Two-Unit
141 Schemmer St, Burlington, WI 53105
For Sale
New
$259,900
The residence combines a two-bedroom lower apartment with a one-bedroom upper apartment and off-street parking.
Property Size1,694 SF
Price / SF$153.42
Days on Market5
Property Features for 141 Schemmer St
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Buildings
Listing Agency:
Bear Realty Of Burlington
(262) 763-8116
Listed By:
Joshua Dow
(262) 210-9878
Source:
Exprealty
Added: Nov 5
Changed: Nov 8
Last Checked: Nov 8 at 5:04PM
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 Bear Realty Of Burlington
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Investment Insights
Based on property information with market context.
This 1,694-square-foot duplex in Burlington, Wisconsin, contains two apartments: a two-bedroom unit on the lower level and a one-bedroom unit above. Off-street parking serves the property. Both apartments are occupied, with long-term tenants in place.
Key Highlights
- 1,694‑square‑foot duplex in Burlington, Wisconsin
- Lower apartment has 2 bedrooms; upper apartment has 1 bedroom
- Off‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,480
Cap Rate
7.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$369,600
$369.6K
Cap Rate 7%
$264,000
$264.0K
Cap Rate 9%
$205,333
$205.3K
Market Conditions
NOI Build-Up for 1,694 SF
Gross rent
$27.4K $16.20/SF
− Vacancy
−$1.0K −$0.62/SF
EGI
$26.4K $15.58/SF
− OpEx
−$7.9K −$4.68/SF
NOI
$18.5K $10.91/SF
Area
Racine County, WI
Vacancy
3.80%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$369,600
Cap Rate 7%
$264,000
Cap Rate 9%
$205,333
Alternative Uses
Best Use
Multifamily LT 5
$264.0K
$231.0K – $308.0K
NOI $18,480 @ 7.0% cap · market cap 7.11%
Second Best
Apartment 5plus
$230.0K
$201.3K – $268.3K
NOI $16,100 @ 7.0% cap · market cap 6.19%
Theoretical Best
Office A
$407.4K
$356.5K – $475.3K
NOI $28,516 @ 7.0% cap · market cap 10.97%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,094
Businesses Nearby
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Business Placement
Demographics for 53105, WI
29,654
Population
12,995
Households
2.3
Avg Household Size
44
Median Age
28%
College-Educated
94%
High-School Grad
159.5 sq mi
ZIP Area
186
Density / Sq Mi
$88,798
Median Household Income
$48,254
Median Earnings
$1,029
Median Rent
$295,100
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Racine County, WI
Properties on Market for Duplexes in Racine County
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - The residence combines a two-bedroom lower apartment with a one-bedroom upper apartment and off-street parking.
Where is this duplex located?
The property is located at 141 Schemmer St Burlington, WI.
What is the asking price?
The asking price for this property is $259,900.
What are key features of this property?
This property features: 1,694‑square‑foot duplex in Burlington, Wisconsin; Lower apartment has 2 bedrooms; upper apartment has 1 bedroom; Off‑street parking
