Duplex with Separate
New
For Sale
$214,900
1900 Madison Street, Stevens Point, WI 54481
The two apartments have distinct two- and three-bedroom layouts.
Property Size1,112 SF
Lot Size0.17 Acres
Price / SF$193.26
Days on Market3
Property Features for 1900 Madison Street
General Information
Standard status
Active
Size
1,112 SF
Lot size
0.17 Acres
Property subtype
Multi-Family
Units
Unit Mix
1 x 2BR/1BA, 1 x 3BR/1BA
Multifamily Units
2
Building Details
Year Built
1915
Listing Agency:
Coldwell Banker Action
Listed By:
Kelly Weiler
(715) 965-1234
Source:
Familytreerealtyllc
Added: Oct 14
Changed: Oct 16
Last Checked: Oct 16 at 8:18AM
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 duplex at 1900 Madison Street in Stevens Point contains two apartments: a lower-level 2-bedroom, 1-bath unit and an upper-level 3-bedroom, 1-bath unit. Each apartment has its own furnace and water heater. Built in 1915, the property occupies a 0.166-acre parcel.
Key Highlights
- Two apartments: lower unit has 2 bedrooms and 1 bathroom; upper unit has 3 bedrooms and 1 bathroom
- Separate furnace and water heater for each unit
- Built in 1915
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,240
Cap Rate
4.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$184,800
$184.8K
Cap Rate 7%
$132,000
$132.0K
Cap Rate 9%
$102,667
$102.7K
Market Conditions
NOI Build-Up for 1,112 SF
Gross rent
$14.0K $12.60/SF
− Vacancy
−$811 −$0.73/SF
EGI
$13.2K $11.87/SF
− OpEx
−$4.0K −$3.56/SF
NOI
$9.2K $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%
$184,800
Cap Rate 7%
$132,000
Cap Rate 9%
$102,667
Alternative Uses
Best Use
Multifamily LT 5
$132.0K
$115.5K – $154.0K
NOI $9,240 @ 7.0% cap · market cap 4.30%
Second Best
Apartment 5plus
$118.1K
$103.4K – $137.8K
NOI $8,270 @ 7.0% cap · market cap 3.85%
Theoretical Best
Specialty Retail
$216.4K
$189.4K – $252.5K
NOI $15,149 @ 7.0% cap · market cap 7.05%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
614
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
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - The two apartments have distinct two- and three-bedroom layouts.
Where is this duplex located?
The property is located at 1900 Madison Street Stevens Point, WI.
What is the asking price?
The asking price for this property is $214,900.
What are key features of this property?
This property features: Two apartments: lower unit has 2 bedrooms and 1 bathroom; upper unit has 3 bedrooms and 1 bathroom; Separate furnace and water heater for each unit; Built in 1915
