12-Unit Quadplex
For Sale
$1,100,000
Pending
1091 - 1147 6TH STREET, Port Edwards, WI 54469
Multi-Family, Port Edwards, WI
Property Size13,104 SF
Lot Size4.95 Acres
Days on Market55
Property Features for 1091 - 1147 6TH STREET
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Commercial
Bedrooms
16
Bathrooms
16
Full bathrooms
16
Rooms
Bathroom 15, Bedroom 10, Bedroom 5, Bathroom 13, Bedroom 11, Bathroom 7, Bedroom 4, Bathroom 10, Bathroom 3, Bedroom 8, Bathroom 14, Bathroom 16, Bathroom 8, Bedroom 16, Bathroom 5, Bedroom 9, Bedroom 14, Bathroom 4, Bedroom 7, Bathroom 12, Bathroom 11, Bathroom 9, Bathroom 2, Bedroom 15, Bedroom 2, Bedroom 3, Bedroom 1, Bedroom 6, Bedroom 12, Bedroom 13, Bathroom 6, Bathroom 1
Parking features
Driveway
Patio and Porch features
Porch
Interior features
Ceiling Fan(s), Smoke Detector, Garage Door Opener, Cable Hookup, Carpet, Vinyl Floors
Appliances
Refrigerator, Range, Dishwasher, Microwave
Directions
W on Ver Bunker to 6th
Subdivision
Wisconsin Rapids
Standard status
Pending
Lot size
4.95 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
22604
Utilities
Heating system
Hot Water(Heating)
Building Details
Year built
2014
Floors in Building
1
Number of units
12
Building materials
Vinyl, Brick/Stone
Roof type
Shingle
Listing Agency:
COLDWELL BANKER- SIEWERT REALTORS · Coldwell Banker Real Estate
(715) 424-4800
Listed By:
JOHN JR SIEWERT · License #2993490
(715) 570-4085
Added: Jun 30
Changed: Aug 19
Last Checked: Aug 23 at 3:06AM
MLS# 22603001
Copyright © 2026 Central Wisconsin MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This offering includes three quadplex buildings operated as a 12-unit residential portfolio. The units are described as well-maintained and are currently 100% occupied, with each residence featuring an attached single-car garage and a covered front porch. The floor plan is open from living through dining, with a kitchen that includes ample cabinetry, pantry space, and provided appliances including a refrigerator, range, dishwasher, and microwave. Each unit is reported to offer two bedrooms, 1.5 bathrooms, a laundry/mudroom, and a separate utility room. Construction is described as phased across the three buildings, with Building 1 completed in 2014, Building 2 completed in 2017, and Building 3 completed in 2018, and amenities noted to include in-floor hydronic heat. The portfolio sits on a single 4.950-acre tax parcel.
The property is located in Port Edwards, Wisconsin at 1091 - 1147 6TH STREET (as provided), positioned on a quiet cul-de-sac within a wooded setting. The landlord is responsible for lawn care and snow removal, which can reduce tenant burden and help maintain the exterior environment. The area is noted to be convenient to local amenities including Ripple Creek Park and access to the Ahdawagum Trail system.
For investors or operators seeking a turnkey, fully leased multifamily portfolio, the documented unit mix and in-unit features support long-term residential use. The combination of private attached garages, covered porches, and laundry/mudroom layouts may appeal to tenants looking for day-to-day convenience. Units also vary in interior finish, with the remarks noting that some units have carpet in the living/dining area and bedrooms.
The property is located in Port Edwards, Wisconsin at 1091 - 1147 6TH STREET (as provided), positioned on a quiet cul-de-sac within a wooded setting. The landlord is responsible for lawn care and snow removal, which can reduce tenant burden and help maintain the exterior environment. The area is noted to be convenient to local amenities including Ripple Creek Park and access to the Ahdawagum Trail system.
For investors or operators seeking a turnkey, fully leased multifamily portfolio, the documented unit mix and in-unit features support long-term residential use. The combination of private attached garages, covered porches, and laundry/mudroom layouts may appeal to tenants looking for day-to-day convenience. Units also vary in interior finish, with the remarks noting that some units have carpet in the living/dining area and bedrooms.
Key Highlights
- 12‑unit multifamily portfolio: three quadplex buildings on a single 4.950‑acre tax parcel
- 100% occupancy with all 12 units currently leased
- Each unit is 1,092 SF with 2 bedrooms and 1.5 bathrooms, plus a laundry/mudroom and separate utility room
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$86,545
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.87%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,730,900
$1.7M
Cap Rate 7%
$1,236,357
$1.2M
Cap Rate 9%
$961,611
$961.6K
Market Conditions
NOI Build-Up for 13,104 SF
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.
Gross rent
$133.7K $10.20/SF
− Vacancy
−$10.0K −$0.77/SF
EGI
$123.6K $9.44/SF
− OpEx
−$37.1K −$2.83/SF
NOI
$86.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,730,900
Cap Rate 7%
$1,236,357
Cap Rate 9%
$961,611
Alternative Uses
Best Use
Multifamily LT 5
$1.24M
$1.08M – $1.44M
NOI $86,545 @ 7.0% cap · market cap 7.87%
Second Best
Apartment 5plus
$1.15M
$1.01M – $1.34M
NOI $80,605 @ 7.0% cap · market cap 7.33%
Theoretical Best
Specialty Retail
$2.54M
$2.22M – $2.97M
NOI $177,954 @ 7.0% cap · market cap 16.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
12
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
30
Businesses Nearby
Explore this area
Business Placement
Demographics for 54469, WI
1,734
Population
742
Households
2.3
Avg Household Size
45
Median Age
24%
College-Educated
92%
High-School Grad
2.6 sq mi
ZIP Area
667
Density / Sq Mi
$74,688
Median Household Income
$39,674
Median Earnings
$877
Median Rent
$143,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Three quadplex buildings totaling 12 leased residences with attached garages and private porches.
Where is this quadplex located?
The property is located at 1091 - 1147 6TH STREET Port Edwards, WI.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 12‑unit multifamily portfolio: three quadplex buildings on a single 4.950‑acre tax parcel; 100% occupancy with all 12 units currently leased; Each unit is 1,092 SF with 2 bedrooms and 1.5 bathrooms, plus a laundry/mudroom and separate utility room
