Updated Upper-Lower
For Sale
$210,000
220 Main St Unit 2, Cornell, WI 54732
Two-level rental property with private laundry, dedicated storage, off-street parking, and a landscaped yard.
Property Size1,710 SF
Price / SF$122.81
Days on Market76
Property Features for 220 Main St Unit 2
General Information
Standard status
Active
Size
1,710 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Amenities
yard
indoor storage
laundry in each unit
Building Details
Year Built
1930
Listing Agency:
Woods & Water Realty Inc/Regional Office
Listed By:
Emily Thompson · License #83696-94
(715) 559-2059
Source:
Homcentric
Added: Aug 5
Changed: Oct 17
Last Checked: Oct 7 at 2:56PM
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 Woods & Water Realty Inc/Regional Office
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Investment Insights
Based on property information with market context.
This upper-and-lower duplex contains 1,710 square feet and was built in 1930, with multiple updates completed in recent years. Each residence includes its own laundry area and a locked 10X10 indoor storage space, providing practical amenities for both units.
The property also offers off-street parking and a private yard. Located at 220 Main St Unit 2 in Cornell, Wisconsin, the duplex is configured as a residential income property with separate upper and lower living spaces.
The property also offers off-street parking and a private yard. Located at 220 Main St Unit 2 in Cornell, Wisconsin, the duplex is configured as a residential income property with separate upper and lower living spaces.
Key Highlights
- Upper‑and‑lower duplex configuration with 1,710 square feet
- Updates completed within the past few years
- Each unit includes laundry and a locked 10X10 indoor storage space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,253
Cap Rate
6.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$285,060
$285.1K
Cap Rate 7%
$203,614
$203.6K
Cap Rate 9%
$158,367
$158.4K
Market Conditions
NOI Build-Up for 1,710 SF
Gross rent
$21.5K $12.60/SF
− Vacancy
−$1.2K −$0.69/SF
EGI
$20.4K $11.91/SF
− OpEx
−$6.1K −$3.57/SF
NOI
$14.3K $8.33/SF
Area
Chippewa County, WI
Vacancy
5.50%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$285,060
Cap Rate 7%
$203,614
Cap Rate 9%
$158,367
Alternative Uses
Best Use
Multifamily LT 5
$203.6K
$178.2K – $237.6K
NOI $14,253 @ 7.0% cap · market cap 6.79%
Second Best
Apartment 5plus
$183.8K
$160.8K – $214.4K
NOI $12,866 @ 7.0% cap · market cap 6.13%
Theoretical Best
Warehouse
$949.3K
$830.7K – $1.11M
NOI $66,453 @ 7.0% cap · market cap 31.64%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
167
Businesses Nearby
Explore this area
Business Placement
Demographics for 54732, WI
2,820
Population
1,243
Households
2.3
Avg Household Size
42
Median Age
12%
College-Educated
91%
High-School Grad
97.6 sq mi
ZIP Area
29
Density / Sq Mi
$64,886
Median Household Income
$39,980
Median Earnings
$800
Median Rent
$173,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two-level rental property with private laundry, dedicated storage, off-street parking, and a landscaped yard.
Where is this duplex located?
The property is located at 220 Main St Unit 2 Cornell, WI.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: Upper‑and‑lower duplex configuration with 1,710 square feet; Updates completed within the past few years; Each unit includes laundry and a locked 10X10 indoor storage space
