1529 INDIANA Avenue, Sheboygan, WI 53081
MULTI_FAMILY - SHEBOYGAN, WI
- Added:
- Jun 30, 2026
- Days on Market:
- 6
- Last Refresh:
- Jul 5 at 12:06 pm
Property Features for 1529 INDIANA Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- 2 Family/Duplex
- Parking
- 1
- Standard status
- Active
- APN
- 59281507250
- Size
- 1,212 SF
- Lot size
- 0.10 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 1254
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Year built
- 1928
- Number of units
- 2
- Building materials
- Shake Siding
Listing agent Carter L. Crowley License #94-81027 (920) 252-2864
Listing office Realty One Group Haven 3003 W. College Ave, Ste 2, Appleton, WI (920) 574-2637
Listing date Jun 30, 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
- Two‑unit upper/lower duplex built in 1928 with shake siding
- Upper unit remodeled with new plank flooring, new kitchen cabinets, and fresh paint
- Lower unit on a term lease through March 31, 2027 at $899/month plus $100 pet fee
- New water heaters in both units
- New upstairs furnace; gas‑powered wall furnaces in each unit
- Utilities: public water and public sewer
Overview
The property is located in Sheboygan, WI at 1529 Indiana Avenue. The zoning is designated for a duplex (2 Family/Duplex), supporting continued two-unit residential use.
For buyers evaluating owner-occupancy or investment options, the current configuration provides immediate flexibility. The remodeled upper unit can support an occupancy plan for an owner or new tenant, while the lower unit is on a term lease until March 31, 2027. The lower unit is currently leased for $899 per month, plus a $100 pet fee. This mix of readiness upstairs and an in-place lease downstairs can help simplify near-term planning for an owner-operator or investor, while the property’s recent mechanical improvements are intended to reduce near-term capital concerns.
Local Financial Insights For Multifamily LT 5
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 | $15.3k | $12.60 |
| − Vacancy | −$687 | −$0.57 |
| EGI | $14.6k | $12.03 |
| − OpEx | −$4.4k | −$3.61 |
| NOI | $10.2k | $8.42 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Sheboygan
- County
- Sheboygan
- State
- Wisconsin
- Longitude
- -87.725829
- Latitude
- 43.74302
