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    Residential Income Property with Cottage Title is generated by Realmo AI

    133 W Maple St, Sturgeon Bay, WI 54235

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    Claim this Listing
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    For Sale
    $459,900

    MULTI_FAMILY - Sturgeon Bay, WI

    Property size:
    2,055 SF
    Lot size:
    0.37 Acres
    Price / SF:
    $223/SF
    Added:
    Jun 3, 2026
    Days on Market:
    1
    Last Refresh:
    Jun 3 at 7:06 pm

    Property Features for 133 W Maple St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    R-1
    Bedrooms
    3
    Bathrooms
    3
    Rooms
    Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 3, Bedroom 2, Bathroom 3
    Exterior features
    Shared Driveway
    Standard status
    Active
    Size
    2,055 SF
    Lot size
    0.37 Acres

    Taxes and HOA fees

    Tax Annual Amount
    6095

    Utilities

    Heating system
    Forced Air, Propane (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1924
    Number of units
    2
    Architectural style
    Other

    We can help!

    Listing Contact
    Molly Kunst

    Listing agent Molly Kunst

    Listing office Sarkis & Associates PO Box 166 5051 Horseshoe Bay Rd, Egg Harbor, WI

    Listing date Jun 3, 2026

    MLS# 147386 Listing URL

    Copyright © 2026 Door County MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 1,623 sq ft home with classic character and modern updates; year built 1924
    • Includes an additional 432 sq ft cottage
    • Central air plus forced‑air heating with propane (heating)
    • Updated bath and ample closet/storage space
    • Accessible basement with room for a hobby space or tool bench
    • Private yard and patio, plus a 2‑car detached garage; shared driveway

    Overview

    This for-sale residential income property includes a charming 2-bedroom home with an inviting living room featuring large windows, an eat-in kitchen, and an updated bathroom. Ample closet and storage space supports everyday living, and an accessible basement offers room for a hobby space or a workshop. Outside, the home provides a private yard and patio for outdoor living.

    The property also includes an additional detached cottage measuring approximately 432 square feet. A two-car detached garage is included, providing storage and off-street parking convenience. The home is situated in Sturgeon Bay, in Door County, under R-1 zoning.

    For buyers seeking a live-in option with extra space, this configuration can support multi-generational living, guest accommodations, or rental income from the detached cottage. The layout is suited to tenant or owner-occupant needs that value separate outdoor space and garage storage, with the added benefit of an accessible basement area for practical use. The combination of the main residence and cottage gives operators and residents flexibility while keeping a straightforward residential footprint.
    Property Profile Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sturgeon Bay
    County
    Door
    State
    Wisconsin
    Longitude
    -87.3878704
    Latitude
    44.8287091

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    FAQs

    What type of property is this?
    Single family property - A well-maintained two-bedroom home with an additional detached cottage and private outdoor space for flexible residential use.
    Where is this single family property located?
    The property is located at 133 W Maple St Sturgeon Bay, WI.
    What is the asking price?
    The asking price for this property is $459,900.
    What are key features of this property?
    This property features: 1,623 sq ft home with classic character and modern updates; year built 1924; Includes an additional 432 sq ft cottage; Central air plus forced‑air heating with propane (heating)
    (920) 627-2276
    We can help!
    Listing Contact
    Molly Kunst
    Request Owner's contact information
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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