Side-by-Side Duplex with
For Sale
$429,900
811 Dreifuerst Rd, Plymouth, WI 53073
Well-maintained two-story income property with private parking, garage space, and backyard access to the Plymouth Fairgrounds.
Property Size2,227 SF
Price / SF$193.04
Days on Market39
Property Features for 811 Dreifuerst Rd
General Information
Standard status
Active
Size
2,227 SF
Property subtype
Multi-Family
Building Details
Year Built
1969
Listing Agency:
Keller Williams Realty-Milwaukee Southwest
(262) 443-0030
Listed By:
Realty Executives Southeast
(262) 443-0030
Source:
Therealestatestudiowi
Added: Jul 23
Changed: Aug 29
Last Checked: Aug 29 at 4:08PM
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 Realty-Milwaukee Southwest
Investment Insights
Based on property information with market context.
Built in 1969, this side-by-side duplex contains 2,227 square feet of property space across two separate residences. Each unit includes three bedrooms, one-and-a-half baths, two-story living space, off-street parking, and garage space. The property has been nicely maintained and includes a backyard adjoining the Plymouth Fairgrounds and Dirt Track.
Located at 811 Dreifuerst Rd in Plymouth, Wisconsin, the duplex is minutes from Highway 23 and downtown. Its two-unit layout, separate living spaces, parking, and garage accommodations support both owner-occupancy and rental use.
Located at 811 Dreifuerst Rd in Plymouth, Wisconsin, the duplex is minutes from Highway 23 and downtown. Its two-unit layout, separate living spaces, parking, and garage accommodations support both owner-occupancy and rental use.
Key Highlights
- Side‑by‑side duplex with two separate residences
- Each unit offers 3 bedrooms and 1.5 baths
- Each residence includes 2‑story living space
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$18,758
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.36%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$375,160
$375.2K
Cap Rate 7%
$267,971
$268.0K
Cap Rate 9%
$208,422
$208.4K
Market Conditions
NOI Build-Up for 2,227 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$28.1K $12.60/SF
− Vacancy
−$1.3K −$0.57/SF
EGI
$26.8K $12.03/SF
− OpEx
−$8.0K −$3.61/SF
NOI
$18.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$375,160
Cap Rate 7%
$267,971
Cap Rate 9%
$208,422
Alternative Uses
Best Use
Multifamily LT 5
$268.0K
$234.5K – $312.6K
NOI $18,758 @ 7.0% cap · market cap 4.36%
Second Best
Apartment 5plus
$249.2K
$218.1K – $290.8K
NOI $17,446 @ 7.0% cap · market cap 4.06%
Theoretical Best
Office A
$485.4K
$424.7K – $566.3K
NOI $33,975 @ 7.0% cap · market cap 7.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
231
Businesses Nearby
Explore this area
Business Placement
Demographics for 53073, WI
16,286
Population
6,591
Households
2.5
Avg Household Size
43
Median Age
25%
College-Educated
94%
High-School Grad
84.6 sq mi
ZIP Area
193
Density / Sq Mi
$76,100
Median Household Income
$43,023
Median Earnings
$867
Median Rent
$237,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained two-story income property with private parking, garage space, and backyard access to the Plymouth Fairgrounds.
Where is this duplex located?
The property is located at 811 Dreifuerst Rd Plymouth, WI.
What is the asking price?
The asking price for this property is $429,900.
What are key features of this property?
This property features: Side‑by‑side duplex with two separate residences; Each unit offers 3 bedrooms and 1.5 baths; Each residence includes 2‑story living space
