Two-Unit Duplex with Detached
For Sale
$229,000
1020 S 9th Ave, Wausau, WI 54401
A vacant main-floor residence and an occupied upper apartment provide separate living spaces in a two-story building.
Property Size1,716 SF
Price / SF$133.45
Days on Market22
Property Features for 1020 S 9th Ave
General Information
Standard status
Active
Size
1,716 SF
Total Parking Spaces
2
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,861
Building Details
Buildings
1
Stories
2
Construction
Swiss Tudor
Listing Agency:
eXp Realty, LLC
Listed By:
KEITH RYBACKI · License #87241-94
(715) 571-0479
Source:
Exprealty
Added: Sep 29
Changed: Oct 19
Last Checked: Oct 19 at 2:57PM
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 eXp Realty, LLC
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Investment Insights
Based on property information with market context.
This two-story, cedar-sided duplex contains two separate residences. The main-floor unit is vacant and has two bedrooms, a front office or potential third bedroom, a kitchen, a living room, and a laundry closet. Its kitchen includes a gas range, refrigerator, dishwasher, microwave, washer, dryer, and disposal. The upper unit is occupied by a long-term tenant on a month-to-month lease. It includes one bedroom, a kitchen, a living room, a family room, and a private upper deck. The tenant handles lawn maintenance and snow removal.
A full unfinished basement measures 26x22, with an additional 16x10 storage or workshop room accessible from the main unit. A detached 20x24 garage is shared by both units. The property is located in the Northeast side of Wausau.
A full unfinished basement measures 26x22, with an additional 16x10 storage or workshop room accessible from the main unit. A detached 20x24 garage is shared by both units. The property is located in the Northeast side of Wausau.
Key Highlights
- Two‑story, cedar‑sided duplex with two separate residential units
- Vacant main‑floor unit includes two bedrooms and a front office or potential third bedroom
- Upper apartment has a 20x8 private deck and a tenant with a 10‑year occupancy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,348
Cap Rate
6.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$286,960
$287.0K
Cap Rate 7%
$204,971
$205.0K
Cap Rate 9%
$159,422
$159.4K
Market Conditions
NOI Build-Up for 1,716 SF
Gross rent
$21.6K $12.60/SF
− Vacancy
−$1.1K −$0.66/SF
EGI
$20.5K $11.94/SF
− OpEx
−$6.1K −$3.58/SF
NOI
$14.3K $8.36/SF
Area
Marathon County, WI
Vacancy
5.20%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$286,960
Cap Rate 7%
$204,971
Cap Rate 9%
$159,422
Alternative Uses
Best Use
Multifamily LT 5
$205.0K
$179.4K – $239.1K
NOI $14,348 @ 7.0% cap · market cap 6.27%
Second Best
Apartment 5plus
$184.8K
$161.7K – $215.6K
NOI $12,938 @ 7.0% cap · market cap 5.65%
Theoretical Best
Specialty Retail
$317.0K
$277.4K – $369.9K
NOI $22,193 @ 7.0% cap · market cap 9.69%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
411
Businesses Nearby
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Business Placement
Demographics for 54401, WI
31,727
Population
14,230
Households
2.2
Avg Household Size
40
Median Age
31%
College-Educated
91%
High-School Grad
84.2 sq mi
ZIP Area
377
Density / Sq Mi
$69,542
Median Household Income
$40,796
Median Earnings
$969
Median Rent
$186,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - A vacant main-floor residence and an occupied upper apartment provide separate living spaces in a two-story building.
Where is this duplex located?
The property is located at 1020 S 9th Ave Wausau, WI.
What is the asking price?
The asking price for this property is $229,000.
What are key features of this property?
This property features: Two‑story, cedar‑sided duplex with two separate residential units; Vacant main‑floor unit includes two bedrooms and a front office or potential third bedroom; Upper apartment has a 20x8 private deck and a tenant with a 10‑year occupancy
