Two-Unit Duplex with
For Sale
$239,500
109-111 S Adams Avenue, Marshfield, WI 54449
Both residences are leased and include private decks, garage parking, and additional parking pads.
Property Size2,000 SF
Price / SF$119.75
Days on Market10
Property Features for 109-111 S Adams Avenue
General Information
Standard status
Active
Size
2,000 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
garden shed
decks
Building Details
Year Built
1979
Buildings
1
Tenancy
Multi
Listing Agency:
Redman Realty Group, LLC
(715) 358-0450
Listed By:
Kelly Weiler
(715) 965-1234
Source:
Familytreerealtyllc
Added: Sep 28
Changed: Oct 6
Last Checked: Oct 5 at 6:42PM
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 Redman Realty Group, LLC
Investment Insights
Based on property information with market context.
Built in 1979, this bi-level duplex contains two residences, each with 2 bedrooms and 1 bathroom. Both units have kitchens with patio doors opening onto decks, along with one-car garages and separate parking pads. Vinyl siding and vinyl windows provide low-maintenance exterior finishes, while some flooring has been updated. A garden shed adds storage, and the property occupies a mature lot. Both sides are currently rented.
Key Highlights
- Two residences, each with 2 bedrooms and 1 bathroom
- Built in 1979
- One‑car garage and an additional parking pad for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,209
Cap Rate
5.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$264,180
$264.2K
Cap Rate 7%
$188,700
$188.7K
Cap Rate 9%
$146,767
$146.8K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$20.4K $10.20/SF
− Vacancy
−$1.5K −$0.77/SF
EGI
$18.9K $9.44/SF
− OpEx
−$5.7K −$2.83/SF
NOI
$13.2K $6.60/SF
Area
Wood County, WI
Vacancy
7.50%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$264,180
Cap Rate 7%
$188,700
Cap Rate 9%
$146,767
Alternative Uses
Best Use
Multifamily LT 5
$188.7K
$165.1K – $220.2K
NOI $13,209 @ 7.0% cap · market cap 5.52%
Second Best
Apartment 5plus
$175.7K
$153.8K – $205.0K
NOI $12,302 @ 7.0% cap · market cap 5.14%
Theoretical Best
Specialty Retail
$388.0K
$339.5K – $452.7K
NOI $27,160 @ 7.0% cap · market cap 11.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
130
Businesses Nearby
Explore this area
Business Placement
Demographics for 54449, WI
26,417
Population
12,455
Households
2.1
Avg Household Size
43
Median Age
27%
College-Educated
94%
High-School Grad
172.4 sq mi
ZIP Area
153
Density / Sq Mi
$66,611
Median Household Income
$43,612
Median Earnings
$812
Median Rent
$194,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Both residences are leased and include private decks, garage parking, and additional parking pads.
Where is this duplex located?
The property is located at 109-111 S Adams Avenue Marshfield, WI.
What is the asking price?
The asking price for this property is $239,500.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 bathroom; Built in 1979; One‑car garage and an additional parking pad for each unit
