Duplex with Coin-Operated
For Sale
$265,000
1640 College Avenue, Stevens Point, WI 54481
Vacant two-unit property near UWSP, downtown, shopping, and medical services with rear parking and on-site laundry.
Property Size1,035 SF
Price / SF$256.04
Days on Market49
Property Features for 1640 College Avenue
General Information
Standard status
Active
Size
1,035 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Amenities
coin-op laundry
Building Details
Year Built
1890
Listing Agency:
Coldwell Banker Action
Listed By:
Kelly Weiler
(715) 965-1234
Source:
Familytreerealtyllc
Added: Sep 2
Changed: Oct 16
Last Checked: Oct 19 at 6:50AM
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 Coldwell Banker Action
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Investment Insights
Based on property information with market context.
This two-unit residential income property was built in 1890 and is currently vacant. The building includes coin-operated laundry on site and parking behind the property. Its duplex configuration supports separate residential units within a single investment property.
The property is located on College Avenue in Stevens Point, a short distance from UWSP and near downtown, shopping, and medical services. Each unit had been marketed at $1,275 per month before the property became vacant; rental activity is being handled separately from the sale.
The property is located on College Avenue in Stevens Point, a short distance from UWSP and near downtown, shopping, and medical services. Each unit had been marketed at $1,275 per month before the property became vacant; rental activity is being handled separately from the sale.
Key Highlights
- Two‑unit duplex property built in 1890
- Currently vacant
- Coin‑operated laundry on site
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,600
Cap Rate
3.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$172,000
$172.0K
Cap Rate 7%
$122,857
$122.9K
Cap Rate 9%
$95,556
$95.6K
Market Conditions
NOI Build-Up for 1,035 SF
Gross rent
$13.0K $12.60/SF
− Vacancy
−$755 −$0.73/SF
EGI
$12.3K $11.87/SF
− OpEx
−$3.7K −$3.56/SF
NOI
$8.6K $8.31/SF
Area
Portage County, WI
Vacancy
5.79%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$172,000
Cap Rate 7%
$122,857
Cap Rate 9%
$95,556
Alternative Uses
Best Use
Multifamily LT 5
$122.9K
$107.5K – $143.3K
NOI $8,600 @ 7.0% cap · market cap 3.25%
Second Best
Apartment 5plus
$110.0K
$96.2K – $128.3K
NOI $7,697 @ 7.0% cap · market cap 2.90%
Theoretical Best
Specialty Retail
$201.4K
$176.3K – $235.0K
NOI $14,100 @ 7.0% cap · market cap 5.32%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,366
Businesses Nearby
Explore this area
Business Placement
Demographics for 54481, WI
28,100
Population
12,697
Households
2.2
Avg Household Size
32
Median Age
38%
College-Educated
96%
High-School Grad
65.6 sq mi
ZIP Area
428
Density / Sq Mi
$57,234
Median Household Income
$29,506
Median Earnings
$853
Median Rent
$191,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Vacant two-unit property near UWSP, downtown, shopping, and medical services with rear parking and on-site laundry.
Where is this duplex located?
The property is located at 1640 College Avenue Stevens Point, 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: Two‑unit duplex property built in 1890; Currently vacant; Coin‑operated laundry on site
