Duplex with Enclosed
New
For Sale
$389,000
114 N Winnebago St, De Pere, WI 54115
Two apartments share laundry and storage, with a basement recreation room and fireplace.
Property Size1,960 SF
Price / SF$198.47
Days on Market3
Property Features for 114 N Winnebago St
General Information
Standard status
Active
Size
1,960 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Amenities
outdoor balcony space
four-season enclosed porch
rec room with fireplace
shared laundry and storage room
Building Details
Year Built
1920
Listed By:
Tiffany Holtz | Coldwell Banker
(920) 574-4422
Source:
Tiffanyholtz
Added: Oct 28
Last Checked: Oct 28 at 6:59AM
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
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Investment Insights
Based on property information with market context.
This 1,960-square-foot duplex, built in 1920, is arranged as upper and lower apartments with two bedrooms apiece. The upper residence has one bathroom and a balcony. The lower residence includes one and a half bathrooms, a bonus room, and a four-season enclosed porch. A basement recreation room with a fireplace, shared laundry, and storage serve the property. Updates to the lower unit include a remodeled kitchen, carpeting, and paint.
The property is within walking distance of the Mulva Cultural Center, De Pere Farmers Market, local shops, restaurants, and other attractions.
The property is within walking distance of the Mulva Cultural Center, De Pere Farmers Market, local shops, restaurants, and other attractions.
Key Highlights
- Upper and lower apartments, each with 2 bedrooms
- 1,960‑square‑foot duplex built in 1920
- Upper unit has 1 bathroom and a balcony
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,569
Cap Rate
4.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$371,380
$371.4K
Cap Rate 7%
$265,271
$265.3K
Cap Rate 9%
$206,322
$206.3K
Market Conditions
NOI Build-Up for 1,960 SF
Gross rent
$27.5K $14.04/SF
− Vacancy
−$991 −$0.51/SF
EGI
$26.5K $13.53/SF
− OpEx
−$8.0K −$4.06/SF
NOI
$18.6K $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%
$371,380
Cap Rate 7%
$265,271
Cap Rate 9%
$206,322
Alternative Uses
Best Use
Multifamily LT 5
$265.3K
$232.1K – $309.5K
NOI $18,569 @ 7.0% cap · market cap 4.77%
Second Best
Apartment 5plus
$245.1K
$214.4K – $285.9K
NOI $17,155 @ 7.0% cap · market cap 4.41%
Theoretical Best
Warehouse
$1.64M
$1.43M – $1.91M
NOI $114,726 @ 7.0% cap · market cap 29.49%
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
572
Businesses Nearby
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Business Placement
Demographics for 54115, WI
48,710
Population
20,415
Households
2.4
Avg Household Size
37
Median Age
40%
College-Educated
96%
High-School Grad
124.0 sq mi
ZIP Area
393
Density / Sq Mi
$92,023
Median Household Income
$46,843
Median Earnings
$1,071
Median Rent
$307,800
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 - Two apartments share laundry and storage, with a basement recreation room and fireplace.
Where is this duplex located?
The property is located at 114 N Winnebago St De Pere, WI.
What is the asking price?
The asking price for this property is $389,000.
What are key features of this property?
This property features: Upper and lower apartments, each with 2 bedrooms; 1,960‑square‑foot duplex built in 1920; Upper unit has 1 bathroom and a balcony
