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Spacious Duplex Near Downtown
For Sale
$229,900

1903 WATER STREET, Stevens Point, WI 54481

Multi-Family, Stevens Point, WI

Property SizeContact for details
Lot Size0.33 Acres
Days on Market103

Property Features for 1903 WATER STREET

General Information

Property type Residential Multi Family
Property subtype Duplex
Zoning description Residential
Bedrooms 5
Bathrooms 2
Full bathrooms 2
Rooms Bathroom 1, Bedroom 3, Bedroom 2, Bedroom 1, Bedroom 4, Bedroom 5, Basement, Bathroom 2
Patio and Porch features Porch
Interior features Ceiling Fan(s), Smoke Detector, Ceramic, Wood Floors
Appliances Refrigerator, Range
Elementary school Jefferson
Middle school P.J. Jacobs
High school P.J. Jacobs
Directions Business 51 to Wisconsin
Subdivision Stevens Point
Standard status Active
Lot size 0.33 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 4432

Utilities

Heating system Forced Air

Building Details

Year built 1900
Floors in Building 2
Number of units 2
Building materials Vinyl, Aluminum Trim
Roof type Shingle
Listing Agency: PRISM REAL ESTATE
Listed By: PAMELA SKALESKI · License #50809-90
Added: May 20 Changed: Aug 19 Last Checked: Aug 30 at 10:06AM
MLS# 22602335

Copyright © 2026 Central Wisconsin MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This property is a large duplex situated in the heart of town, presenting the option to convert it back into a spacious single-family home. The property features one long-term tenant and one vacant unit. A two-car garage was constructed in 2013. Two new furnaces were installed in 2024. The seller has acquired vinyl plank flooring for the upper unit. Both units feature hardwood floors, offering the potential for refinishing. Located on a double lot, the property is positioned just a few blocks from downtown and the university.

Key Highlights

  • Large duplex with 1 long‑term tenant and 1 vacant unit
  • 2‑car garage built in 2013
  • 2 new furnaces installed in 2024

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store Accounting Firm Catering Service Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
Single-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

855
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Large duplex or single-family conversion near downtown and university.
Where is this duplex located?
The property is located at 1903 WATER STREET Stevens Point, WI.
What is the asking price?
The asking price for this property is $229,900.
What are key features of this property?
This property features: Large duplex with 1 long‑term tenant and 1 vacant unit; 2‑car garage built in 2013; 2 new furnaces installed in 2024
More about this property
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