2-Unit Duplex with Full
New
For Sale
$198,900
216-218 Weston Avenue, Wausau, WI 54403
Each residence combines an upstairs bedroom layout with generous living space, a kitchen, basement storage, and shared garage access.
Property Size984 SF
Price / SF$202.13
Days on Market4
Property Features for 216-218 Weston Avenue
General Information
Standard status
Active
Size
984 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1.5BA
Multifamily Units
2
Parking per Unit
1
Building Details
Year Built
1976
Buildings
1
Listing Agency:
Century 21 Burkett - Lol
(715) 547-3400
Listed By:
Kelly Weiler
(715) 965-1234
Source:
Familytreerealtyllc
Added: Sep 1
Changed: Sep 3
Last Checked: Sep 2 at 4:57PM
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 Century 21 Burkett - Lol
Investment Insights
Based on property information with market context.
Built in 1976, this 2-unit duplex contains 984 square feet and offers a consistent layout across both residences. Each unit includes two upstairs bedrooms, 1½ baths, a spacious living room, and a kitchen area. Full basements provide dedicated storage space for each unit.
The property includes a shared 2-car garage, with one parking space assigned to each residence, plus additional driveway parking. One unit is occupied by a long-term tenant with a rental history of on-time payments, and the lease runs through September 2027. The duplex is located at 216-218 Weston Avenue in Wausau, Wisconsin.
The property includes a shared 2-car garage, with one parking space assigned to each residence, plus additional driveway parking. One unit is occupied by a long-term tenant with a rental history of on-time payments, and the lease runs through September 2027. The duplex is located at 216-218 Weston Avenue in Wausau, Wisconsin.
Key Highlights
- 2‑unit duplex built in 1976
- Each unit has 2 upstairs bedrooms and 1½ baths
- Full basement storage available for both units
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
$8,228
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
4.14%
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%
$164,560
$164.6K
Cap Rate 7%
$117,543
$117.5K
Cap Rate 9%
$91,422
$91.4K
Market Conditions
NOI Build-Up for 984 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
$12.4K $12.60/SF
− Vacancy
−$645 −$0.66/SF
EGI
$11.8K $11.94/SF
− OpEx
−$3.5K −$3.58/SF
NOI
$8.2K $8.36/SF
Area
Marathon County, WI
Vacancy
5.20%
Lease Rate
$12.60 /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%
$164,560
Cap Rate 7%
$117,543
Cap Rate 9%
$91,422
Alternative Uses
Best Use
Multifamily LT 5
$117.5K
$102.9K – $137.1K
NOI $8,228 @ 7.0% cap · market cap 4.14%
Second Best
Apartment 5plus
$106.0K
$92.7K – $123.7K
NOI $7,419 @ 7.0% cap · market cap 3.73%
Theoretical Best
Specialty Retail
$181.8K
$159.1K – $212.1K
NOI $12,726 @ 7.0% cap · market cap 6.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
252
Businesses Nearby
Explore this area
Business Placement
Demographics for 54403, WI
24,712
Population
11,171
Households
2.2
Avg Household Size
41
Median Age
33%
College-Educated
95%
High-School Grad
133.6 sq mi
ZIP Area
185
Density / Sq Mi
$66,040
Median Household Income
$41,670
Median Earnings
$942
Median Rent
$179,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Each residence combines an upstairs bedroom layout with generous living space, a kitchen, basement storage, and shared garage access.
Where is this duplex located?
The property is located at 216-218 Weston Avenue Wausau, WI.
What is the asking price?
The asking price for this property is $198,900.
What are key features of this property?
This property features: 2‑unit duplex built in 1976; Each unit has 2 upstairs bedrooms and 1½ baths; Full basement storage available for both units
