Duplex with Two-Car
New
For Sale
$175,000
1625 S Memorial Drive, Racine, WI 53403
Both residences include two bedrooms, a separate dining area, and a kitchen.
Property Size1,440 SF
Price / SF$121.53
Days on Market6
Property Features for 1625 S Memorial Drive
General Information
Standard status
Active
Size
1,440 SF
Total Parking Spaces
2
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,555
Amenities
fully fenced backyard
extra storage space
Building Details
Buildings
1
Listing Agency:
Realty ONE Group Boardwalk
(262) 586-7900
Listed By:
Robin Smith
(262) 351-2055
Source:
Exprealty
Added: Oct 28
Changed: Nov 1
Last Checked: Nov 1 at 2:58PM
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 Realty ONE Group Boardwalk
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex contains two residences, each arranged with two bedrooms, a living room, a separate dining area, and a kitchen. The building totals 1,440 square feet. A two-car garage provides additional storage, and the property also has a fully fenced backyard.
Alley access serves the garage. The property is located at 1625 S Memorial Drive in Racine, Wisconsin.
Alley access serves the garage. The property is located at 1625 S Memorial Drive in Racine, Wisconsin.
Key Highlights
- Two residences, each with 2 bedrooms, a living room, dining area, and kitchen
- 1,440‑square‑foot duplex
- Two‑car garage with alley access and extra storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,709
Cap Rate
8.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$314,180
$314.2K
Cap Rate 7%
$224,414
$224.4K
Cap Rate 9%
$174,544
$174.5K
Market Conditions
NOI Build-Up for 1,440 SF
Gross rent
$23.3K $16.20/SF
− Vacancy
−$886 −$0.62/SF
EGI
$22.4K $15.58/SF
− OpEx
−$6.7K −$4.68/SF
NOI
$15.7K $10.91/SF
Area
Racine County, WI
Vacancy
3.80%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$314,180
Cap Rate 7%
$224,414
Cap Rate 9%
$174,544
Alternative Uses
Best Use
Multifamily LT 5
$224.4K
$196.4K – $261.8K
NOI $15,709 @ 7.0% cap · market cap 8.98%
Second Best
Apartment 5plus
$195.5K
$171.1K – $228.1K
NOI $13,686 @ 7.0% cap · market cap 7.82%
Theoretical Best
Office A
$346.3K
$303.0K – $404.0K
NOI $24,240 @ 7.0% cap · market cap 13.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
646
Businesses Nearby
Explore this area
Business Placement
Demographics for 53403, WI
26,269
Population
11,876
Households
2.2
Avg Household Size
38
Median Age
23%
College-Educated
88%
High-School Grad
10.2 sq mi
ZIP Area
2,575
Density / Sq Mi
$58,274
Median Household Income
$37,130
Median Earnings
$1,029
Median Rent
$159,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences include two bedrooms, a separate dining area, and a kitchen.
Where is this duplex located?
The property is located at 1625 S Memorial Drive Racine, WI.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms, a living room, dining area, and kitchen; 1,440‑square‑foot duplex; Two‑car garage with alley access and extra storage
