Brick Duplex with In-Unit
For Sale
$245,000
Pending
1016 8th St S, La Crosse, WI 54601
Two residential units provide updated interiors, private laundry, porch space, and off-street parking.
Property Size2,220 SF
Days on Market14
Property Features for 1016 8th St S
General Information
Standard status
Pending
Size
2,220 SF
Property subtype
Residential Income
Additional Details
Gross Income
$30,720
Taxes and HOA fees
Annual Taxes
$4,678
Amenities
in-unit laundry
wrap around front porch
Building Details
Buildings
1
Construction
brick
Tenancy
Multi
Listing Agency:
@properties La Crosse
(608) 769-6893
Listed By:
William Vaughn Favre
(608) 769-6893
Source:
Exprealty
Added: Jul 23
Changed: Aug 2
Last Checked: Aug 2 at 2:52AM
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 @properties La Crosse
Investment Insights
Based on property information with market context.
This 2,220-square-foot brick duplex is arranged as upper and lower residences. The lower unit includes 3 bedrooms and 1 bathroom, while the upper unit has 2 bedrooms and 1 bathroom. Both apartments feature spacious rooms, fresh paint, updated flooring, and in-unit laundry. Exterior amenities include a wraparound front porch, a yard, and off-street parking accessed from the alley.
The property is near Viterbo University and Gundersen Health System. Both units are currently leased through May 2027, providing an established occupancy schedule for the next several years.
The property is near Viterbo University and Gundersen Health System. Both units are currently leased through May 2027, providing an established occupancy schedule for the next several years.
Key Highlights
- 2,220‑square‑foot brick duplex with upper and lower units
- Lower residence offers 3 bedrooms and 1 bathroom
- Upper residence includes 2 bedrooms and 1 bathroom
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $30.6k | $13.80 |
| − Vacancy | −$2.0k | −$0.90 |
| EGI | $28.6k | $12.90 |
| − OpEx | −$8.6k | −$3.87 |
| NOI | $20.1k | $9.03 |
2,220 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$286.4K
$250.6K – $334.2K
NOI $20,051 @ 7.0% cap · market cap 8.18%
Second Best
Apartment 5plus
$257.7K
$225.5K – $300.7K
NOI $18,042 @ 7.0% cap · market cap 7.36%
Theoretical Best
Specialty Retail
$485.5K
$424.8K – $566.4K
NOI $33,986 @ 7.0% cap · market cap 13.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,886
Businesses Nearby
Explore this area
Business Placement
Demographics for 54601, WI
51,090
Population
22,652
Households
2.3
Avg Household Size
32
Median Age
40%
College-Educated
96%
High-School Grad
75.4 sq mi
ZIP Area
678
Density / Sq Mi
$60,078
Median Household Income
$31,143
Median Earnings
$998
Median Rent
$220,200
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 residential units provide updated interiors, private laundry, porch space, and off-street parking.
Where is this duplex located?
The property is located at 1016 8th St S La Crosse, WI.
What is the asking price?
The asking price for this property is $245,000.
What are key features of this property?
This property features: 2,220‑square‑foot brick duplex with upper and lower units; Lower residence offers 3 bedrooms and 1 bathroom; Upper residence includes 2 bedrooms and 1 bathroom
