For Sale: Hopkins MLS# 7066535
Active
NEW!
$535,000
Multi-family: Duplex Side by Side
5 br • 4 ba • Built 1959
2,004 sqft • 0.16 acres
Hopkins schools
MLS# 7066535
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Property Description
Welcome to this incredible corner-lot opportunity in the heart of Hopkins—located in the highly sought-after “Avenues, ” one of the most desirable pockets in the area.
This side-by-side duplex offers the perfect blend of investment potential and owner-occupant flexibility.
Each unit lives like its own home. One side features 3 bedrooms and 2 bathrooms, while the other offers 2 bedrooms and 2 bathrooms—ideal for maximizing rental income or offsetting your mortgage through house hacking. Spacious layouts, functional living areas, and great natural light make both units highly appealing to tenants and owners alike.
Outdoor spaces are just as inviting, with a deck off the back—perfect for relaxing summer evenings—and a patio area ideal for grilling and entertaining. The corner lot provides added privacy, extra yard space, and strong curb appeal.
Location is where this property truly shines. Just one block from the Lake Minnetonka Regional Trail, you’ll have quick access to miles of biking, walking, and running trails that connect you to both Excelsior and Minneapolis. You’re also within walking distance to vibrant downtown Hopkins—home to local favorites like coffee shops, breweries, restaurants, and boutique shopping, along with parks and community events year-round.
Hopkins continues to grow in popularity thanks to its small-town charm, strong sense of community, and unbeatable convenience. With easy access to major roadways including Highway 7, 169, and 494, plus multiple bus lines and nearby future light rail expansion, commuting is simple whether you're heading downtown or around the metro.
Whether you’re an investor looking to add a solid asset in a high-demand rental market or a buyer looking to live in one unit while building equity, this property checks all the boxes. Opportunities like this in Hopkins—especially in the Avenues—don’t come up often.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$535,000
Price per sq ft:
$267
Property Type:
Multi-family
City:
Hopkins
Garage Spaces:
2
County:
Hennepin
Year Built:
1959
State:
MN
Property Style:
Duplex Side by Side
Zip Code:
55343
Subdivision Name:
West Minneapolis 3rd Div
Interior
Bedrooms:
5
Bathrooms:
4
Finished Area:
2,004 ft2
Living Area:
2,004 ft2
Refrigerators:
Two
Basement Details:
- Block
- Drain Tiled
- Finished
- Full
- Sump Pump
Exterior
Stories:
One
Garage Spaces:
2
Garage Size:
580 ft2
Foundation Size:
1,439 ft2
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
Detached Garage
Lot & Land
Acres:
0.16
Geolocation:
44.929674, -93.422133
Lot Dimensions:
53 x 137
Zoning:
Residential-Multi-Family
Lot Description:
- Corner Lot
- Irregular Lot
- Public Transit (w/in 6 blks)
- Tree Coverage - Medium
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
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$7,925
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$7,925
Income
Annual Gross Income:
$40,800
Units
Total Units:
2
Miscellaneous
Fuel System:
Natural Gas
Sewer System:
City Sewer - In Street
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 Pemberton RE.
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.