Listing Agency: eXp Realty, LLC w***@exprealty.net

Listed By: KEITH RYBACKI · License #87241-94 Show Phone

Source: Exprealty

Added: Sep 29 Changed: Sep 30 Last Checked: Oct 5 at 8:33PM

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Investment Insights

Based on property information with market context.

This two-story, cedar-sided duplex contains 1,716 square feet and has separate living spaces on the upper and main floors. The upper unit includes a kitchen, bedroom, full bath, living room, family room, and a private 20-by-8-foot deck; it also has a separate rear entrance. The main-floor unit offers two bedrooms, a living room, kitchen, full bath, laundry closet, and an entry area with built-ins that can serve as an office or third bedroom. A full unfinished basement measures 26 by 22 feet, with an additional 16-by-10-foot storage and workshop room accessible from the main level. A detached 20-by-24-foot garage is shared between the units.

The upper residence is occupied by a tenant with a 10-year tenancy on a month-to-month lease. The main-floor unit is vacant. Kitchens in both units include gas ranges and refrigerators; the main-floor kitchen also has a dishwasher, microwave, washer, dryer, and disposal.

Key Highlights

• Two‑story, cedar‑sided duplex with 1,716 square feet
• Upper unit has a 10‑year tenant on a month‑to‑month lease; main‑floor unit is vacant
• Private upper‑level deck measures 20x8

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$14,348

Cap Rate

6.00%

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 (±1% cap)

NOI $14,348 @ 7.0% cap · market cap 6.00%

Second Best

Apartment 5plus

$184.8K

$161.7K – $215.6K (±1% cap)

NOI $12,938 @ 7.0% cap · market cap 5.41%

Theoretical Best

Specialty Retail

$317.0K

$277.4K – $369.9K (±1% cap)

NOI $22,193 @ 7.0% cap · market cap 9.29%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Kitchen & Bath Showroom Garden Center Electrical Service HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

411

Businesses Nearby

Explore this area 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

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Questions? Ask Rey

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What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Duplex - The upper unit has a long-term month-to-month tenant, while the main-floor residence is vacant.

Where is this duplex located?

The property is located at 1020 S 9th Avenue Wausau, WI.

What is the asking price?

The asking price for this property is $239,000.

What are key features of this property?

This property features: Two‑story, cedar‑sided duplex with 1,716 square feet; Upper unit has a 10‑year tenant on a month‑to‑month lease; main‑floor unit is vacant; Private upper‑level deck measures 20x8