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3-Unit Triplex with Updated Systems
New
For Sale
$160,000

1620 Hamilton St, Manitowoc, WI 54220

Fully leased configuration includes one two-bedroom apartment and two studio units.

Property Size1,803 SF
Price / SF$88.74
Days on Market5

Property Features for 1620 Hamilton St

General Information

Standard status Active
Size 1,803 SF
Property subtype Multi-Family

Units

Unit Mix 1 x 2BR, 2 x studio
Multifamily Units 3

Additional Details

Gross Income $21,000

Building Details

Year Built 1926
Tenancy Multi
Listing Agency: Keller Williams-Manitowoc
Listed By: Randy Broeckert · License #5822090
Source: Nikolicgroup
Added: Aug 26 Changed: Aug 28 Last Checked: Aug 29 at 12:21PM

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 Keller Williams-Manitowoc

Investment Insights

Based on property information with market context.

This 1,803-square-foot triplex, built in 1926, contains three residential units arranged as one two-bedroom lower apartment and two studio apartments above. The property is currently occupied by long-term tenants across all three units, creating an established rental setup.

Updates include the roof, windows, and siding completed in 2013, along with a newer furnace installed in 2023. The unit mix provides a combination of a larger apartment and compact studio layouts within a single multifamily property.

Key Highlights

  • Three‑unit triplex with one 2‑bedroom apartment and two studio units
  • All 3 units are rented to long‑term tenants
  • 1,803 SF multifamily property built in 1926

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom Big Box & Wholesale Store Daycare Center Furniture & Home Goods HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

890
Businesses Nearby

Demographics for 54220, WI

40,737
Population
18,942
Households
2.2
Avg Household Size
44
Median Age
24%
College-Educated
91%
High-School Grad
98.7 sq mi
ZIP Area
413
Density / Sq Mi
$65,188
Median Household Income
$40,791
Median Earnings
$790
Median Rent
$159,500
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Fully leased configuration includes one two-bedroom apartment and two studio units.
Where is this triplex located?
The property is located at 1620 Hamilton St Manitowoc, WI.
What is the asking price?
The asking price for this property is $160,000.
What are key features of this property?
This property features: Three‑unit triplex with one 2‑bedroom apartment and two studio units; All 3 units are rented to long‑term tenants; 1,803 SF multifamily property built in 1926
More about this property
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