Updated Side-by-Side
For Sale
$395,000
1051 MAIN Street, Wrightstown, WI 54180
Residential Income, WRIGHTSTOWN, WI
Property Size2,812 SF
Lot Size0.27 Acres
Price / SF$140.47
Days on Market47
Property Features for 1051 MAIN Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Residential
Parking
2
Accessibility
Accessible Approach with Ramp
Lot features
Sidewalk
Elementary school district
Wrightstown Community
Middle school district
Wrightstown Community
High school district
Wrightstown Community
Directions
From Hwy 41 take Wrightstown Exit and go East, Left on Hwy 96/Main St to property on the right.
Standard status
Active
APN
VW-390-J-19
Size
2,812 SF
Lot size
0.27 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4732
Utilities
Sewer type
Public Sewer
Heating system
Oil
Cooling system
Central Air
Water source
Public
Amenities
zero entry
first-floor laundry
open-concept kitchen and living area
sunroom
private patio
privacy fence
stamped concrete patios
Building Details
Year built
1991
Number of units
2
Building materials
Vinyl Siding
Listing Agency:
Keller Williams Green Bay · Keller Williams Realty
(920) 632-7702
Listed By:
Caitlin C. Cravillion · License #94-94151
(920) 676-2667
Added: Jul 28
Changed: Sep 11
Last Checked: Sep 12 at 2:06AM
MLS# 50329885
Copyright © 2026 Realtor Association of Northeast Wisconsin. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,812-square-foot side-by-side duplex, built in 1991, includes two first-floor residences with zero-entry access, laundry areas, open kitchen and living layouts, sunrooms, and private patios enclosed by privacy fencing. Unit 1053 is vacant, while Unit 1051 is leased to a long-term tenant. The property has received multiple improvements, including ColorGuard siding, roofing, gutters, downspouts, water heaters, sump pumps, stamped concrete patios, water softeners, and boiler units.
The 0.27-acre property is located at 1051 Main Street in Wrightstown, Wisconsin, and is served by public water and public sewer. Additional building features include vinyl siding, oil heating, central air, and an accessible approach with ramp. The property is zoned Residential.
The 0.27-acre property is located at 1051 Main Street in Wrightstown, Wisconsin, and is served by public water and public sewer. Additional building features include vinyl siding, oil heating, central air, and an accessible approach with ramp. The property is zoned Residential.
Key Highlights
- 2,812‑square‑foot side‑by‑side duplex on a 0.27‑acre lot
- Unit 1053 is vacant; Unit 1051 is leased to a long‑term tenant
- Seller updates include roof, gutters, downspouts, siding, boiler units, water heaters, and sump pumps
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$26,641
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.74%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$532,820
$532.8K
Cap Rate 7%
$380,586
$380.6K
Cap Rate 9%
$296,011
$296.0K
Market Conditions
NOI Build-Up for 2,812 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$39.5K $14.04/SF
− Vacancy
−$1.4K −$0.51/SF
EGI
$38.1K $13.53/SF
− OpEx
−$11.4K −$4.06/SF
NOI
$26.6K $9.47/SF
Area
Brown County, WI
Vacancy
3.60%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$532,820
Cap Rate 7%
$380,586
Cap Rate 9%
$296,011
Alternative Uses
Best Use
Multifamily LT 5
$380.6K
$333.0K – $444.0K
NOI $26,641 @ 7.0% cap · market cap 6.74%
Second Best
Apartment 5plus
$351.6K
$307.7K – $410.2K
NOI $24,612 @ 7.0% cap · market cap 6.23%
Theoretical Best
Warehouse
$2.35M
$2.06M – $2.74M
NOI $164,597 @ 7.0% cap · market cap 41.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
94
Businesses Nearby
Explore this area
Business Placement
Demographics for 54180, WI
3,268
Population
1,264
Households
2.6
Avg Household Size
35
Median Age
46%
College-Educated
95%
High-School Grad
5.9 sq mi
ZIP Area
554
Density / Sq Mi
$101,731
Median Household Income
$51,982
Median Earnings
$1,272
Median Rent
$275,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - One unit is leased, while the other is vacant and ready for occupancy.
Where is this duplex located?
The property is located at 1051 MAIN Street Wrightstown, WI.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: 2,812‑square‑foot side‑by‑side duplex on a 0.27‑acre lot; Unit 1053 is vacant; Unit 1051 is leased to a long‑term tenant; Seller updates include roof, gutters, downspouts, siding, boiler units, water heaters, and sump pumps
