Updated Upper/Lower
220 Main Street Cornell, WI 54732
New
220 Main Street, Cornell, WI, 54732
$220,000
For Sale
$220,000
MULTI_FAMILY - Cornell, WI
Property Size1,710 SF
Lot Size0.16 Acres
Price / SF$128.65
Days on Market4
Property Features for 220 Main Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Rooms
- Basement
- Standard status
- Active
- APN
- 23106173261490802
- Size
- 1,710 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 909
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1930
- Number of units
- 2
- Building materials
- Brick, VinylSiding
Listing agency
Woods & Water Realty Inc/Regional Office
(715) 723-4663
Listed by
Emily Thompson · License #83696-94
(715) 559-2059
Added: Jul 18 Updated: Jul 20 at 2:53PM Checked: Jul 21 at 7:06PM
MLS# 1603373
Copyright © 2026 REALTORS® Association of Northwestern Wisconsin. 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 updated upper/lower duplex is offered for sale with room to support comfortable, self-contained living in each unit. The property includes off-street parking and an indoor, locked storage space for each tenant, with 10x10 storage lockers available per unit. Laundry is also provided within each unit, adding convenience for day-to-day use.
Located at 220 Main Street in Cornell, Wisconsin, the duplex sits on a 0.16-acre lot. Public remarks indicate the home has had many updates in recent years.
The layout is configured as an upper and a lower unit, with tenant-focused amenities including off-street parking, indoor storage, and in-unit laundry for both sides of the duplex.
Located at 220 Main Street in Cornell, Wisconsin, the duplex sits on a 0.16-acre lot. Public remarks indicate the home has had many updates in recent years.
The layout is configured as an upper and a lower unit, with tenant-focused amenities including off-street parking, indoor storage, and in-unit laundry for both sides of the duplex.
Key Highlights
- Upper/lower duplex in Cornell built in 1930
- Heating: forced air; cooling: central air
- Public water and public sewer
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $21.5k | $12.60 |
| − Vacancy | −$1.2k | −$0.69 |
| EGI | $20.4k | $11.91 |
| − OpEx | −$6.1k | −$3.57 |
| NOI | $14.3k | $8.33 |
1,710 SF · lease $12.60/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$203.6K
$178.2K – $237.6K
NOI $14,253 @ 7.0% cap · market cap 6.48%
Second Best
Apartment 5plus
$183.8K
$160.8K – $214.4K
NOI $12,866 @ 7.0% cap · market cap 5.85%
Theoretical Best
Warehouse
$949.3K
$830.7K – $1.11M
NOI $66,453 @ 7.0% cap · market cap 30.21%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Mary E. Hoel ...
Law Firm
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FAQs
What type of property is this?
Duplex - Upper/lower duplex with off-street parking, each unit featuring laundry and locked indoor storage.
Where is this duplex located?
The property is located at 220 Main Street Cornell, WI.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: Upper/lower duplex in Cornell built in 1930; Heating: forced air; cooling: central air; Public water and public sewer
