Two-Family Duplex with
For Sale
$190,000
1222/1224 Georgia Ave, Sheboygan, WI 53081
Two-unit residential property with separate bedroom layouts, a yard, garage, and off-street parking.
Property Size1,677 SF
Price / SF$113.30
Days on Market66
Property Features for 1222/1224 Georgia Ave
General Information
Standard status
Active
Size
1,677 SF
Property subtype
Residential Income
Units
Unit Mix
1 x 3BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,088
Listing Agency:
Realty of America LLC
(708) 323-1560
Listed By:
Becky Fellows
(920) 207-4935
Source:
Exprealty
Added: Aug 12
Changed: Oct 11
Last Checked: Oct 15 at 4:38AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-family property at 1222/1224 Georgia Ave includes two distinct residential units. The lower unit has three bedrooms and one full bathroom, while the upper unit provides two bedrooms and one full bathroom. The layout supports separate occupancy within a single duplex property.
Exterior features include a spacious yard, a garage, and off-street parking. The property also has an established rental history and is located in Sheboygan, Wisconsin.
Exterior features include a spacious yard, a garage, and off-street parking. The property also has an established rental history and is located in Sheboygan, Wisconsin.
Key Highlights
- Two‑family duplex with separate lower and upper units
- Lower unit includes 3 bedrooms and 1 full bath
- Upper unit includes 2 bedrooms and 1 full bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,126
Cap Rate
7.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$282,520
$282.5K
Cap Rate 7%
$201,800
$201.8K
Cap Rate 9%
$156,956
$157.0K
Market Conditions
NOI Build-Up for 1,677 SF
Gross rent
$21.1K $12.60/SF
− Vacancy
−$951 −$0.57/SF
EGI
$20.2K $12.03/SF
− OpEx
−$6.1K −$3.61/SF
NOI
$14.1K $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%
$282,520
Cap Rate 7%
$201,800
Cap Rate 9%
$156,956
Alternative Uses
Best Use
Multifamily LT 5
$201.8K
$176.6K – $235.4K
NOI $14,126 @ 7.0% cap · market cap 7.43%
Second Best
Apartment 5plus
$187.7K
$164.2K – $219.0K
NOI $13,137 @ 7.0% cap · market cap 6.91%
Theoretical Best
Office A
$365.5K
$319.8K – $426.4K
NOI $25,584 @ 7.0% cap · market cap 13.47%
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
621
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
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property with separate bedroom layouts, a yard, garage, and off-street parking.
Where is this duplex located?
The property is located at 1222/1224 Georgia Ave Sheboygan, WI.
What is the asking price?
The asking price for this property is $190,000.
What are key features of this property?
This property features: Two‑family duplex with separate lower and upper units; Lower unit includes 3 bedrooms and 1 full bath; Upper unit includes 2 bedrooms and 1 full bath
