Updated Two-Unit Duplex
1119 Dewey Avenue Beloit, WI 53511
1119 Dewey Avenue, Beloit, WI, 53511
$298,500
For Sale
$298,500
Fully updated duplex with two units, including a 1.5-car garage, multiple parking pads, and potential for easy single-family conversion.
Property Size2,248 SF
Price / SF$132.78
Days on Market78
Property Features for 1119 Dewey Avenue
General Information
- Standard status
- Active
- Size
- 2,248 SF
- Property subtype
- Multi Family / 2 story
Building Details
- Year Built
- 1848
Listing agency
DICKERSON & NIEMAN
(815) 378-7749
Listed by
Julie Wilson · License #475138390
(815) 378-7749
Source
Compass
Added: May 5 Updated: Jul 21 at 12:16AM Checked: Jul 21 at 6:19AM
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 DICKERSON & NIEMAN
Investment Insights
Based on property information with market context.
This fully updated two-unit duplex offers flexible living arrangements with an easy conversion back to a single-family home. Unit 1 features a spacious living/dining/kitchen combo, three upper-level bedrooms, and an updated full bath. Unit 2 includes a well-appointed kitchen opening to a large dining area and 4-season room with French doors to a pavers patio, along with a sizable family room, an oversized main-floor bedroom, and an updated bath with a tiled shower. The lower level provides a rec room, flexible space suitable for a home gym or workshop, and a laundry area with dual washer/dryer hookups.
The property also features a nice-sized backyard with a pavers patio, plus ample parking supported by an oversized 1.5-car garage and two large parking pads.
Recent improvements include a newer furnace, A/C, walls, ceiling, paint, woodwork, numerous windows, lighting, fixtures, electric, plumbing, and insulation.
The property also features a nice-sized backyard with a pavers patio, plus ample parking supported by an oversized 1.5-car garage and two large parking pads.
Recent improvements include a newer furnace, A/C, walls, ceiling, paint, woodwork, numerous windows, lighting, fixtures, electric, plumbing, and insulation.
Key Highlights
- Fully updated 2‑family duplex with 2 units plus easy conversion back to a single‑family home
- 1.5‑car garage and ample parking with 2 large parking pads
- Unit 1 includes LR/DR/KIT combo, 3 upper‑level bedrooms, and an updated full bath
Local Financial Insights For Multifamily LT 5
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 | $31.0k | $13.80 |
| − Vacancy | −$1.4k | −$0.62 |
| EGI | $29.6k | $13.18 |
| − OpEx | −$8.9k | −$3.95 |
| NOI | $20.7k | $9.23 |
2,248 SF · lease $13.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$296.3K
$259.2K – $345.6K
NOI $20,738 @ 7.0% cap · market cap 6.95%
Second Best
Apartment 5plus
$260.4K
$227.9K – $303.9K
NOI $18,231 @ 7.0% cap · market cap 6.11%
Theoretical Best
Office A
$540.2K
$472.7K – $630.3K
NOI $37,815 @ 7.0% cap · market cap 12.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Fully updated duplex with two units, including a 1.5-car garage, multiple parking pads, and potential for easy single-family conversion.
Where is this duplex located?
The property is located at 1119 Dewey Avenue Beloit, WI.
What is the asking price?
The asking price for this property is $298,500.
What are key features of this property?
This property features: Fully updated 2‑family duplex with 2 units plus easy conversion back to a single‑family home; 1.5‑car garage and ample parking with 2 large parking pads; Unit 1 includes LR/DR/KIT combo, 3 upper‑level bedrooms, and an updated full bath
