Side-by-Side Duplex with River
For Sale
$227,000
2460 2nd Avenue South, Wisconsin Rapids, WI 54495
Two residential units offer open living areas, private decks, enclosed garages, and convenient access to boating and parks.
Property Size1,200 SF
Price / SF$189.17
Days on Market24
Property Features for 2460 2nd Avenue South
General Information
Standard status
Active
Size
1,200 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1.5BA
Multifamily Units
2
Amenities
laundry room
deck
Building Details
Year Built
1983
Listing Agency:
Redman Realty Group, LLC
(715) 358-0450
Listed By:
Kelly Weiler
(715) 965-1234
Source:
Familytreerealtyllc
Added: Sep 13
Changed: Oct 6
Last Checked: Oct 5 at 7:03PM
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 1983, this side-by-side duplex includes two residential units of approximately 1,200 square feet each. Both units feature two bedrooms, 1.5 baths, an open living, dining, and kitchen arrangement, plus a dedicated laundry room. Each side also has an enclosed garage, additional parking, and a raised deck. A wooded backyard provides a natural outdoor setting.
The property is located at 2460 2nd Avenue South in Wisconsin Rapids, near the Wisconsin River and a public boat launch positioned almost directly across the street. Behn Hansen Park, the Firemen's Memorial picnic area, paved walking, running, and biking trails, and river boating and fishing are all nearby.
The property is located at 2460 2nd Avenue South in Wisconsin Rapids, near the Wisconsin River and a public boat launch positioned almost directly across the street. Behn Hansen Park, the Firemen's Memorial picnic area, paved walking, running, and biking trails, and river boating and fishing are all nearby.
Key Highlights
- Side‑by‑side duplex with 2 units, each approximately 1,200 sq. ft.
- Each unit includes 2 bedrooms and 1.5 baths
- Open living, dining, and kitchen layouts with dedicated laundry rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,925
Cap Rate
3.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$158,500
$158.5K
Cap Rate 7%
$113,214
$113.2K
Cap Rate 9%
$88,056
$88.1K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$12.2K $10.20/SF
− Vacancy
−$918 −$0.77/SF
EGI
$11.3K $9.44/SF
− OpEx
−$3.4K −$2.83/SF
NOI
$7.9K $6.60/SF
Area
Wood County, WI
Vacancy
7.50%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$158,500
Cap Rate 7%
$113,214
Cap Rate 9%
$88,056
Alternative Uses
Best Use
Multifamily LT 5
$113.2K
$99.1K – $132.1K
NOI $7,925 @ 7.0% cap · market cap 3.49%
Second Best
Apartment 5plus
$105.4K
$92.3K – $123.0K
NOI $7,381 @ 7.0% cap · market cap 3.25%
Theoretical Best
Specialty Retail
$232.8K
$203.7K – $271.6K
NOI $16,296 @ 7.0% cap · market cap 7.18%
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
38
Businesses Nearby
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Business Placement
Demographics for 54495, WI
7,638
Population
3,605
Households
2.1
Avg Household Size
40
Median Age
12%
College-Educated
91%
High-School Grad
104.0 sq mi
ZIP Area
73
Density / Sq Mi
$49,476
Median Household Income
$32,586
Median Earnings
$804
Median Rent
$117,900
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 - Two residential units offer open living areas, private decks, enclosed garages, and convenient access to boating and parks.
Where is this duplex located?
The property is located at 2460 2nd Avenue South Wisconsin Rapids, WI.
What is the asking price?
The asking price for this property is $227,000.
What are key features of this property?
This property features: Side‑by‑side duplex with 2 units, each approximately 1,200 sq. ft.; Each unit includes 2 bedrooms and 1.5 baths; Open living, dining, and kitchen layouts with dedicated laundry rooms
