1522 MONROE Street, Two Rivers, WI 54241
MULTI_FAMILY - TWO RIVERS, WI
- Added:
- Jun 22, 2026
- Days on Market:
- 6
- Last Refresh:
- Jun 27 at 8:06 am
Property Features for 1522 MONROE Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Commercial
- Standard status
- Active
- APN
- 000-074-013-8
- Size
- 1,485 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 2204
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Water source
- Public
Building Details
- Year built
- 1930
- Number of units
- 2
- Building materials
- Aluminum Siding, Brick
Listing agent Jessica L. Baeten (920) 619-4776
Listing office Shorewest, Realtors 839 Lombardi Ave, Green Bay, WI (920) 593-4100
Listing date Jun 22, 2026
Copyright © 2026 Realtor Association of Northeast Wisconsin. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- 1,800 SF commercial/retail space plus office area, with $1,000/month rent on a 1‑year lease
- Two upper apartments: 2BR/1BA for $650/month and 1BR/1BA for $785/month (both include in‑unit laundry)
- Income‑producing corner property on the West Twin River with commercial and residential rental income
- Updates include electrical, plumbing, gas lines, and 1BR renovations
- Public water and public sewer; forced‑air heating; aluminum siding and brick construction
- Stated offering cap rate of 8%
Overview
The building is located along the West Twin River, providing corner positioning with visibility and river views. The seller notes the property is near shopping, restaurants, marinas, parks, and Lake Michigan beaches.
For tenants and owner-occupants, the layout supports an integrated live-and-work concept while keeping commercial space separate from the upper residential units. For investors, the structure provides multiple income streams across the commercial/retail and office area as well as the two apartments, with referenced existing leases in place. The property is zoned for commercial use.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $28.2k | $18.96 |
| − Vacancy | −$732 | −$0.49 |
| EGI | $27.4k | $18.47 |
| − OpEx | −$8.2k | −$5.54 |
| NOI | $19.2k | $12.93 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Two Rivers
- County
- Manitowoc
- State
- Wisconsin
- Longitude
- -87.571752
- Latitude
- 44.147528
