Building Details

Year Built 1991

Buildings 1

Listed By: Tiffany Holtz | Coldwell Banker Show Phone

Source: Tiffanyholtz

Added: Jul 30 Changed: Aug 31 Last Checked: Aug 28 at 10:17AM

Report an Issue

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 Tiffany Holtz | Coldwell Banker

Investment Insights

Based on property information with market context.

This 2,812-square-foot duplex, built in 1991, contains two side-by-side units with zero-entry access and first-floor laundry. Each residence includes an open kitchen and living area, a sunroom, and a private patio enclosed by a privacy fence. Recent property improvements include ColorGuard siding, water heaters, sump pumps, stamped concrete patios, water softeners, boiler units, roofing, gutters, and downspouts.

At 1051 Main St in Wrightstown, Wisconsin, one unit is vacant and ready for occupancy while the other is leased to a long-term tenant. The arrangement supports either continued rental use or an owner-occupancy strategy, with one residence available for immediate use and the second producing rental income.

Key Highlights

• 2,812‑square‑foot duplex on a 0.17‑acre lot
• Built in 1991 with two side‑by‑side units
• Unit 1053 is vacant and move‑in ready

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$26,641

Cap Rate

6.74%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$532,820 $532.8K

Cap Rate 7%

$380,586 $380.6K

Cap Rate 9%

$296,011 $296.0K

Market Conditions

NOI Build-Up for 2,812 SF

Gross rent

$39.5K $14.04/SF

− Vacancy

−$1.4K −$0.51/SF

EGI

$38.1K $13.53/SF

− OpEx

−$11.4K −$4.06/SF

NOI

$26.6K $9.47/SF

Area

Brown County, WI

Vacancy

3.60%

Lease Rate

$14.04 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$532,820

Cap Rate 7%

$380,586

Cap Rate 9%

$296,011

Alternative Uses

Best Use

Multifamily LT 5

$380.6K

$333.0K – $444.0K (±1% cap)

NOI $26,641 @ 7.0% cap · market cap 6.74%

Second Best

Apartment 5plus

$351.6K

$307.7K – $410.2K (±1% cap)

NOI $24,612 @ 7.0% cap · market cap 6.23%

Theoretical Best

Warehouse

$2.35M

$2.06M – $2.74M (±1% cap)

NOI $164,597 @ 7.0% cap · market cap 41.67%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Duplexes

Suggested Use

Top Pick Plumbing Service Real Estate Agency Grocery & Convenience Store Bakery Hair Salon (Bike/Boat/Book/etc) Store

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

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

94

Businesses Nearby

Explore this area Business Placement

Demographics for 54180, WI

3,268

Population

1,264

Households

2.6

Avg Household Size

35

Median Age

46%

College-Educated

95%

High-School Grad

5.9 sq mi

ZIP Area

554

Density / Sq Mi

$101,731

Median Household Income

$51,982

Median Earnings

$1,272

Median Rent

$275,200

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

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

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?

Frequently Asked Questions

What type of property is this?

Duplex - Two units feature zero-entry access, first-floor laundry, sunrooms, and private patios with privacy fencing.

Where is this duplex located?

The property is located at 1051 Main St Wrightstown, WI.

What is the asking price?

The asking price for this property is $395,000.

What are key features of this property?

This property features: 2,812‑square‑foot duplex on a 0.17‑acre lot; Built in 1991 with two side‑by‑side units; Unit 1053 is vacant and move‑in ready