Waterfront
New
For Sale
$675,000
1409 Nakomis Ave, La Crosse, WI 54603
Each residence has a walkout lower level, three bedrooms, two bathrooms, and a family room.
Property Size3,250 SF
Price / SF$207.69
Days on Market6
Property Features for 1409 Nakomis Ave
General Information
Standard status
Active
Size
3,250 SF
Property subtype
Multi-Family
Building Details
Year Built
1970
Listing Agency:
Gerrard-Hoeschler, REALTORS
Listed By:
Gary Lass · License #3906590
(608) 780-9395
Source:
Nikolicgroup
Added: Sep 30
Last Checked: Oct 4 at 1:45PM
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 Gerrard-Hoeschler, REALTORS
Investment Insights
Based on property information with market context.
This side-by-side duplex is configured as a raised ranch, with a walkout lower level in each residence. Both sides include three bedrooms, two bathrooms, and a family room, with approximately 1,600 square feet per unit. The property was built in 1970 and has waterfront frontage.
The owner-occupied side is vacant and features a four-season room, remodeled kitchen and bathrooms, stainless steel appliances, and a stamped-concrete patio. The other unit has a rear deck overlooking the backyard. Recent exterior improvements include siding and a steel roof.
The owner-occupied side is vacant and features a four-season room, remodeled kitchen and bathrooms, stainless steel appliances, and a stamped-concrete patio. The other unit has a rear deck overlooking the backyard. Recent exterior improvements include siding and a steel roof.
Key Highlights
- Side‑by‑side waterfront duplex with approximately 1,600 square feet per unit
- Three bedrooms, two bathrooms, and a family room in each unit
- Raised‑ranch layout with a walkout lower level for both residences
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,354
Cap Rate
4.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$587,080
$587.1K
Cap Rate 7%
$419,343
$419.3K
Cap Rate 9%
$326,156
$326.2K
Market Conditions
NOI Build-Up for 3,250 SF
Gross rent
$44.9K $13.80/SF
− Vacancy
−$2.9K −$0.90/SF
EGI
$41.9K $12.90/SF
− OpEx
−$12.6K −$3.87/SF
NOI
$29.4K $9.03/SF
Area
La Crosse County, WI
Vacancy
6.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$587,080
Cap Rate 7%
$419,343
Cap Rate 9%
$326,156
Alternative Uses
Best Use
Multifamily LT 5
$419.3K
$366.9K – $489.2K
NOI $29,354 @ 7.0% cap · market cap 4.35%
Second Best
Apartment 5plus
$377.3K
$330.2K – $440.2K
NOI $26,414 @ 7.0% cap · market cap 3.91%
Theoretical Best
Specialty Retail
$710.8K
$621.9K – $829.2K
NOI $49,754 @ 7.0% cap · market cap 7.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
446
Businesses Nearby
Explore this area
Business Placement
Demographics for 54603, WI
14,203
Population
7,168
Households
2
Avg Household Size
39
Median Age
21%
College-Educated
92%
High-School Grad
8.9 sq mi
ZIP Area
1,596
Density / Sq Mi
$49,693
Median Household Income
$37,917
Median Earnings
$936
Median Rent
$175,500
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 - Each residence has a walkout lower level, three bedrooms, two bathrooms, and a family room.
Where is this duplex located?
The property is located at 1409 Nakomis Ave La Crosse, WI.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Side‑by‑side waterfront duplex with approximately 1,600 square feet per unit; Three bedrooms, two bathrooms, and a family room in each unit; Raised‑ranch layout with a walkout lower level for both residences
