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$875,000
Est. payment /mo
8,712 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 7039259
Year Built 1958
Annual Tax Amount $11,680
Tax Year 2026
Contingent None
Lot Size 8,712 Sqft
Lot Dimensions 100 X 90
Property Description
Don't miss this turnkey, fully leased seven-unit apartment building on Excelsior Blvd in Hopkins — one of the most accessible and tenant-friendly corridors in the western suburbs. All seven units are one-bedrooms, which means consistent tenant profiles, straightforward management/maintenance, and no complex infrastructure to worry about. New boiler and newer driveway mean the major capital items are already done. This is a running operation, not a renovation project.
The price per unit is in line with what buyers are currently paying for 2-4 unit buildings in Hopkins. Seven doors for the cost of four is a rare find in this market, and it makes this an ideal move for an investor rolling out of a duplex or single family investment property looking to scale without taking on a complex asset. Easy to self-manage, low maintenance unit mix, and a location that provides historically low to no vacancy.
Excelsior Blvd puts tenants within walking distance of restaurants, grocery, retail, and Park Nicollet Methodist Hospital just over a mile away. 494 corridor is also minutes away, which covers both commuters and anyone who prefers to get around without a car. Tenants have what they need close by, and that shows up in retention.
The price per unit is in line with what buyers are currently paying for 2-4 unit buildings in Hopkins. Seven doors for the cost of four is a rare find in this market, and it makes this an ideal move for an investor rolling out of a duplex or single family investment property looking to scale without taking on a complex asset. Easy to self-manage, low maintenance unit mix, and a location that provides historically low to no vacancy.
Excelsior Blvd puts tenants within walking distance of restaurants, grocery, retail, and Park Nicollet Methodist Hospital just over a mile away. 494 corridor is also minutes away, which covers both commuters and anyone who prefers to get around without a car. Tenants have what they need close by, and that shows up in retention.
Location
State MN
County Hennepin
Zoning Residential-Multi-Family
Rooms
Family Room Other
Basement Daylight/Lookout Windows
Interior
Heating Baseboard, Hot Water
Cooling Window Unit(s)
Inclusions Building
Fireplace No
Appliance Range, Refrigerator
Exterior
Parking Features Gravel, Open
Fence None
Pool None
Utilities Available Electric Separate
Roof Type Flat
Present Use Residential
Building
Lot Description Tree Coverage - Medium
Foundation 2940
Sewer City Sewer/Connected
Water City Water/Connected
New Construction false
Schools
School District Hopkins
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Listed by Philip Cameron • RE/MAX Results
Nearby School & Business
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