Remodeled
1228 S 17th St, Sheboygan, WI 53081
For Sale
$249,900
Two refreshed kitchens and an interior doorway between residences allow for a single-family arrangement.
Property Size1,841 SF
Price / SF$135.74
Days on Market50
Property Features for 1228 S 17th St
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Additional Details
Multifamily Units
Building Details
Year Built
Buildings
Listing Agency:
Pleasant View Realty, LLC
Listed By:
Heather Zimbal · License WI #11120694
(920) 912-1064
Source:
Nikolicgroup
Added: Sep 24
Changed: Oct 25
Last Checked: Oct 7 at 12:55PM
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 Pleasant View Realty, LLC
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Investment Insights
Based on property information with market context.
This duplex has two residences with updated interiors and kitchens. The lower unit includes 2 bedrooms and 2 pantries; the upper unit has 2+ bedrooms. An interior door connects the units, allowing them to function as a single-family home with 4+ bedrooms. A two-car garage with a walk-up attic is also part of the property.
Built in 1910, the property sits on a double lot and has a reported property size of 1,841.
Built in 1910, the property sits on a double lot and has a reported property size of 1,841.
Key Highlights
- Two residences with remodeled kitchens and updated interiors
- Lower unit has 2 bedrooms and 2 pantries; upper unit has 2+ bedrooms
- Interior connection allows a single‑family layout with 4+ bedrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,507
Cap Rate
6.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$310,140
$310.1K
Cap Rate 7%
$221,529
$221.5K
Cap Rate 9%
$172,300
$172.3K
Market Conditions
NOI Build-Up for 1,841 SF
Gross rent
$23.2K $12.60/SF
− Vacancy
−$1.0K −$0.57/SF
EGI
$22.2K $12.03/SF
− OpEx
−$6.6K −$3.61/SF
NOI
$15.5K $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%
$310,140
Cap Rate 7%
$221,529
Cap Rate 9%
$172,300
Alternative Uses
Best Use
Multifamily LT 5
$221.5K
$193.8K – $258.5K
NOI $15,507 @ 7.0% cap · market cap 6.21%
Second Best
Apartment 5plus
$206.0K
$180.3K – $240.4K
NOI $14,422 @ 7.0% cap · market cap 5.77%
Theoretical Best
Office A
$401.2K
$351.1K – $468.1K
NOI $28,086 @ 7.0% cap · market cap 11.24%
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
1,048
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two refreshed kitchens and an interior doorway between residences allow for a single-family arrangement.
Where is this duplex located?
The property is located at 1228 S 17th St Sheboygan, WI.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Two residences with remodeled kitchens and updated interiors; Lower unit has 2 bedrooms and 2 pantries; upper unit has 2+ bedrooms; Interior connection allows a single‑family layout with 4+ bedrooms
