Furnished Two-Unit
1416 Cherry Street, Wausau, WI 54401
For Sale
New
$199,900
Two vacant apartments each include two bedrooms, a full bath, and access to basement laundry and storage.
Property Size938 SF
Price / SF$213.11
Days on Market2
Property Features for 1416 Cherry Street
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Furnished
Building Details
Year Built
Buildings
Listing Agency:
Northwoods Realty
(715) 339-4663
Listed By:
Kelly Weiler
(715) 965-1234
Source:
Familytreerealtyllc
Added: Nov 12
Last Checked: Nov 12 at 2:38PM
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 Northwoods Realty
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Investment Insights
Based on property information with market context.
This 1925 duplex contains two furnished apartments, each arranged with two bedrooms, one full bathroom, a living room, kitchen, and dinette. The main-level apartment connects to the basement, while the upper apartment reaches the same laundry and storage areas through a separate exterior entrance. Furnishings and household items are included. A new dishwasher serves the main-level kitchen.
The property also has a fenced yard and separate garage space for each apartment. Building systems include two water heaters and one furnace shared by both units. Both apartments are vacant.
The property also has a fenced yard and separate garage space for each apartment. Building systems include two water heaters and one furnace shared by both units. Both apartments are vacant.
Key Highlights
- Two apartments, each with 2 bedrooms and 1 full bathroom
- Furnishings and household items included
- Separate garage space for each apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,843
Cap Rate
3.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$156,860
$156.9K
Cap Rate 7%
$112,043
$112.0K
Cap Rate 9%
$87,144
$87.1K
Market Conditions
NOI Build-Up for 938 SF
Gross rent
$11.8K $12.60/SF
− Vacancy
−$615 −$0.66/SF
EGI
$11.2K $11.94/SF
− OpEx
−$3.4K −$3.58/SF
NOI
$7.8K $8.36/SF
Area
Marathon County, WI
Vacancy
5.20%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$156,860
Cap Rate 7%
$112,043
Cap Rate 9%
$87,144
Alternative Uses
Best Use
Multifamily LT 5
$112.0K
$98.0K – $130.7K
NOI $7,843 @ 7.0% cap · market cap 3.92%
Second Best
Apartment 5plus
$101.0K
$88.4K – $117.9K
NOI $7,072 @ 7.0% cap · market cap 3.54%
Theoretical Best
Specialty Retail
$173.3K
$151.6K – $202.2K
NOI $12,131 @ 7.0% cap · market cap 6.07%
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
197
Businesses Nearby
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Business Placement
Demographics for 54401, WI
31,727
Population
14,230
Households
2.2
Avg Household Size
40
Median Age
31%
College-Educated
91%
High-School Grad
84.2 sq mi
ZIP Area
377
Density / Sq Mi
$69,542
Median Household Income
$40,796
Median Earnings
$969
Median Rent
$186,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two vacant apartments each include two bedrooms, a full bath, and access to basement laundry and storage.
Where is this duplex located?
The property is located at 1416 Cherry Street Wausau, WI.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Two apartments, each with 2 bedrooms and 1 full bathroom; Furnishings and household items included; Separate garage space for each apartment
