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Updated Two-Family Duplex
For Sale
$200,000

1509 S 16th St, Manitowoc, WI 54220

Two-unit residential property with a garage, backyard, and improvements to major building components.

Property Size2,043 SF
Price / SF$97.90
Days on Market9

Property Features for 1509 S 16th St

General Information

Standard status Active
Size 2,043 SF
Property subtype Multi-Family
Occupancy 100%

Additional Details

Multifamily Units 2

Amenities

back yard
garage

Building Details

Year Built 1931
Tenancy Multi
Listing Agency: New Directions Real Estate
Listed By: Realty Executives Southeast
Source: Therealestatestudiowi
Added: Sep 6 Changed: Sep 13 Last Checked: Sep 13 at 8:48AM

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 New Directions Real Estate

Investment Insights

Based on property information with market context.

Built in 1931, this two-family duplex contains 2,043 square feet and includes a 1.5-car garage and backyard. The property has received updates to the roof, siding, flooring, windows, and hot water heaters, providing improvements across both exterior and interior components.

Located at 1509 S 16th St in Manitowoc, Wisconsin, the duplex is occupied by two month-to-month tenants. The upper unit rents for $875 and the lower unit rents for $850; these rental amounts are omitted from the listing copy.

Key Highlights

  • 2,043‑square‑foot duplex with two residential units
  • 1.5‑car garage and backyard
  • Updates include roof, siding, flooring, and windows

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick HVAC Service Big Box & Wholesale Store (Bike/Boat/Book/etc) Store Daycare Center Kitchen & Bath Showroom Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

634
Businesses Nearby

Demographics for 54220, WI

40,737
Population
18,942
Households
2.2
Avg Household Size
44
Median Age
24%
College-Educated
91%
High-School Grad
98.7 sq mi
ZIP Area
413
Density / Sq Mi
$65,188
Median Household Income
$40,791
Median Earnings
$790
Median Rent
$159,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Two-unit residential property with a garage, backyard, and improvements to major building components.
Where is this duplex located?
The property is located at 1509 S 16th St Manitowoc, WI.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: 2,043‑square‑foot duplex with two residential units; 1.5‑car garage and backyard; Updates include roof, siding, flooring, and windows
More about this property
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