Updated Duplex with
1622 Georgia Ave, Sheboygan, WI 53081
For Sale
$259,900
Two-unit property with refreshed interiors, basement laundry, and a partially fenced yard.
Property Size1,794 SF
Price / SF$144.87
Days on Market55
Property Features for 1622 Georgia Ave
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Additional Details
Multifamily Units
Amenities
laundry in basement
partially fenced yard
Building Details
Year Built
Buildings
Tenancy
Listing Agency:
Century 21 Benefit Realty-Lc
Listed By:
Avenue Real Estate
(920) 893-3001
Source:
Avenueret
Added: Sep 14
Changed: Nov 6
Last Checked: Nov 6 at 8:51AM
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 Century 21 Benefit Realty-Lc
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Investment Insights
Based on property information with market context.
This two-family residence offers 1,794 square feet across two units, including a lower apartment with two bedrooms and one bathroom. Recent improvements include new carpeting, interior paint, lower cabinetry in the lower unit, and updated lighting. The upper unit is currently occupied and includes access to the two-car garage and basement laundry area.
Built in 1905, the property retains original character while providing a clean basement, a spacious yard, and partial fencing. The existing layout supports both owner occupancy and continued residential income use.
Built in 1905, the property retains original character while providing a clean basement, a spacious yard, and partial fencing. The existing layout supports both owner occupancy and continued residential income use.
Key Highlights
- Two‑family duplex with 1,794 square feet
- Lower unit includes 2 bedrooms and 1 bathroom
- Upper unit is currently occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,111
Cap Rate
5.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$302,220
$302.2K
Cap Rate 7%
$215,871
$215.9K
Cap Rate 9%
$167,900
$167.9K
Market Conditions
NOI Build-Up for 1,794 SF
Gross rent
$22.6K $12.60/SF
− Vacancy
−$1.0K −$0.57/SF
EGI
$21.6K $12.03/SF
− OpEx
−$6.5K −$3.61/SF
NOI
$15.1K $8.42/SF
Area
Sheboygan County, WI
Vacancy
4.50%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$302,220
Cap Rate 7%
$215,871
Cap Rate 9%
$167,900
Alternative Uses
Best Use
Multifamily LT 5
$215.9K
$188.9K – $251.9K
NOI $15,111 @ 7.0% cap · market cap 5.81%
Second Best
Apartment 5plus
$200.8K
$175.7K – $234.2K
NOI $14,054 @ 7.0% cap · market cap 5.41%
Theoretical Best
Office A
$391.0K
$342.1K – $456.2K
NOI $27,369 @ 7.0% cap · market cap 10.53%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
479
Businesses Nearby
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Business Placement
Demographics for 53081, WI
43,465
Population
20,121
Households
2.2
Avg Household Size
38
Median Age
22%
College-Educated
90%
High-School Grad
23.3 sq mi
ZIP Area
1,865
Density / Sq Mi
$62,401
Median Household Income
$42,329
Median Earnings
$866
Median Rent
$169,700
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-unit property with refreshed interiors, basement laundry, and a partially fenced yard.
Where is this duplex located?
The property is located at 1622 Georgia Ave Sheboygan, WI.
What is the asking price?
The asking price for this property is $259,900.
What are key features of this property?
This property features: Two‑family duplex with 1,794 square feet; Lower unit includes 2 bedrooms and 1 bathroom; Upper unit is currently occupied
