Up-Down Duplex with
1614-1616 Prospect Street La Crosse, WI 54603
1614-1616 Prospect Street, La Crosse, WI, 54603
$249,900
For Sale
$249,900
Up/down duplex features two separate units, each with its own porch and access to a shared backyard and detached 2-car garage.
Property Size1,400 SF
Price / SF$178.50
Days on Market46
Property Features for 1614-1616 Prospect Street
General Information
- Standard status
- Active
- Size
- 1,400 SF
- Property subtype
- Two-Family / Two Family
Building Details
- Year Built
- 1907
Listing agency
Homestead Realty Inc. Wi #2
(608) 797-7556
Listed by
Brianne Herlitzke · License #110071-94
(608) 797-7556
Source
Compass
Added: Jun 6 Updated: Jul 21 at 5:53AM Checked: Jul 21 at 5:53AM
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 Homestead Realty Inc. Wi #2
Investment Insights
Based on property information with market context.
This up/down duplex offers two self-contained units. Each unit includes 2 bedrooms, 1 bath, and a dining room, along with its own 3-season porch. The upper unit is vacant and has updates including flooring, kitchen appliances, cabinets, countertops, and a faucet. The lower unit is currently rented through April 2027 and includes updates such as new flooring, doors, fresh paint, and a seller-owned washer/dryer. Utilities are separately metered with electricity, and water is billed back by occupancy.
The property is positioned near Logan High School. Outdoor space includes a large backyard and a detached 2-car garage with separated stalls, providing convenient off-street parking for each unit.
The property is positioned near Logan High School. Outdoor space includes a large backyard and a detached 2-car garage with separated stalls, providing convenient off-street parking for each unit.
Key Highlights
- Up/down duplex with 2 units, each offering 2 bedrooms and 1 full bath
- Total estimated area of 1,400 SF (estimated 700 SF per unit)
- Upper unit previously rented for $1,150/mo and is currently vacant
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 | $19.3k | $13.80 |
| − Vacancy | −$1.3k | −$0.90 |
| EGI | $18.1k | $12.90 |
| − OpEx | −$5.4k | −$3.87 |
| NOI | $12.6k | $9.03 |
1,400 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$180.6K
$158.1K – $210.8K
NOI $12,645 @ 7.0% cap · market cap 5.06%
Second Best
Apartment 5plus
$162.5K
$142.2K – $189.6K
NOI $11,378 @ 7.0% cap · market cap 4.55%
Theoretical Best
Specialty Retail
$306.2K
$267.9K – $357.2K
NOI $21,433 @ 7.0% cap · market cap 8.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Up/down duplex features two separate units, each with its own porch and access to a shared backyard and detached 2-car garage.
Where is this duplex located?
The property is located at 1614-1616 Prospect Street La Crosse, WI.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Up/down duplex with 2 units, each offering 2 bedrooms and 1 full bath; Total estimated area of 1,400 SF (estimated 700 SF per unit); Upper unit previously rented for $1,150/mo and is currently vacant
