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Executive Summary

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 roof, 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.Please contact Phil@ts-re.com to receive the full offering memorandum and financials.

Property Facts

Price $1,211,087 CAD
Price Per Unit $173,012 CAD
Sale Type Investment
No. Units 7
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.20 AC
Building Size 3,267 SF
No. Stories 1
Year Built 1958
Parking Ratio 2.45/1,000 SF
Opportunity Zone Yes

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
Studios 8 - -
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
40/100
Moderately bikeable
60/100

Property Taxes

Property Taxes

Parcel Number
19-117-21-41-0004
Land Assessment
$498,276 CAD
Improvements Assessment
$415,230 CAD
Total Assessment
$913,506 CAD
  • Listing ID: 40103629

  • Date on Market: 2026-04-10

  • Last Updated:

  • Address: 8311 Excelsior Blvd, Hopkins, MN 55343

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