Building Details

Year Built 1945

Listing Agency: Mathison Realty & Services LLC o***@mathisonrealty.com Show Phone

Listed By: Bradley Mathison · License #52395-90 Show Phone

Source: Exitrealty

Added: Apr 17, 2025 Changed: Aug 29 Last Checked: Aug 29 at 3:18PM

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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 Mathison Realty & Services LLC

Investment Insights

Based on property information with market context.

This 1,850-square-foot duplex, built in 1945, contains a one-bedroom upper residence and a three-bedroom lower residence. Both kitchens have been updated, and the property includes a detached split two-car garage with one space allocated to each unit. Included items are two stove/ovens, two refrigerators, a stackable washer/dryer, window coverings, upper shelving, and a bathroom space heater. The first-floor washer/dryer is not included.

Located at 201 E School Street in Thorp, Wisconsin, the property occupies a corner lot. Existing renters hold leases extending through May 2026 and October 2026. Renters handle lawn care and snow removal, while the landlord pays all utilities. The roof is 8 years old, providing an additional documented improvement for evaluation.

Key Highlights

• 1,850 SF duplex with one‑bedroom upper and three‑bedroom lower unit
• Detached split 2‑car garage provides 1 garage space for each unit
• Updated kitchens in both residential units

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Parking Lot & Garage Electrical Service Pharmacy Garden Center Real Estate Agency 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.

Location Intelligence

Trade Area within ½ mile

231

Businesses Nearby

Explore this area Business Placement

Demographics for 54771, WI

4,421

Population

1,549

Households

2.9

Avg Household Size

34

Median Age

13%

College-Educated

78%

High-School Grad

149.4 sq mi

ZIP Area

30

Density / Sq Mi

$66,955

Median Household Income

$38,125

Median Earnings

$861

Median Rent

$178,300

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - Separate upper and lower residences support a flexible owner-occupant or rental arrangement on a corner lot.

Where is this duplex located?

The property is located at 201 E School Street 1&2 Thorp, WI.

What is the asking price?

The asking price for this property is $170,000.

What are key features of this property?

This property features: 1,850 SF duplex with one‑bedroom upper and three‑bedroom lower unit; Detached split 2‑car garage provides 1 garage space for each unit; Updated kitchens in both residential units