Waterfront Side-by-Side
1409 Nakomis Avenue #1411, La Crosse, WI 54603
For Sale
New
$675,000
Two raised-ranch residences each include a walkout lower level, three bedrooms, two bathrooms, and a family room.
Property Size3,250 SF
Price / SF$207.69
Days on Market3
Property Features for 1409 Nakomis Avenue #1411
General Information
Standard status
Size
Property subtype
Zoning
Occupancy
Units
Unit Mix
Multifamily Units
Additional Details
Gross Income
Tenant in Place
Amenities
boat dock
patio
deck
four season room
stainless steel appliances
Building Details
Building Size
Year Built
Buildings
Construction
Tenancy
Listing Agency:
Gerrard-Hoeschler, Realtors
(608) 781-7355
Listed By:
Gary Lass · License WI #3906590
(608) 780-9395
Source:
Howardandwilliams
Added: Nov 10
Changed: Nov 11
Last Checked: Nov 11 at 5:49PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This side-by-side duplex has two raised-ranch units, each with approximately 1,600 square feet, three bedrooms, two bathrooms, a family room, and a walkout lower level. The owner-occupied unit has a remodeled kitchen and bathrooms, stainless steel appliances, a four-season room, and a stamped-concrete patio. Its large master suite can be returned to a two-bedroom layout. Recent exterior work includes siding and a steel roof. The other unit has a rear deck overlooking the backyard.
The property is waterfront and includes a boat dock. The lot is level and described as having potential for redevelopment. The duplex is zoned for two-family use and was built in 1970.
The property is waterfront and includes a boat dock. The lot is level and described as having potential for redevelopment. The duplex is zoned for two-family use and was built in 1970.
Key Highlights
- Side‑by‑side duplex with two units of approximately 1,600 square feet each
- Both units offer 3 bedrooms, 2 bathrooms, a family room, and a walkout lower level
- Owner’s unit features a remodeled kitchen and baths, stainless steel appliances, and a four‑season room
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.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
50%
Occupancy
Single-tenant
Tenancy
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
Frequently Asked Questions
What type of property is this?
Duplex - Two raised-ranch residences each include a walkout lower level, three bedrooms, two bathrooms, and a family room.
Where is this duplex located?
The property is located at 1409 Nakomis Avenue #1411 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 duplex with two units of approximately 1,600 square feet each; Both units offer 3 bedrooms, 2 bathrooms, a family room, and a walkout lower level; Owner’s unit features a remodeled kitchen and baths, stainless steel appliances, and a four‑season room
