Fully Occupied Duplex With Vinyl
1026 South 14th Street Manitowoc, WI 54220
1026 South 14th Street, Manitowoc, WI, 54220
$159,900
For Sale
$159,900
Spacious duplex with vinyl windows, a 3-bedroom and a 2-bedroom, both currently occupied; tenants pay utilities.
Property Size7,405 SF
Price / SF$21.59
Days on Market71
Property Features for 1026 South 14th Street
General Information
- Standard status
- Active
- Size
- 7,405 SF
- Property subtype
- Multi-Family / Multi-Family
Building Details
- Year Built
- 1900
Listing agency
Coldwell Banker Real Estate Group~Manitowoc
(920) 242-6550
Listed by
Matthew Mueller · License #55210-90
(920) 242-6550
Source
Compass
Added: May 13 Updated: Jul 21 at 7:58PM Checked: Jul 21 at 7:58PM
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 Coldwell Banker Real Estate Group~Manitowoc
Investment Insights
Based on property information with market context.
This fully occupied duplex is designed for straightforward ownership, with a low-maintenance exterior and vinyl windows throughout. The property includes two spacious units: an upper 3-bedroom and a lower 2-bedroom. The upper unit is currently leased at $995, and the lower unit is month-to-month at $1,150. Tenants are responsible for all utilities.
Located in Manitowoc, the duplex is conveniently positioned close to schools, parks, and everyday amenities, supporting ongoing rental demand.
For investors or buyers looking for a residential income property with an existing tenant setup, this duplex offers two separate units with distinct bedroom configurations and current in-place occupancy.
Located in Manitowoc, the duplex is conveniently positioned close to schools, parks, and everyday amenities, supporting ongoing rental demand.
For investors or buyers looking for a residential income property with an existing tenant setup, this duplex offers two separate units with distinct bedroom configurations and current in-place occupancy.
Key Highlights
- Fully occupied duplex with a 3‑bedroom unit and a 2‑bedroom unit
- Upper unit leased at $995; lower unit is MTM at $1,150
- Tenants are responsible for all utilities
Local Financial Insights For Apartment 5plus
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 | $88.9k | $12.00 |
| − Vacancy | −$66.7k | −$9.01 |
| EGI | $22.1k | $2.99 |
| − OpEx | −$10.0k | −$1.34 |
| NOI | $12.2k | $1.64 |
7,405 SF · lease $12.00/SF/yr · vacancy 75.10% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$216.5K
$189.4K – $252.6K
NOI $15,153 @ 7.0% cap · market cap 9.48%
Second Best
Apartment 5plus
$173.8K
$152.1K – $202.8K
NOI $12,169 @ 7.0% cap · market cap 7.61%
Theoretical Best
Specialty Retail
$1.62M
$1.42M – $1.89M
NOI $113,596 @ 7.0% cap · market cap 71.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Fast Grass Lawns ...
Landscaping
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FAQs
What type of property is this?
Duplex - Spacious duplex with vinyl windows, a 3-bedroom and a 2-bedroom, both currently occupied; tenants pay utilities.
Where is this duplex located?
The property is located at 1026 South 14th Street Manitowoc, WI.
What is the asking price?
The asking price for this property is $159,900.
What are key features of this property?
This property features: Fully occupied duplex with a 3‑bedroom unit and a 2‑bedroom unit; Upper unit leased at $995; lower unit is MTM at $1,150; Tenants are responsible for all utilities
