Duplex with Screened
New
For Sale
$215,000
1604 54th St, Kenosha, WI 53140
Two-level duplex with separate kitchens, full baths, interior access, and flexible single-family conversion potential.
Property Size1,492 SF
Price / SF$144.10
Days on Market5
Property Features for 1604 54th St
General Information
Standard status
Active
Size
1,492 SF
Property subtype
Multi-Family
Building Details
Year Built
1900
Listing Agency:
Berkshire Hathaway Homeservices Metro Realty
(920) 893-3001
Listed By:
Avenue Real Estate
(920) 893-3001
Source:
Avenueret
Added: Aug 26
Changed: Aug 29
Last Checked: Aug 26 at 12:30PM
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 Berkshire Hathaway Homeservices Metro Realty
Investment Insights
Based on property information with market context.
Built in 1900, this duplex offers two residential levels with a total of four bedrooms and two full bathrooms. The main floor includes two bedrooms, a kitchen, full bath, nine-foot ceilings, and a screened front porch. The upper unit is reached by interior stairs and adds two bedrooms, a living room, kitchen, and full bath. The layout also includes substantial storage, a concealed storage area, an additional toilet room, laundry equipment, and two water heaters.
The property occupies a double lot at 1604 54th St in Kenosha, Wisconsin, with established landscaping and additional outdoor space. Heating includes a boiler system and a newer mini-split. The roof was replaced in 2022, while the upper level has new windows and paint. The main-level electrical panel has been updated. The configuration supports continued two-unit use or adaptation as a single-family residence.
The property occupies a double lot at 1604 54th St in Kenosha, Wisconsin, with established landscaping and additional outdoor space. Heating includes a boiler system and a newer mini-split. The roof was replaced in 2022, while the upper level has new windows and paint. The main-level electrical panel has been updated. The configuration supports continued two-unit use or adaptation as a single-family residence.
Key Highlights
- Duplex configuration with 4 bedrooms and 2 full bathrooms
- Double lot with established landscaping and additional outdoor space
- Roof replaced in 2022
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$14,726
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.85%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$294,520
$294.5K
Cap Rate 7%
$210,371
$210.4K
Cap Rate 9%
$163,622
$163.6K
Market Conditions
NOI Build-Up for 1,492 SF
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.
Gross rent
$22.4K $15.00/SF
− Vacancy
−$1.3K −$0.90/SF
EGI
$21.0K $14.10/SF
− OpEx
−$6.3K −$4.23/SF
NOI
$14.7K $9.87/SF
Area
Kenosha County, WI
Vacancy
6.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$294,520
Cap Rate 7%
$210,371
Cap Rate 9%
$163,622
Alternative Uses
Best Use
Multifamily LT 5
$210.4K
$184.1K – $245.4K
NOI $14,726 @ 7.0% cap · market cap 6.85%
Second Best
Apartment 5plus
$194.8K
$170.5K – $227.3K
NOI $13,636 @ 7.0% cap · market cap 6.34%
Theoretical Best
Warehouse
$1.74M
$1.52M – $2.03M
NOI $121,592 @ 7.0% cap · market cap 56.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,455
Businesses Nearby
Explore this area
Business Placement
Demographics for 53140, WI
30,571
Population
14,065
Households
2.2
Avg Household Size
36
Median Age
28%
College-Educated
90%
High-School Grad
7.9 sq mi
ZIP Area
3,870
Density / Sq Mi
$56,803
Median Household Income
$34,154
Median Earnings
$1,018
Median Rent
$191,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-level duplex with separate kitchens, full baths, interior access, and flexible single-family conversion potential.
Where is this duplex located?
The property is located at 1604 54th St Kenosha, WI.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: Duplex configuration with 4 bedrooms and 2 full bathrooms; Double lot with established landscaping and additional outdoor space; Roof replaced in 2022
