For Sale: Hopkins MLS# 7112458
Active
NEW!
$609,000
Multi-family: Duplex Side by Side
6 br • 4 ba • Built 1970
3,127 sqft • 0.17 acres
Hopkins schools
MLS# 7112458
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Property Description
Discover an outstanding investment opportunity in the highly sought-after City of Hopkins with this exceptional side-by-side duplex offering the perfect blend of strong rental income and owner-occupant flexibility. Each spacious unit features 3 bedrooms, 2 bathrooms, an oversized attached garage, two bedrooms on the main level, one lower-level bedroom, a large and functional floor plan, and separate utilities so each tenant pays their own expenses. One side is available for an owner-occupant or a new tenant, while the other is leased through **April 30, 2027** at **$2, 430 per month**, and the second unit is currently rented **month-to-month at $2, 300 per month**, creating immediate cash flow with future flexibility. This turnkey property has been extensively updated with a new roof (2022), new garage doors on both units, new furnaces (2022 and 2024), new water heaters (2025), updated appliances, new front entry concrete, and numerous additional improvements, making it truly move-in ready. Situated in a wonderful neighborhood just minutes from vibrant Downtown Hopkins, you'll enjoy easy access to award-winning restaurants, coffee shops, breweries, shopping, entertainment, and the beloved Hopkins Raspberry Festival, along with nearby Valley Park, the scenic Nine Mile Creek Regional Trail, and Hopkins' incredible network of regional trails connecting to Minneapolis, Lake Minnetonka, and beyond for endless biking, walking, and outdoor recreation. The property is also conveniently located near major highways and the future Metro Green Line Extension, adding even more long-term convenience and value. This is an outstanding opportunity to own a beautifully maintained duplex in one of the west metro's most desirable communities—an investment you won't want to miss.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$609,000
Price per sq ft:
$195
Property Type:
Multi-family
City:
Hopkins
Garage Spaces:
2
County:
Hennepin
Year Built:
1970
State:
MN
Property Style:
Duplex Side by Side
Zip Code:
55343
Subdivision Name:
South Meadows
Interior
Bedrooms:
6
Bathrooms:
4
Finished Area:
3,127 ft2
Living Area:
3,127 ft2
Refrigerators:
Two
Basement Details:
- Daylight/Lookout Windows
- Drain Tiled
- Egress Window(s)
- Finished
- Full
- Sump Pump
- Walkout
Exterior
Stories:
One
Garage Spaces:
2
Garage Size:
783 ft2
Foundation Size:
1,944 ft2
Fencing:
Partial, Wood
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
- Asphalt
- Attached Garage
- Garage Door Opener
- Tuckunder Garage
Shared Amenities:
Patio
Road Frontage:
City Street
Pool:
None
Roof Details:
- Age 8 Years or Less
- Asphalt
- Pitched
Rooms
Laundry:
- In Basement
- In Unit
- Laundry Closet
- Lower Level
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.17
Geolocation:
44.912656, -93.407346
Lot Dimensions:
60 x 125
Zoning:
Residential-Multi-Family
Lot Description:
- Public Transit (w/in 6 blks)
- Tree Coverage - Light
Schools
School District:
270
District Phone:
9529884000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
None
Annual Maintenance Expense:
None
Annual Trash Expense:
None
Annual Water/Sewer Expense:
None
Tenant Expenses:
All Utilities, Cable TV, Electricity, Fuel, Gas, Hot Water, Lawn Care, Snow Removal, Trash Collection, Water
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$10,013
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$10,013
Income
Annual Gross Income:
$56,760
Rent
Annual Net Income:
$56,760
Units
Total Units:
2
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
Power Company Name:
Xcel Energy
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of RE/MAX Results.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.