Two-Unit Duplex with Attached
1607 ALFRED Drive, Luxemburg, WI 54217
For Sale
$514,900
Residential Income, LUXEMBURG, WI
Property Size2,800 SF
Lot Size0.39 Acres
Price / SF$183.89
Days on Market47
Property Features for 1607 ALFRED Drive
General Information
Property type
Property subtype
Zoning
Parking
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Sewer type
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Water source
Building Details
Year built
Number of units
Building materials
Buildings
Listing Agency:
Keller Williams Green Bay · Keller Williams Realty
(920) 632-7702
Listed By:
Shannon C. Malott · License WI 94-86748
(920) 265-7494
Added: Sep 25
Changed: Nov 8
Last Checked: Nov 10 at 11:06AM
MLS# 50333331
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.
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Investment Insights
Based on property information with market context.
Built in 1996, this vinyl-sided duplex contains two two-story residences totaling 2,800 square feet. Each 1,400-square-foot unit has three bedrooms and one full and one half bath. The main level includes a kitchen with a peninsula counter, dining area, large-windowed living room, and half bath; upstairs are three bedrooms and a full bath. Each home also has a patio, landscaped yard, and an attached two-stall garage. Lower-level space provides storage and laundry equipment.
The property occupies 0.39 acres in a residential zoning district. Public water and sewer serve the site. Both units are occupied on month-to-month leases.
The property occupies 0.39 acres in a residential zoning district. Public water and sewer serve the site. Both units are occupied on month-to-month leases.
Key Highlights
- Two‑unit duplex with 2,800 square feet total; each residence is 1,400 square feet
- Each unit offers 3 bedrooms and 1.5 bathrooms
- Two‑story layout with full kitchen, dining area, living room, and lower‑level storage and laundry in each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,449
Cap Rate
4.75%
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 4.75%
Second Best
Apartment 5plus
$325.4K
$284.7K – $379.6K
NOI $22,775 @ 7.0% cap · market cap 4.42%
Theoretical Best
Office A
$652.8K
$571.2K – $761.6K
NOI $45,696 @ 7.0% cap · market cap 8.87%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
47
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two-story residences pair private outdoor areas with attached garages and full kitchens.
Where is this duplex located?
The property is located at 1607 ALFRED Drive Luxemburg, WI.
What is the asking price?
The asking price for this property is $514,900.
What are key features of this property?
This property features: Two‑unit duplex with 2,800 square feet total; each residence is 1,400 square feet; Each unit offers 3 bedrooms and 1.5 bathrooms; Two‑story layout with full kitchen, dining area, living room, and lower‑level storage and laundry in each residence
