2-Unit Duplex with Full
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 Market36
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:
Redman Realty Group, LLC
(715) 358-0450
Listed By:
Kelly Weiler
(715) 965-1234
Source:
Familytreerealtyllc
Added: Sep 1
Changed: Oct 6
Last Checked: Oct 5 at 6:51PM
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 Redman Realty Group, LLC
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 / Yr
$8,228
Cap Rate
4.14%
Suggested Prices Based on Cap Rates
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
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 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
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
252
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Midwest region
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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
