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:
Woodland Lakes Realty, LLC
(715) 224-3800
Listed By:
Kelly Weiler
(715) 965-1234
Source:
Familytreerealtyllc
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 15 at 2:29AM
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 Woodland Lakes Realty, LLC
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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
