Two-Unit Duplex with Separate
For Sale
$225,000
23 N John St, Mayville, WI 53050
Corner-lot duplex with a vacant lower unit, rear driveway, and storage areas in the basement and attic.
Property Size2,346 SF
Price / SF$95.91
Days on Market47
Property Features for 23 N John St
General Information
Standard status
Active
Size
2,346 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Building Details
Year Built
1890
Listing Agency:
Abundance Real Estate
Listed By:
Realty Executives Southeast
(262) 443-0030
Source:
Therealestatestudiowi
Added: Sep 6
Changed: Oct 21
Last Checked: Oct 20 at 8:53PM
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 Abundance Real Estate
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Investment Insights
Based on property information with market context.
Built in 1890, this two-family duplex contains two 2-bedroom, 1-bath units with separate utilities. The lower residence is vacant, creating flexibility for an owner-occupant or a buyer seeking an income property. The home retains period character while offering practical storage in a fieldstone basement and unfinished attic.
The property occupies a corner lot at 23 N John St in Mayville, Wisconsin, with a rear driveway. Recent work includes a newer roof and landscaping, while electrical updates are currently underway. A professional pre-listing inspection has been completed and is available to serious buyers upon request.
The property occupies a corner lot at 23 N John St in Mayville, Wisconsin, with a rear driveway. Recent work includes a newer roof and landscaping, while electrical updates are currently underway. A professional pre-listing inspection has been completed and is available to serious buyers upon request.
Key Highlights
- Two 2‑bedroom, 1‑bath units
- Separate utilities for each unit
- Lower unit is currently vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,424
Cap Rate
8.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$388,480
$388.5K
Cap Rate 7%
$277,486
$277.5K
Cap Rate 9%
$215,822
$215.8K
Market Conditions
NOI Build-Up for 2,346 SF
Gross rent
$36.6K $15.60/SF
− Vacancy
−$1.3K −$0.55/SF
EGI
$35.3K $15.05/SF
− OpEx
−$15.9K −$6.77/SF
NOI
$19.4K $8.28/SF
Area
Dodge County, WI
Vacancy
3.50%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$388,480
Cap Rate 7%
$277,486
Cap Rate 9%
$215,822
Alternative Uses
Best Use
Multifamily LT 5
$299.4K
$262.0K – $349.3K
NOI $20,957 @ 7.0% cap · market cap 9.31%
Second Best
Apartment 5plus
$277.5K
$242.8K – $323.7K
NOI $19,424 @ 7.0% cap · market cap 8.63%
Theoretical Best
Office A
$509.6K
$445.9K – $594.6K
NOI $35,674 @ 7.0% cap · market cap 15.86%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
303
Businesses Nearby
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Business Placement
Demographics for 53050, WI
7,071
Population
3,120
Households
2.3
Avg Household Size
45
Median Age
17%
College-Educated
92%
High-School Grad
70.5 sq mi
ZIP Area
100
Density / Sq Mi
$69,818
Median Household Income
$45,844
Median Earnings
$860
Median Rent
$195,600
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 - Corner-lot duplex with a vacant lower unit, rear driveway, and storage areas in the basement and attic.
Where is this duplex located?
The property is located at 23 N John St Mayville, WI.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bath units; Separate utilities for each unit; Lower unit is currently vacant
