Duplex with Detached
For Sale
$419,900
1023 44th St #1025, Kenosha, WI 53140
Each residence has three bedrooms, one full bath, and an additional half bath.
Property Size1,364 SF
Price / SF$307.84
Days on Market18
Property Features for 1023 44th St #1025
General Information
Standard status
Active
Size
1,364 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/1.5BA
Multifamily Units
2
Amenities
gazebo
shared laundry area
Building Details
Year Built
1995
Listing Agency:
Berkshire Hathaway HomeServices Metro Realty
Listed By:
Kani Zumeri · License #zuk3732
(262) 344-3263
Source:
Milwaukeeforeverhome
Added: Oct 5
Changed: Oct 21
Last Checked: Oct 20 at 5:50PM
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 HomeServices Metro Realty
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Investment Insights
Based on property information with market context.
This 1995 duplex is arranged in a townhouse-style configuration, with three bedrooms and one full bathroom plus a half bath in each unit. Both sides have open-plan living areas, high ceilings on the main level, and laminate flooring throughout. Laundry is shared in a room between the units.
Outdoor amenities include a gazebo, and a detached garage provides parking and storage. The property sits on a dead-end street with limited through traffic.
Outdoor amenities include a gazebo, and a detached garage provides parking and storage. The property sits on a dead-end street with limited through traffic.
Key Highlights
- Two units, each with 3 bedrooms and 1.5 bathrooms
- Townhouse‑style layout with open‑plan living areas
- High ceilings on the main level in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,463
Cap Rate
3.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$269,260
$269.3K
Cap Rate 7%
$192,329
$192.3K
Cap Rate 9%
$149,589
$149.6K
Market Conditions
NOI Build-Up for 1,364 SF
Gross rent
$20.5K $15.00/SF
− Vacancy
−$1.2K −$0.90/SF
EGI
$19.2K $14.10/SF
− OpEx
−$5.8K −$4.23/SF
NOI
$13.5K $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 Rate 5%
$269,260
Cap Rate 7%
$192,329
Cap Rate 9%
$149,589
Alternative Uses
Best Use
Multifamily LT 5
$192.3K
$168.3K – $224.4K
NOI $13,463 @ 7.0% cap · market cap 3.21%
Second Best
Apartment 5plus
$178.1K
$155.8K – $207.8K
NOI $12,466 @ 7.0% cap · market cap 2.97%
Theoretical Best
Warehouse
$1.59M
$1.39M – $1.85M
NOI $111,160 @ 7.0% cap · market cap 26.47%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
521
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has three bedrooms, one full bath, and an additional half bath.
Where is this duplex located?
The property is located at 1023 44th St #1025 Kenosha, WI.
What is the asking price?
The asking price for this property is $419,900.
What are key features of this property?
This property features: Two units, each with 3 bedrooms and 1.5 bathrooms; Townhouse‑style layout with open‑plan living areas; High ceilings on the main level in both units
