Duplex with Private
177 E Washington St, West Bend, WI 53095
For Sale
$235,000
Two separate residences offer a one-bedroom lower layout and a two-bedroom upper unit near downtown West Bend.
Property Size840 SF
Price / SF$279.76
Days on Market48
Property Features for 177 E Washington St
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Units
Unit Mix
Multifamily Units
Building Details
Year Built
Buildings
Listing Agency:
Tincher Realty
Listed By:
Realty Executives Southeast
(262) 443-0030
Source:
Therealestatestudiowi
Added: Sep 26
Changed: Nov 10
Last Checked: Nov 10 at 8:45AM
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 Tincher Realty
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Investment Insights
Based on property information with market context.
Built in 1924, this duplex has two distinct living spaces. The first-floor residence includes one bedroom, a living area, formal dining room, and eat-in kitchen. Upstairs, the second unit has two bedrooms and a private rear balcony. The property also provides three surface parking spaces and two garage stalls.
The address is near downtown West Bend, the Riverwalk, and local amenities. The layout may also be returned to single-family use, as described in the property information.
The address is near downtown West Bend, the Riverwalk, and local amenities. The layout may also be returned to single-family use, as described in the property information.
Key Highlights
- Two‑unit configuration: one‑bedroom first‑floor residence and two‑bedroom upper unit
- Lower unit includes a living area, formal dining room, and eat‑in kitchen
- Private rear balcony serves the upper unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,906
Cap Rate
3.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$178,120
$178.1K
Cap Rate 7%
$127,229
$127.2K
Cap Rate 9%
$98,956
$99.0K
Market Conditions
NOI Build-Up for 840 SF
Gross rent
$13.6K $16.20/SF
− Vacancy
−$885 −$1.05/SF
EGI
$12.7K $15.15/SF
− OpEx
−$3.8K −$4.54/SF
NOI
$8.9K $10.60/SF
Area
Washington County, WI
Vacancy
6.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$178,120
Cap Rate 7%
$127,229
Cap Rate 9%
$98,956
Alternative Uses
Best Use
Multifamily LT 5
$127.2K
$111.3K – $148.4K
NOI $8,906 @ 7.0% cap · market cap 3.79%
Second Best
Apartment 5plus
$114.1K
$99.9K – $133.2K
NOI $7,990 @ 7.0% cap · market cap 3.40%
Theoretical Best
Office A
$230.9K
$202.1K – $269.4K
NOI $16,165 @ 7.0% cap · market cap 6.88%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
804
Businesses Nearby
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Business Placement
Demographics for 53095, WI
27,269
Population
12,741
Households
2.1
Avg Household Size
45
Median Age
32%
College-Educated
96%
High-School Grad
70.4 sq mi
ZIP Area
387
Density / Sq Mi
$82,219
Median Household Income
$49,779
Median Earnings
$1,015
Median Rent
$286,500
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 separate residences offer a one-bedroom lower layout and a two-bedroom upper unit near downtown West Bend.
Where is this duplex located?
The property is located at 177 E Washington St West Bend, WI.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: Two‑unit configuration: one‑bedroom first‑floor residence and two‑bedroom upper unit; Lower unit includes a living area, formal dining room, and eat‑in kitchen; Private rear balcony serves the upper unit
