Two-Unit Duplex with
For Sale
$235,000
1007 43rd St, Kenosha, WI 53140
Upper and lower residences each provide one bedroom, with single-family use also identified as an option.
Property Size1,238 SF
Price / SF$189.82
Days on Market12
Property Features for 1007 43rd St
General Information
Standard status
Active
Size
1,238 SF
Total Parking Spaces
1
Property subtype
Residential Income
Units
Unit Mix
2 x 1BR
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,043
Listing Agency:
Berkshire Hathaway Home Services Epic Real Estate
(262) 883-5605
Listed By:
Lewis Pruitt
(262) 883-5605
Source:
Exprealty
Added: Aug 11
Changed: Aug 20
Last Checked: Aug 21 at 10:20AM
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 Berkshire Hathaway Home Services Epic Real Estate
Investment Insights
Based on property information with market context.
This duplex at 1007 43rd St includes separate upper and lower residences, each configured with one bedroom. The property measures 1,238 square feet and includes a one-car garage. Its layout also supports use as a single-family home, providing an alternative to operating the property as two residences.
The property is located in Kenosha, WI, near the lake and local amenities. The two-level configuration and garage provide a practical setup for rental operation or flexible personal use.
The property is located in Kenosha, WI, near the lake and local amenities. The two-level configuration and garage provide a practical setup for rental operation or flexible personal use.
Key Highlights
- Two residences, each with 1 bedroom
- Upper and lower unit layout
- 1,238 square feet of property size
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
$12,219
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
5.20%
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%
$244,380
$244.4K
Cap Rate 7%
$174,557
$174.6K
Cap Rate 9%
$135,767
$135.8K
Market Conditions
NOI Build-Up for 1,238 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
$18.6K $15.00/SF
− Vacancy
−$1.1K −$0.90/SF
EGI
$17.5K $14.10/SF
− OpEx
−$5.2K −$4.23/SF
NOI
$12.2K $9.87/SF
Area
Kenosha County, WI
Vacancy
6.00%
Lease Rate
$15.00 /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%
$244,380
Cap Rate 7%
$174,557
Cap Rate 9%
$135,767
Alternative Uses
Best Use
Multifamily LT 5
$174.6K
$152.7K – $203.7K
NOI $12,219 @ 7.0% cap · market cap 5.20%
Second Best
Apartment 5plus
$161.6K
$141.4K – $188.6K
NOI $11,314 @ 7.0% cap · market cap 4.81%
Theoretical Best
Warehouse
$1.44M
$1.26M – $1.68M
NOI $100,892 @ 7.0% cap · market cap 42.93%
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
521
Businesses Nearby
Explore this area
Business Placement
Demographics for 53140, WI
30,571
Population
14,065
Households
2.2
Avg Household Size
36
Median Age
28%
College-Educated
90%
High-School Grad
7.9 sq mi
ZIP Area
3,870
Density / Sq Mi
$56,803
Median Household Income
$34,154
Median Earnings
$1,018
Median Rent
$191,400
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 - Upper and lower residences each provide one bedroom, with single-family use also identified as an option.
Where is this duplex located?
The property is located at 1007 43rd St Kenosha, WI.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: Two residences, each with 1 bedroom; Upper and lower unit layout; 1,238 square feet of property size
