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34333859

57 6th Ave S, Hopkins, MN 55343

RD
MN MN40961803
Kiser Group
Kiser Group
Listed by Kiser Group
$1,350,000
1 day on market
Updated 1 day ago

The Loon

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 21,000
Units 12
Cap Rate 6.84%
NOI $92,383
Tenancy Multi
Year Built 1961
Parking Spaces 13 spaces
Parking per 1,000 SqFt 0.62

Multifamily | 6.84% CAP | 12 Units

Marketing description

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.

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.

Investment highlights

  • 12-unit apartment community in the highly desirable Hopkins submarket
  • Prime location just blocks from Downtown Hopkins Mainstreet
  • Strong rental demand supported by a high-barrier-to-entry market
  • Walkable to restaurants, breweries, shopping, parks, and entertainment
  • Convenient access to Highway 7, Highway 169, Interstate 394, and Downtown Minneapolis
  • Value-add opportunity through minor cosmetic unit renovations and continued rental growth
  • Projected Year-1 NOI of $92,383, representing a 6.84% cap rate
  • Individually controlled HVAC systems for each unit, reducing maintenance responsibilities and improving tenant convenience
  • Desirable unit mix featuring six 1-bedroom/1-bath units and six 2-bedroom/1-bath units
  • Thirteen on-site parking spaces, complemented by ample city-owned parking directly in front of the property

Listing Contacts

RD
MN MN40961803
Kiser Group
Kiser Group
Listed by Kiser Group

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$92,383.00
$7,698.58/mo

Valuation Metrics

0
DSCR
6.84%
Cap Rate
6.84%
ROI

Map

Zoning

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RX-TOD MixedMixed UseResidential Office Mix Transit Oriented District Center
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Last updated May 8, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
Robert Dulin
License
MN40961803
Brokerage
Kiser Group
Title
Managing Broker (MN)
Brokerage Address
200 Southdale Center
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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