Duplex with
For Sale
$230,000
1202/1204 S 19th St, Sheboygan, WI 53081
Two-unit property with one occupied residence and a second unit suited for renovation.
Property Size2,277 SF
Price / SF$101.01
Days on Market64
Property Features for 1202/1204 S 19th St
General Information
Standard status
Active
Size
2,277 SF
Property subtype
Residential Income
Property Condition
Severity
Repairs Needed
Evidence
ready for some TLC
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,814
Listing Agency:
Realty of America LLC
(708) 323-1560
Listed By:
Becky Fellows
(920) 207-4935
Source:
Exprealty
Added: Aug 12
Changed: Oct 13
Last Checked: Oct 12 at 9:27PM
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 Realty of America LLC
Investment Insights
Based on property information with market context.
This duplex at 1202/1204 S 19th St in Sheboygan contains approximately 2,277 square feet across two residential units. The lower residence is vacant and requires renovation, while the upper unit is occupied by a long-term tenant, creating an existing rental component. Both units provide substantial living areas, and the property includes a backyard.
The address places the property in Sheboygan, Wisconsin. Its two-unit configuration supports a range of ownership approaches, including renovation of the vacant residence while retaining the existing tenancy in the upper unit.
The address places the property in Sheboygan, Wisconsin. Its two-unit configuration supports a range of ownership approaches, including renovation of the vacant residence while retaining the existing tenancy in the upper unit.
Key Highlights
- 2,277‑square‑foot duplex at 1202/1204 S 19th St
- Lower unit is vacant and requires renovation
- Upper unit has a long‑term tenant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,179
Cap Rate
8.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$383,580
$383.6K
Cap Rate 7%
$273,986
$274.0K
Cap Rate 9%
$213,100
$213.1K
Market Conditions
NOI Build-Up for 2,277 SF
Gross rent
$28.7K $12.60/SF
− Vacancy
−$1.3K −$0.57/SF
EGI
$27.4K $12.03/SF
− OpEx
−$8.2K −$3.61/SF
NOI
$19.2K $8.42/SF
Area
Sheboygan County, WI
Vacancy
4.50%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$383,580
Cap Rate 7%
$273,986
Cap Rate 9%
$213,100
Alternative Uses
Best Use
Multifamily LT 5
$274.0K
$239.7K – $319.7K
NOI $19,179 @ 7.0% cap · market cap 8.34%
Second Best
Apartment 5plus
$254.8K
$223.0K – $297.3K
NOI $17,838 @ 7.0% cap · market cap 7.76%
Theoretical Best
Office A
$496.3K
$434.2K – $579.0K
NOI $34,738 @ 7.0% cap · market cap 15.10%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
350
Businesses Nearby
Explore this area
Business Placement
Demographics for 53081, WI
43,465
Population
20,121
Households
2.2
Avg Household Size
38
Median Age
22%
College-Educated
90%
High-School Grad
23.3 sq mi
ZIP Area
1,865
Density / Sq Mi
$62,401
Median Household Income
$42,329
Median Earnings
$866
Median Rent
$169,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with one occupied residence and a second unit suited for renovation.
Where is this duplex located?
The property is located at 1202/1204 S 19th St Sheboygan, WI.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: 2,277‑square‑foot duplex at 1202/1204 S 19th St; Lower unit is vacant and requires renovation; Upper unit has a long‑term tenant
