- For Sale $1,350,000
- Property Type Multi-Family
- Property Size 21,000 SF
- Units 12
- Year Built 1961
- Date Updated Jul 15, 2026
Description
Discover the vibrant community surrounding the property in Hopkins, MN. Enjoy the convenience of being within walking distance to charming local shops, delicious dining options, and beautiful parks. With easy access to major highways and public transportation, residents can explore nearby attractions like the Minnetonka Center for the Arts and the historic downtown area. Investors seeking a prime location with strong appeal to multifamily and high-rise residents will appreciate the area's bustling atmosphere and close proximity to city amenities. In this thriving neighborhood, the property offers an excellent investment opportunity with the promise of a dynamic urban lifestyle.The Loon is a 12-unit apartment community ideally located in the heart of Hopkins, one of the Twin Cities' most desirable first-ring suburbs. Positioned just steps from the vibrant Downtown Hopkins Mainstreet district, the property offers residents convenient access to an array of restaurants, breweries, coffee shops, retail, parks, and entertainment. Its central location also provides quick access to Highway 7, Highway 169, Interstate 394, and several of the region's largest employment hubs.
The property presents investors with the opportunity to acquire a well-located multifamily asset in a market supported by strong renter demand, excellent neighborhood amenities, and long-term growth fundamentals. Whether an investor is seeking stable cash flow, future rent growth, or a long-term hold in a proven submarket, The Loon offers an attractive combination of location, accessibility, and investment potential.
Highlights
- 12-unit apartment community in the highly desirable Hopkins submarket
- Convenient access to Highway 7, Highway 169, Interstate 394, and Downtown Minneapolis
- Desirable unit mix featuring six 1-bedroom/1-bath units and six 2-bedroom/1-bath units
- Individually controlled HVAC systems for each unit, reducing maintenance responsibilities and improving tenant convenience
- Prime location just blocks from Downtown Hopkins Mainstreet
- Projected Year-1 NOI of $92,383, representing a 6.84% cap rate
- Strong rental demand supported by a high-barrier-to-entry market
- Twelve on-site parking spaces, complemented by ample city-owned parking directly in front of the property
- Value-add opportunity through minor cosmetic unit renovations and continued rental growth
- Walkable to restaurants, breweries, shopping, parks, and entertainment
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Contacts
Robert Dulin
Kiser Group
Location
Located at 57 6th Avenue South, Hopkins, MN 55343, this property is part of the Hopkins neighborhood and Minneapolis St Paul market.
Contact Listing Broker
Robert Dulin
Kiser Group