Two-Story Duplex with Separate
For Sale
$279,900
117 E Walters St, Port Washington, WI 53074
Income property with two two-bedroom units, including an updated upper residence and separate utility metering.
Property Size1,665 SF
Price / SF$168.11
Days on Market57
Property Features for 117 E Walters St
General Information
Standard status
Active
Size
1,665 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Building Details
Year Built
1887
Stories
2
Listing Agency:
Premier Point Realty LLC
Listed By:
Avenue Real Estate
(920) 893-3001
Source:
Avenueret
Added: Aug 19
Changed: Oct 13
Last Checked: Oct 12 at 8:18PM
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 Premier Point Realty LLC
Investment Insights
Based on property information with market context.
Built in 1887, this 1,665-square-foot duplex contains two residential units, each arranged with two bedrooms and one bathroom. The upper residence includes newer LVP flooring, a tiled tub and shower, updated countertops, and lower kitchen cabinetry. Two new boilers support the building, while separate utilities provide distinct service for each unit.
The property is located at 117 E Walters St in Port Washington, Wisconsin. Its two-story configuration offers a practical layout for an owner-occupant or residential income operation, with improvements concentrated in the upper unit and core building systems recently upgraded.
The property is located at 117 E Walters St in Port Washington, Wisconsin. Its two-story configuration offers a practical layout for an owner-occupant or residential income operation, with improvements concentrated in the upper unit and core building systems recently upgraded.
Key Highlights
- Two‑unit duplex with 2 bedrooms and 1 bathroom per residence
- 1,665 SF building constructed in 1887
- Upper unit features newer LVP flooring and tiled tub/shower
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,973
Cap Rate
6.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$359,460
$359.5K
Cap Rate 7%
$256,757
$256.8K
Cap Rate 9%
$199,700
$199.7K
Market Conditions
NOI Build-Up for 1,665 SF
Gross rent
$27.2K $16.32/SF
− Vacancy
−$1.5K −$0.90/SF
EGI
$25.7K $15.42/SF
− OpEx
−$7.7K −$4.63/SF
NOI
$18.0K $10.79/SF
Area
Ozaukee County, WI
Vacancy
5.51%
Lease Rate
$16.32 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$359,460
Cap Rate 7%
$256,757
Cap Rate 9%
$199,700
Alternative Uses
Best Use
Multifamily LT 5
$256.8K
$224.7K – $299.6K
NOI $17,973 @ 7.0% cap · market cap 6.42%
Second Best
Apartment 5plus
$236.6K
$207.0K – $276.1K
NOI $16,563 @ 7.0% cap · market cap 5.92%
Theoretical Best
Office A
$392.3K
$343.3K – $457.7K
NOI $27,461 @ 7.0% cap · market cap 9.81%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
146
Businesses Nearby
Explore this area
Business Placement
Demographics for 53074, WI
13,379
Population
5,859
Households
2.3
Avg Household Size
42
Median Age
36%
College-Educated
96%
High-School Grad
30.3 sq mi
ZIP Area
442
Density / Sq Mi
$78,944
Median Household Income
$48,089
Median Earnings
$1,024
Median Rent
$276,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Income property with two two-bedroom units, including an updated upper residence and separate utility metering.
Where is this duplex located?
The property is located at 117 E Walters St Port Washington, WI.
What is the asking price?
The asking price for this property is $279,900.
What are key features of this property?
This property features: Two‑unit duplex with 2 bedrooms and 1 bathroom per residence; 1,665 SF building constructed in 1887; Upper unit features newer LVP flooring and tiled tub/shower
