Brick Duplex with Updated
For Sale
$379,900
1517 Monroe St, West Bend, WI 53090
Two-bedroom units feature remodeled kitchens, basement laundry areas, outdoor porches, and a one-car garage.
Property Size2,032 SF
Price / SF$186.96
Days on Market55
Property Features for 1517 Monroe St
General Information
Standard status
Active
Size
2,032 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,691
Amenities
laundry area
deck/porch
Building Details
Buildings
1
Construction
brick
Listing Agency:
Martin Real Estate
(920) 261-2223
Listed By:
Michael Martin · License #11019894
(920) 248-2622
Source:
Exprealty
Added: Aug 26
Changed: Oct 16
Last Checked: Oct 19 at 10:15AM
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 Martin Real Estate
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Investment Insights
Based on property information with market context.
This 2,032-square-foot brick duplex at 1517 Monroe St in West Bend, WI, includes two residential units with matching two-bedroom layouts. Each unit has a living room, dining room, bathroom with a large shower stall, built-in cabinetry, and detailed woodwork. Kitchens include solid-surface countertops, an oven, refrigerator, dishwasher, microwave, and garbage disposal.
Improvements completed in 2020 include windows, AC units, appliances, and interior remodeling. Both units also provide laundry areas in the basement and front and rear decks or porches. The property includes a one-car garage.
Improvements completed in 2020 include windows, AC units, appliances, and interior remodeling. Both units also provide laundry areas in the basement and front and rear decks or porches. The property includes a one-car garage.
Key Highlights
- 2,032‑square‑foot brick duplex at 1517 Monroe St, West Bend, WI
- Two units, each with 2 bedrooms, living room, dining room, and bathroom
- 2020 improvements include windows, AC units, appliances, and interior remodeling
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,545
Cap Rate
5.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$430,900
$430.9K
Cap Rate 7%
$307,786
$307.8K
Cap Rate 9%
$239,389
$239.4K
Market Conditions
NOI Build-Up for 2,032 SF
Gross rent
$32.9K $16.20/SF
− Vacancy
−$2.1K −$1.05/SF
EGI
$30.8K $15.15/SF
− OpEx
−$9.2K −$4.54/SF
NOI
$21.5K $10.60/SF
Area
Washington County, WI
Vacancy
6.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$430,900
Cap Rate 7%
$307,786
Cap Rate 9%
$239,389
Alternative Uses
Best Use
Multifamily LT 5
$307.8K
$269.3K – $359.1K
NOI $21,545 @ 7.0% cap · market cap 5.67%
Second Best
Apartment 5plus
$276.1K
$241.6K – $322.2K
NOI $19,329 @ 7.0% cap · market cap 5.09%
Theoretical Best
Office A
$558.6K
$488.8K – $651.7K
NOI $39,104 @ 7.0% cap · market cap 10.29%
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
270
Businesses Nearby
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Business Placement
Demographics for 53090, WI
21,478
Population
9,247
Households
2.3
Avg Household Size
43
Median Age
29%
College-Educated
95%
High-School Grad
57.9 sq mi
ZIP Area
371
Density / Sq Mi
$87,786
Median Household Income
$49,156
Median Earnings
$1,132
Median Rent
$267,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two-bedroom units feature remodeled kitchens, basement laundry areas, outdoor porches, and a one-car garage.
Where is this duplex located?
The property is located at 1517 Monroe St West Bend, WI.
What is the asking price?
The asking price for this property is $379,900.
What are key features of this property?
This property features: 2,032‑square‑foot brick duplex at 1517 Monroe St, West Bend, WI; Two units, each with 2 bedrooms, living room, dining room, and bathroom; 2020 improvements include windows, AC units, appliances, and interior remodeling
