Duplex with Separate
217 Leavens Ave, Sheboygan Falls, WI 53085
For Sale
$249,900
Each residence has its own electric, gas, and water service.
Property Size1,764 SF
Price / SF$141.67
Days on Market50
Property Features for 217 Leavens Ave
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Additional Details
Utilities to Site
Multifamily Units
Building Details
Year Built
Construction
Listing Agency:
Pleasant View Realty, LLC
Listed By:
Matthew Kapellen · License WI #5470790
(920) 207-5450
Source:
Sellingsheboygan
Added: Sep 26
Changed: Nov 9
Last Checked: Nov 12 at 2:11PM
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 Pleasant View Realty, LLC
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Investment Insights
Based on property information with market context.
Built in 1920, this Sheboygan Falls duplex contains a 936-square-foot main-level residence and an 828-square-foot upper unit. The lower home has two bedrooms and an additional bonus room; the upper has two bedrooms and is vacant. Both residences have two exterior entry points, including access from the shared rear area. Refrigerators and stoves are included in each unit.
Separate electric service, gas meters, and water meters serve the two homes. Basement storage and a partitioned two-car garage provide each residence with its own parking and storage area. The property is at 217 Leavens Ave in Sheboygan Falls, Wisconsin.
Separate electric service, gas meters, and water meters serve the two homes. Basement storage and a partitioned two-car garage provide each residence with its own parking and storage area. The property is at 217 Leavens Ave in Sheboygan Falls, Wisconsin.
Key Highlights
- Two residences measuring 936 square feet and 828 square feet
- Main‑level unit includes 2 bedrooms and a bonus room; upper unit has 2 bedrooms and is vacant
- Separate electric service, gas meters, and water meters for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,858
Cap Rate
5.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$297,160
$297.2K
Cap Rate 7%
$212,257
$212.3K
Cap Rate 9%
$165,089
$165.1K
Market Conditions
NOI Build-Up for 1,764 SF
Gross rent
$22.2K $12.60/SF
− Vacancy
−$1.0K −$0.57/SF
EGI
$21.2K $12.03/SF
− OpEx
−$6.4K −$3.61/SF
NOI
$14.9K $8.42/SF
Area
Sheboygan County, WI
Vacancy
4.50%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$297,160
Cap Rate 7%
$212,257
Cap Rate 9%
$165,089
Alternative Uses
Best Use
Multifamily LT 5
$212.3K
$185.7K – $247.6K
NOI $14,858 @ 7.0% cap · market cap 5.95%
Second Best
Apartment 5plus
$197.4K
$172.7K – $230.3K
NOI $13,819 @ 7.0% cap · market cap 5.53%
Theoretical Best
Office A
$384.4K
$336.4K – $448.5K
NOI $26,911 @ 7.0% cap · market cap 10.77%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
331
Businesses Nearby
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Business Placement
Demographics for 53085, WI
11,671
Population
5,308
Households
2.2
Avg Household Size
46
Median Age
27%
College-Educated
94%
High-School Grad
69.7 sq mi
ZIP Area
167
Density / Sq Mi
$72,037
Median Household Income
$48,395
Median Earnings
$859
Median Rent
$229,200
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 - Each residence has its own electric, gas, and water service.
Where is this duplex located?
The property is located at 217 Leavens Ave Sheboygan Falls, WI.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Two residences measuring 936 square feet and 828 square feet; Main‑level unit includes 2 bedrooms and a bonus room; upper unit has 2 bedrooms and is vacant; Separate electric service, gas meters, and water meters for each unit
