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 Market48
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
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 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.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
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
View Realmo Analytics
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
