Three-Duplex Rental
For Sale
$900,000
1896-1898 Murphy Woods Road, Beloit, WI 53511
Professionally managed rental properties feature updated roofing, HVAC systems, and cosmetic improvements.
Property Size4,080 SF
Price / SF$220.59
Days on Market217
Property Features for 1896-1898 Murphy Woods Road
General Information
Standard status
Active
Size
4,080 SF
Property subtype
Multi Family / Duplex-side by side
Zoning
Res
Additional Details
Multifamily Units
6
Taxes and HOA fees
Annual Taxes
$8,619
Amenities
Full
Natural Gas
Forced air
Seller and tenant personal property
6 fridges, 6 stoves
6
Vinyl, Brick
Building Details
Year Built
1963
Buildings
3
Units
6
Listing Agency:
EXIT Realty HGM
(262) 475-1776
Listed By:
Brian Lawton · License #79723-94
(262) 475-1776
Source:
Compass
Added: Jan 27
Changed: Aug 31
Last Checked: Aug 30 at 11:54AM
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 EXIT Realty HGM
Investment Insights
Based on property information with market context.
This offering includes three duplex properties totaling 4,080 square feet, built in 1963 and zoned Res. The buildings have vinyl and brick exteriors, natural-gas service, and forced-air heating. Interior equipment includes six refrigerators and six stoves, along with seller and tenant personal property.
The properties have been professionally managed since 2021, when they were acquired, and the tenant base is described as stabilized. Improvements completed since acquisition include cosmetic updates, two new roofs, and several HVAC upgrades. The properties are offered together as one package and are not available for separate purchase. The package is located at 1896-1898 Murphy Woods Road in Beloit, Wisconsin.
The properties have been professionally managed since 2021, when they were acquired, and the tenant base is described as stabilized. Improvements completed since acquisition include cosmetic updates, two new roofs, and several HVAC upgrades. The properties are offered together as one package and are not available for separate purchase. The package is located at 1896-1898 Murphy Woods Road in Beloit, Wisconsin.
Key Highlights
- Three duplex properties offered together as one package
- 4,080 square feet across properties built in 1963
- Two new roofs and multiple HVAC upgrades completed since 2021
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$37,639
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.18%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$752,780
$752.8K
Cap Rate 7%
$537,700
$537.7K
Cap Rate 9%
$418,211
$418.2K
Market Conditions
NOI Build-Up for 4,080 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$56.3K $13.80/SF
− Vacancy
−$2.5K −$0.62/SF
EGI
$53.8K $13.18/SF
− OpEx
−$16.1K −$3.95/SF
NOI
$37.6K $9.23/SF
Area
Rock County, WI
Vacancy
4.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$752,780
Cap Rate 7%
$537,700
Cap Rate 9%
$418,211
Alternative Uses
Best Use
Multifamily LT 5
$537.7K
$470.5K – $627.3K
NOI $37,639 @ 7.0% cap · market cap 4.18%
Second Best
Apartment 5plus
$472.7K
$413.6K – $551.5K
NOI $33,089 @ 7.0% cap · market cap 3.68%
Theoretical Best
Office A
$980.5K
$857.9K – $1.14M
NOI $68,632 @ 7.0% cap · market cap 7.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
303
Businesses Nearby
Explore this area
Business Placement
Demographics for 53511, WI
48,659
Population
19,372
Households
2.5
Avg Household Size
38
Median Age
19%
College-Educated
89%
High-School Grad
114.9 sq mi
ZIP Area
423
Density / Sq Mi
$65,305
Median Household Income
$39,344
Median Earnings
$995
Median Rent
$160,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Professionally managed rental properties feature updated roofing, HVAC systems, and cosmetic improvements.
Where is this duplex located?
The property is located at 1896-1898 Murphy Woods Road Beloit, WI.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Three duplex properties offered together as one package; 4,080 square feet across properties built in 1963; Two new roofs and multiple HVAC upgrades completed since 2021
