Dutch Colonial Two-Family
1621 Blaine Avenue Racine, WI 53405
New
1621 Blaine Avenue, Racine, WI, 53405
$265,000
For Sale
$265,000
Well-maintained two-unit Dutch Colonial with separate utilities, hardwood floors, and off-street parking for three vehicles.
Property Size2,090 SF
Price / SF$126.79
Days on Market5
Property Features for 1621 Blaine Avenue
General Information
- Standard status
- Active
- Size
- 2,090 SF
- Property subtype
- Two-Family / Two Family
Building Details
- Year Built
- 1928
Listing Agency
R.L. Ventura & Associates
(262) 930-3008
Listed by
Ryan Ventura · License #58806-90
(262) 930-3008
Source
Compass
Added: Jul 14 Checked: Jul 17 at 2:18 am
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 R.L. Ventura & Associates
Investment Insights
Based on property information with market context.
This well-maintained Dutch Colonial Revival two-family home offers two bedrooms and one full bathroom in each unit. Interiors feature hardwood oak floors, oak trim, comfortable living rooms, and formal dining rooms. The first-floor unit also includes a heated sunroom with sliding doors that open to a back patio. In the basement, both units have separate wash and storage rooms, along with a dedicated landlord storage room. Additional amenities include a large walk-in attic and an 8' x 8' Tuff Shed on a concrete slab.
The property is configured for separate operation, with each unit having its own gas and electric utilities. It is currently rented to long-term tenants. Off-street parking is available for three vehicles.
The property is configured for separate operation, with each unit having its own gas and electric utilities. It is currently rented to long-term tenants. Off-street parking is available for three vehicles.
Key Highlights
- Well‑maintained Dutch Colonial Revival 2‑family home built in 1928
- Each unit offers 2 bedrooms and 1 full bath, plus formal dining and hardwood oak floors with oak trim
- Heated sunroom on the 1st‑floor unit with sliding doors to the back patio
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 | $33.9k | $16.20 |
| − Vacancy | −$1.3k | −$0.62 |
| EGI | $32.6k | $15.58 |
| − OpEx | −$9.8k | −$4.68 |
| NOI | $22.8k | $10.91 |
2,090 SF · lease $16.20/SF/yr · vacancy 3.80% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$325.7K
$285.0K – $380.0K
NOI $22,800 @ 7.0% cap · market cap 8.60%
Second Best
Apartment 5plus
$283.8K
$248.3K – $331.1K
NOI $19,863 @ 7.0% cap · market cap 7.50%
Theoretical Best
Office A
$502.6K
$439.8K – $586.4K
NOI $35,182 @ 7.0% cap · market cap 13.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Well-maintained two-unit Dutch Colonial with separate utilities, hardwood floors, and off-street parking for three vehicles.
Where is this duplex located?
The property is located at 1621 Blaine Avenue Racine, WI.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: Well‑maintained Dutch Colonial Revival 2‑family home built in 1928; Each unit offers 2 bedrooms and 1 full bath, plus formal dining and hardwood oak floors with oak trim; Heated sunroom on the 1st‑floor unit with sliding doors to the back patio
