Duplex with Two-Bedroom
For Sale
$259,900
128 N 9th Ave, West Bend, WI 53095
Both residences are fully leased at market rate and professionally managed.
Property Size1,714 SF
Price / SF$151.63
Days on Market113
Property Features for 128 N 9th Ave
General Information
Standard status
Active
Size
1,714 SF
Property subtype
Residential Income
Occupancy
100%
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,848
Building Details
Buildings
1
Listing Agency:
WIBROKER Realty
Listed By:
Dale Bergman · License #8281
(262) 255-5565
Source:
Exprealty
Added: Jun 29
Changed: Oct 5
Last Checked: Oct 19 at 10:18AM
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 WIBROKER Realty
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Investment Insights
Based on property information with market context.
This 1714-square-foot duplex contains two-bedroom units and has a roof that was replaced, with the replacement year omitted due to conflicting source information. Both furnaces are less than 10 years old, providing established mechanical updates for the building.
The property is fully rented at market rate and professionally managed. Located at 128 N 9th Ave in West Bend, Wisconsin, it offers an existing residential income configuration with active tenancy and third-party management in place.
The property is fully rented at market rate and professionally managed. Located at 128 N 9th Ave in West Bend, Wisconsin, it offers an existing residential income configuration with active tenancy and third-party management in place.
Key Highlights
- 1714 SF duplex with two‑bedroom units
- Fully rented at market rate
- Professionally managed property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,173
Cap Rate
6.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$363,460
$363.5K
Cap Rate 7%
$259,614
$259.6K
Cap Rate 9%
$201,922
$201.9K
Market Conditions
NOI Build-Up for 1,714 SF
Gross rent
$27.8K $16.20/SF
− Vacancy
−$1.8K −$1.05/SF
EGI
$26.0K $15.15/SF
− OpEx
−$7.8K −$4.54/SF
NOI
$18.2K $10.60/SF
Area
Washington County, WI
Vacancy
6.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$363,460
Cap Rate 7%
$259,614
Cap Rate 9%
$201,922
Alternative Uses
Best Use
Multifamily LT 5
$259.6K
$227.2K – $302.9K
NOI $18,173 @ 7.0% cap · market cap 6.99%
Second Best
Apartment 5plus
$232.9K
$203.8K – $271.7K
NOI $16,304 @ 7.0% cap · market cap 6.27%
Theoretical Best
Office A
$471.2K
$412.3K – $549.7K
NOI $32,984 @ 7.0% cap · market cap 12.69%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
895
Businesses Nearby
Explore this area
Business Placement
Demographics for 53095, WI
27,269
Population
12,741
Households
2.1
Avg Household Size
45
Median Age
32%
College-Educated
96%
High-School Grad
70.4 sq mi
ZIP Area
387
Density / Sq Mi
$82,219
Median Household Income
$49,779
Median Earnings
$1,015
Median Rent
$286,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are fully leased at market rate and professionally managed.
Where is this duplex located?
The property is located at 128 N 9th Ave West Bend, WI.
What is the asking price?
The asking price for this property is $259,900.
What are key features of this property?
This property features: 1714 SF duplex with two‑bedroom units; Fully rented at market rate; Professionally managed property
