Two-Unit Duplex
For Sale
$199,900
1619 43rd St, Kenosha, WI 53140
Two residential units offer separate living spaces for investment or owner occupancy.
Property Size1,191 SF
Price / SF$167.84
Days on Market31
Property Features for 1619 43rd St
General Information
Standard status
Active
Size
1,191 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,636
Listing Agency:
RE/MAX ELITE
(262) 909-5008
Listed By:
Felicia Pavlica Team* · License #5353494
(262) 909-5008
Source:
Exprealty
Added: Jul 22
Changed: Aug 20
Last Checked: Aug 21 at 1:31PM
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 RE/MAX ELITE
Investment Insights
Based on property information with market context.
This duplex includes two residential units with spacious living areas and character-driven details. The property also offers outdoor space on its lot, adding flexibility beyond the interior living areas.
Located at 1619 43rd St in Kenosha, the property is near schools, parks, shopping, and restaurants. Its two-unit configuration supports both investment and owner-occupancy considerations.
Located at 1619 43rd St in Kenosha, the property is near schools, parks, shopping, and restaurants. Its two-unit configuration supports both investment and owner-occupancy considerations.
Key Highlights
- Two residential units in a duplex configuration
- Spacious living areas with enduring character
- Outdoor space on the property lot
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
$11,755
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
5.88%
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%
$235,100
$235.1K
Cap Rate 7%
$167,929
$167.9K
Cap Rate 9%
$130,611
$130.6K
Market Conditions
NOI Build-Up for 1,191 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
$17.9K $15.00/SF
− Vacancy
−$1.1K −$0.90/SF
EGI
$16.8K $14.10/SF
− OpEx
−$5.0K −$4.23/SF
NOI
$11.8K $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%
$235,100
Cap Rate 7%
$167,929
Cap Rate 9%
$130,611
Alternative Uses
Best Use
Multifamily LT 5
$167.9K
$146.9K – $195.9K
NOI $11,755 @ 7.0% cap · market cap 5.88%
Second Best
Apartment 5plus
$155.5K
$136.1K – $181.4K
NOI $10,885 @ 7.0% cap · market cap 5.45%
Theoretical Best
Warehouse
$1.39M
$1.21M – $1.62M
NOI $97,062 @ 7.0% cap · market cap 48.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
525
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 residential units offer separate living spaces for investment or owner occupancy.
Where is this duplex located?
The property is located at 1619 43rd St Kenosha, WI.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Two residential units in a duplex configuration; Spacious living areas with enduring character; Outdoor space on the property lot
