Duplex with Attached
For Sale
$534,900
1607 Alfred Dr, Luxemburg, WI 54217
Each residence offers three bedrooms, a private patio, and a landscaped yard.
Property Size2,800 SF
Price / SF$191.04
Days on Market10
Property Features for 1607 Alfred Dr
General Information
Standard status
Active
Size
2,800 SF
Property subtype
Multi-Family
Building Details
Year Built
1996
Listed By:
Tiffany Holtz | Coldwell Banker
(920) 574-4422
Source:
Tiffanyholtz
Added: Sep 28
Changed: Oct 3
Last Checked: Oct 7 at 11:38AM
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 Tiffany Holtz | Coldwell Banker
Investment Insights
Based on property information with market context.
Built in 1996, this two-story duplex contains two 1,400-square-foot residences, each with three bedrooms and one-and-a-half bathrooms. Both units have a fully equipped kitchen with a peninsula counter, a dining area with sliding-door access to a patio, and a living room with large windows. An attached two-stall garage serves each residence, with a half-bath near the entry. The upper floor includes three bedrooms and a full bathroom; the primary bedroom has two closets, and the second bedroom has a double closet. Lower-level space provides storage and a washer and dryer. The property is located behind Simonars gas station. Tenancies are month to month.
Key Highlights
- Two‑unit duplex with 2,800 square feet total; each residence measures 1,400 square feet
- Both units have 3 bedrooms and 1.5 bathrooms
- Attached 2‑stall garage for each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,449
Cap Rate
4.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$488,980
$489.0K
Cap Rate 7%
$349,271
$349.3K
Cap Rate 9%
$271,656
$271.7K
Market Conditions
NOI Build-Up for 2,800 SF
Gross rent
$37.0K $13.20/SF
− Vacancy
−$2.0K −$0.73/SF
EGI
$34.9K $12.47/SF
− OpEx
−$10.5K −$3.74/SF
NOI
$24.4K $8.73/SF
Area
Kewaunee County, WI
Vacancy
5.50%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$488,980
Cap Rate 7%
$349,271
Cap Rate 9%
$271,656
Alternative Uses
Best Use
Multifamily LT 5
$349.3K
$305.6K – $407.5K
NOI $24,449 @ 7.0% cap · market cap 4.57%
Second Best
Apartment 5plus
$325.4K
$284.7K – $379.6K
NOI $22,775 @ 7.0% cap · market cap 4.26%
Theoretical Best
Office A
$652.8K
$571.2K – $761.6K
NOI $45,696 @ 7.0% cap · market cap 8.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
47
Businesses Nearby
Explore this area
Business Placement
Demographics for 54217, WI
7,713
Population
3,265
Households
2.4
Avg Household Size
42
Median Age
26%
College-Educated
95%
High-School Grad
112.0 sq mi
ZIP Area
69
Density / Sq Mi
$85,893
Median Household Income
$46,822
Median Earnings
$956
Median Rent
$255,200
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
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Frequently Asked Questions
What type of property is this?
Duplex - Each residence offers three bedrooms, a private patio, and a landscaped yard.
Where is this duplex located?
The property is located at 1607 Alfred Dr Luxemburg, WI.
What is the asking price?
The asking price for this property is $534,900.
What are key features of this property?
This property features: Two‑unit duplex with 2,800 square feet total; each residence measures 1,400 square feet; Both units have 3 bedrooms and 1.5 bathrooms; Attached 2‑stall garage for each residence
