Updated Duplex with Detached
New
For Sale
$160,000
608 N HURON Street, De Pere, WI 54115
Residential Income, DE PERE, WI
Property Size1,643 SF
Lot Size0.19 Acres
Price / SF$97.38
Days on Market2
Property Features for 608 N HURON Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
2 Family/Duplex,Resident
Parking
2
Lot features
Sidewalk
Elementary school district
De Pere
Middle school district
De Pere
High school district
De Pere
Directions
Ridgeway Blvd to N. Huron St to home.
Standard status
Active
APN
ED-507
Size
1,643 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
8,421 SQ FT IRWIN'S 2ND ADDN TO DE PERE LOT 6 BLK 19
Tax Annual Amount
1975
Legal Description
8,421 SQ FT IRWIN'S 2ND ADDN TO DE PERE LOT 6 BLK 19
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Amenities
detached garage
shed
driveway
Building Details
Year built
1910
Number of units
2
Building materials
Shake Siding
Listing Agency:
Dallaire Realty
(920) 569-0827
Listed By:
Michael D. Wasilkoff · License #91936940
(920) 676-9300
Added: Aug 31
Changed: Sep 1
Last Checked: Sep 1 at 1:06PM
MLS# 50331918
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 two-unit duplex includes a two-level three-bedroom residence and a separate one-bedroom main-level unit. The larger unit has a spacious living room, kitchen, first-floor full bathroom, and two bedrooms upstairs. The secondary unit includes one bedroom, one bathroom, updated finishes, and a large bathroom with mosaic tile. The property contains 1,643 square feet on a 0.19-acre lot and was built in 1910.
Recent improvements include updated windows in 2018, two new furnaces installed in 2026, and two water heaters plus one central A/C unit installed in 2024. A recently poured driveway enters from N Huron Street and extends to a shed with an overhead door. The property also includes a two-stall detached garage with alley access, forced-air heating, central air, public water, and public sewer. Zoning is 2 Family/Duplex, Resident.
Recent improvements include updated windows in 2018, two new furnaces installed in 2026, and two water heaters plus one central A/C unit installed in 2024. A recently poured driveway enters from N Huron Street and extends to a shed with an overhead door. The property also includes a two-stall detached garage with alley access, forced-air heating, central air, public water, and public sewer. Zoning is 2 Family/Duplex, Resident.
Key Highlights
- Two‑unit duplex with 3BR/2BA configuration across the property
- 1,643 square feet on a 0.19‑acre lot; built in 1910
- Two new furnaces installed in 2026
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
$14,381
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
8.99%
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%
$287,620
$287.6K
Cap Rate 7%
$205,443
$205.4K
Cap Rate 9%
$159,789
$159.8K
Market Conditions
NOI Build-Up for 1,643 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
$27.0K $16.44/SF
− Vacancy
−$864 −$0.53/SF
EGI
$26.1K $15.91/SF
− OpEx
−$11.8K −$7.16/SF
NOI
$14.4K $8.75/SF
Area
Brown County, WI
Vacancy
3.20%
Lease Rate
$16.44 /SF/Yr
Expense Ratio
45.00%
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%
$287,620
Cap Rate 7%
$205,443
Cap Rate 9%
$159,789
Alternative Uses
Best Use
Multifamily LT 5
$222.4K
$194.6K – $259.4K
NOI $15,566 @ 7.0% cap · market cap 9.73%
Second Best
Apartment 5plus
$205.4K
$179.8K – $239.7K
NOI $14,381 @ 7.0% cap · market cap 8.99%
Theoretical Best
Warehouse
$1.37M
$1.20M – $1.60M
NOI $96,171 @ 7.0% cap · market cap 60.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
572
Businesses Nearby
Explore this area
Business Placement
Demographics for 54115, WI
48,710
Population
20,415
Households
2.4
Avg Household Size
37
Median Age
40%
College-Educated
96%
High-School Grad
124.0 sq mi
ZIP Area
393
Density / Sq Mi
$92,023
Median Household Income
$46,843
Median Earnings
$1,071
Median Rent
$307,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property near downtown De Pere with separate layouts, public utilities, and off-street parking improvements.
Where is this duplex located?
The property is located at 608 N HURON Street De Pere, WI.
What is the asking price?
The asking price for this property is $160,000.
What are key features of this property?
This property features: Two‑unit duplex with 3BR/2BA configuration across the property; 1,643 square feet on a 0.19‑acre lot; built in 1910; Two new furnaces installed in 2026
