Two-Unit Duplex with Separate
For Sale
$130,000
1011 10th Avenue North, Wisconsin Rapids, WI 54495
Each residence has its own utilities, and kitchen appliances are included in the sale.
Property Size1,682 SF
Price / SF$77.29
Days on Market23
Property Features for 1011 10th Avenue North
General Information
Standard status
Active
Size
1,682 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 2BR
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,906
Building Details
Buildings
1
Listing Agency:
TERRY WOLFE REALTY
Listed By:
TERRY WOLFE II · License #3919890
(715) 459-6734
Source:
Exprealty
Added: Sep 22
Changed: Oct 12
Last Checked: Oct 12 at 9:18PM
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 TERRY WOLFE REALTY
Investment Insights
Based on property information with market context.
This duplex contains two residences: a 1,054-square-foot lower unit and a 628-square-foot upper unit. The lower residence has two bedrooms, a kitchen, a dining area with laundry hookups, and basement access from the porch. Upstairs, the two-bedroom layout includes an eat-in kitchen and living room with patio doors opening to an upper deck. Kitchen appliances are included, and the units have separate utilities.
Key Highlights
- Two residences with separate utilities
- Lower unit measures 1, 054 sq. ft. and has 2 bedrooms
- Upper unit measures 628 sq. ft. and has 2 bedrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,109
Cap Rate
8.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$222,180
$222.2K
Cap Rate 7%
$158,700
$158.7K
Cap Rate 9%
$123,433
$123.4K
Market Conditions
NOI Build-Up for 1,682 SF
Gross rent
$17.2K $10.20/SF
− Vacancy
−$1.3K −$0.77/SF
EGI
$15.9K $9.44/SF
− OpEx
−$4.8K −$2.83/SF
NOI
$11.1K $6.60/SF
Area
Wood County, WI
Vacancy
7.50%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$222,180
Cap Rate 7%
$158,700
Cap Rate 9%
$123,433
Alternative Uses
Best Use
Multifamily LT 5
$158.7K
$138.9K – $185.2K
NOI $11,109 @ 7.0% cap · market cap 8.55%
Second Best
Apartment 5plus
$147.8K
$129.3K – $172.4K
NOI $10,346 @ 7.0% cap · market cap 7.96%
Theoretical Best
Specialty Retail
$326.3K
$285.5K – $380.7K
NOI $22,842 @ 7.0% cap · market cap 17.57%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
83
Businesses Nearby
Explore this area
Business Placement
Demographics for 54495, WI
7,638
Population
3,605
Households
2.1
Avg Household Size
40
Median Age
12%
College-Educated
91%
High-School Grad
104.0 sq mi
ZIP Area
73
Density / Sq Mi
$49,476
Median Household Income
$32,586
Median Earnings
$804
Median Rent
$117,900
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 - Each residence has its own utilities, and kitchen appliances are included in the sale.
Where is this duplex located?
The property is located at 1011 10th Avenue North Wisconsin Rapids, WI.
What is the asking price?
The asking price for this property is $130,000.
What are key features of this property?
This property features: Two residences with separate utilities; Lower unit measures 1, 054 sq. ft. and has 2 bedrooms; Upper unit measures 628 sq. ft. and has 2 bedrooms
