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$875,000

  • For Sale
  • Active
  • Commercial
  • 5,880 Sq. Ft.
  • 0.2 Acres
See This Home
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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.

Full Property Details for 8311 Excelsior Blvd

General

  • Price: $875,000
  • Taxes: $11,680 (2026)
  • Status: Active
  • Type: Commercial
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7039259
  • Updated: 4/22/2026
  • Added to Site: 160 day(s) ago

Interior

  • Appliances: Range, Refrigerator

Additional Information

  • Amenities: Hardwood Floors
  • Shared Amenities: Coin-op Laundry Owned

Parking

  • Parking Features: Gravel, Open

Location

  • County: Hennepin
  • Township: Hopkins
  • Driving Directions: 169 to Excelsior Boulevare, East, past Blake Road take first right on Ashley Road and turn right into parking lot.

School Information

  • School District: 270 - Hopkins
  • High School District: Hopkins

Heating & Cooling

  • Cooling Type: Window Unit(s)
  • Heating Type: Baseboard, Hot Water
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: City Sewer Connected
  • Water: City Water (Connected)
  • Utility Description: Electric Separate

Structural Information

  • Basement: Yes
  • Basement Desc.: Daylight/Lookout Windows
  • Foundation Size: 2940
  • Roof: Flat
  • Disability Access: None
  • Square Feet: 5,880
  • Finished Down/Base.: 5,880 Sq. Ft.
  • Current Bldg. Use: Residential
  • Year Built: 1958

Unit Information

  • Units w/Refrigerators: 1

Lot Features

  • Lot Size (Acres): 0.2
  • Lot Dimensions: 100 x 90
  • Frontage: County Road
  • Zoning: Residential-Multi-Family
  • Lot Description: Medium Tree Coverage

Financial Considerations

  • Tax Amount: $11,680.08
  • Tax Year: 2026
  • Owner Pays: Fuel, Insurance, Janitorial Service, Grounds Care, Repairs, Snow Removal, Taxes, Trash Collection
  • Tenant Pays: Electricity
  • Pays Electric: Tenant Pays
  • Pays Trash: Owner Pays

Disclosures and Reports

  • Legal Description: Lot 077 Block 000 AUDITOR'S SUBD. NO. 239 COM ON N LINE OF LOT 77 DIS 30 1/100 FT WLY FROM NE COR OF SAID LOT TH S PAR WITH E LINE THEREOF TO A PT DIS 127 FT S MEASURED ALONG SAID PAR LINE FROM CTR...
  • Inclusions: Building

Listed by RE/MAX Results

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— 8311 Excelsior Blvd —

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Schools serving 8311 Excelsior Blvd

School District:Hopkins Public School District
NameGradesDistance
Alice Smith Elementary School
801 Minnetonka Mills Road, Hopkins, MN 55343
K-61.3 mi
Hopkins North Junior High School
10700 Cedar Lake Rd, Minnetonka, MN 55305
7-92.4 mi
Hopkins Senior High School
2400 Lindbergh Dr, Minnetonka, MN 55305
10-122.6 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 8311 Excelsior Blvd Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/17/2026
Listed
$875,000
4.67%
MLS
6/21/2022
Sold
$836,000
—
Public Record
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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 8311 Excelsior Blvd

Year
Property Taxes
Change
Tax Assessment
Change
2025
$11,680
-3%
$600,000
-9%
2024
$11,996
-15%
$660,000
-17%
2023
$14,162
52%
$798,000
53%
2023
$9,288
—
$521,000
7%
2023
$9,288
3%
$486,000
9%
2020
$9,035
2%
$447,000
3%
2019
$8,835
7%
$435,000
7%
2018
$8,281
2%
$408,000
—
2017
$8,143
12%
$408,000
16%
2016
$7,270
22%
$351,000
22%
2015
$5,944
-6%
$288,000
—
2014
$6,290
9%
$288,000
4%
2013
$5,791
—
$276,000
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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8311 Excelsior Boulevard, Hopkins, MN 55343 (MLS# 7039259) is a Commercial property. 8311 Excelsior Boulevard is currently listed for $875,000 and was received on April 02, 2026. Want to learn more about 8311 Excelsior Boulevard? Do you have questions about finding other Commercial real estate for sale in Hopkins? You can browse all Hopkins real estate or contact a Coldwell Banker agent to request more information.

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