High school district
Hopkins
Directions
169 to Lincoln Dr/5th St., right on W 7th St., Right on 2nd Ave S., Left on 5th St., Left on 6th Ave.
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 · RE/MAX International
(952) 848-2400
Listed By:
Ryan Fischer
(952) 829-2900
Added: Jul 22
Changed: Oct 16
Last Checked: Oct 21 at 10:06AM
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1970 side-by-side duplex contains 3,127 square feet across two residences, each with three bedrooms and two bathrooms. Both layouts place two bedrooms on the main level and a third downstairs. Attached garages and separate utilities serve the units. The property occupies a 0.17-acre lot and includes a deck and driveway parking.
Updates include a roof installed in 2022, furnaces replaced in 2022 and 2024, water heaters replaced in 2025, and new garage doors for both units. Appliances have also been updated, and concrete work was completed at the front entries. Downtown Hopkins, Valley Park, and the Nine Mile Creek Regional Trail are nearby; the property also has access to major highways and the future Metro Green Line Extension.
Updates include a roof installed in 2022, furnaces replaced in 2022 and 2024, water heaters replaced in 2025, and new garage doors for both units. Appliances have also been updated, and concrete work was completed at the front entries. Downtown Hopkins, Valley Park, and the Nine Mile Creek Regional Trail are nearby; the property also has access to major highways and the future Metro Green Line Extension.
Key Highlights
- Two residences, each with 3 bedrooms and 2 bathrooms
- 3,127 square feet on a 0.17‑acre lot
- Separate utilities for each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,523
Cap Rate
6.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$810,460
$810.5K
Cap Rate 7%
$578,900
$578.9K
Cap Rate 9%
$450,256
$450.3K
Market Conditions
NOI Build-Up for 3,127 SF
Gross rent
$61.9K $19.80/SF
− Vacancy
−$4.0K −$1.29/SF
EGI
$57.9K $18.51/SF
− OpEx
−$17.4K −$5.55/SF
NOI
$40.5K $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%
$810,460
Cap Rate 7%
$578,900
Cap Rate 9%
$450,256
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 authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
585
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence includes three bedrooms, two bathrooms, a lower-level bedroom, and an attached garage.
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: Two residences, each with 3 bedrooms and 2 bathrooms; 3,127 square feet on a 0.17‑acre lot; Separate utilities for each residence
