Duplex with Central
For Sale
$250,000
1-2-321 N 7th St, Cornell, WI 54732
Both two-bedroom units are leased to long-term tenants and include laundry hookups.
Property Size998 SF
Price / SF$250.50
Days on Market26
Property Features for 1-2-321 N 7th St
General Information
Standard status
Active
Size
998 SF
Total Parking Spaces
1
Property subtype
Residential Income
Occupancy
100%
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,779
Amenities
laundry hookups
Building Details
Tenancy
Multi
Listing Agency:
RE/MAX Real Estate Group
Listed By:
Tina Theisen · License #57891-90
(715) 835-6191
Source:
Exprealty
Added: Sep 24
Changed: Oct 15
Last Checked: Oct 19 at 7:24AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Real Estate Group
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex contains two units, each with two bedrooms and one full bathroom. Laundry hookups are provided in both units, and a one-car garage sits between them. The property also has a large backyard.
Both sides are occupied by long-term tenants. The sale is on an as-is basis, and showings require 24 hours’ notice.
Both sides are occupied by long-term tenants. The sale is on an as-is basis, and showings require 24 hours’ notice.
Key Highlights
- Two units, each with 2 bedrooms and 1 full bathroom
- Both units rented to long‑term tenants
- Laundry hookups in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,318
Cap Rate
3.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$166,360
$166.4K
Cap Rate 7%
$118,829
$118.8K
Cap Rate 9%
$92,422
$92.4K
Market Conditions
NOI Build-Up for 998 SF
Gross rent
$12.6K $12.60/SF
− Vacancy
−$692 −$0.69/SF
EGI
$11.9K $11.91/SF
− OpEx
−$3.6K −$3.57/SF
NOI
$8.3K $8.33/SF
Area
Chippewa County, WI
Vacancy
5.50%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$166,360
Cap Rate 7%
$118,829
Cap Rate 9%
$92,422
Alternative Uses
Best Use
Multifamily LT 5
$118.8K
$104.0K – $138.6K
NOI $8,318 @ 7.0% cap · market cap 3.33%
Second Best
Apartment 5plus
$107.3K
$93.9K – $125.2K
NOI $7,509 @ 7.0% cap · market cap 3.00%
Theoretical Best
Warehouse
$554.1K
$484.8K – $646.4K
NOI $38,784 @ 7.0% cap · market cap 15.51%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
154
Businesses Nearby
Explore this area
Business Placement
Demographics for 54732, WI
2,820
Population
1,243
Households
2.3
Avg Household Size
42
Median Age
12%
College-Educated
91%
High-School Grad
97.6 sq mi
ZIP Area
29
Density / Sq Mi
$64,886
Median Household Income
$39,980
Median Earnings
$800
Median Rent
$173,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Both two-bedroom units are leased to long-term tenants and include laundry hookups.
Where is this duplex located?
The property is located at 1-2-321 N 7th St Cornell, WI.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 full bathroom; Both units rented to long‑term tenants; Laundry hookups in each unit
