Duplex with Rear Parking
New
For Sale
$159,999
1122 S 10th St, Manitowoc, WI 54220
The second residence is arranged as a studio apartment with a walk-in shower.
Property Size3,133 SF
Price / SF$51.07
Days on Market1
Property Features for 1122 S 10th St
General Information
Standard status
Active
Size
3,133 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 3BR, 1 x studio
Multifamily Units
2
Building Details
Year Built
1883
Listing Agency:
Keller Williams Realty-Milwaukee Southwest
(262) 599-8980
Listed By:
Avenue Real Estate
(920) 893-3001
Source:
Avenueret
Added: Oct 30
Last Checked: Oct 30 at 11:50AM
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 Keller Williams Realty-Milwaukee Southwest
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Investment Insights
Based on property information with market context.
This duplex contains two rental units and was built in 1883. The primary unit has three upstairs bedrooms, with a bathroom, living room, and kitchen on the main level. A separate studio-style apartment includes a bathroom with a walk-in shower.
A large parking area is located behind the building.
A large parking area is located behind the building.
Key Highlights
- Two rental units
- Main residence includes 3 upstairs bedrooms
- Second unit is a studio‑style apartment with a walk‑in shower
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,411
Cap Rate
4.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$128,220
$128.2K
Cap Rate 7%
$91,586
$91.6K
Cap Rate 9%
$71,233
$71.2K
Market Conditions
NOI Build-Up for 3,133 SF
Gross rent
$32.0K $10.20/SF
− Vacancy
−$22.8K −$7.28/SF
EGI
$9.2K $2.92/SF
− OpEx
−$2.7K −$0.88/SF
NOI
$6.4K $2.05/SF
Area
Manitowoc County, WI
Vacancy
71.34%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$128,220
Cap Rate 7%
$91,586
Cap Rate 9%
$71,233
Alternative Uses
Best Use
Multifamily LT 5
$91.6K
$80.1K – $106.9K
NOI $6,411 @ 7.0% cap · market cap 4.01%
Second Best
Apartment 5plus
$73.6K
$64.4K – $85.8K
NOI $5,149 @ 7.0% cap · market cap 3.22%
Theoretical Best
Specialty Retail
$686.6K
$600.8K – $801.0K
NOI $48,062 @ 7.0% cap · market cap 30.04%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
908
Businesses Nearby
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Business Placement
Demographics for 54220, WI
40,737
Population
18,942
Households
2.2
Avg Household Size
44
Median Age
24%
College-Educated
91%
High-School Grad
98.7 sq mi
ZIP Area
413
Density / Sq Mi
$65,188
Median Household Income
$40,791
Median Earnings
$790
Median Rent
$159,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - The second residence is arranged as a studio apartment with a walk-in shower.
Where is this duplex located?
The property is located at 1122 S 10th St Manitowoc, WI.
What is the asking price?
The asking price for this property is $159,999.
What are key features of this property?
This property features: Two rental units; Main residence includes 3 upstairs bedrooms; Second unit is a studio‑style apartment with a walk‑in shower
