Residential
2521 Taylor Ave, Racine, WI 53403
For Sale
$189,900
Both units are currently occupied by tenants.
Property Size1,280 SF
Price / SF$148.36
Days on Market13
Property Features for 2521 Taylor Ave
General Information
Standard status
Size
Property subtype
Occupancy
Additional Details
Multifamily Units
Tenant in Place
Taxes and HOA fees
Annual Taxes
Listing Agency:
EXP Realty, LLC Kenosha
(262) 233-9824
Listed By:
The Lisa Fabiano Group* · License WI #5614590
(262) 671-0784
Source:
Exprealty
Added: Oct 28
Changed: Nov 8
Last Checked: Nov 8 at 2:58PM
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 EXP Realty, LLC Kenosha
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Investment Insights
Based on property information with market context.
This two-unit residential property in Racine, Wisconsin, is fully leased, with tenants in both residences. Its duplex configuration and current occupancy provide a straightforward snapshot of the existing rental setup.
Key Highlights
- Both units are occupied by tenants
- Located in Racine, Wisconsin
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,964
Cap Rate
7.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$279,280
$279.3K
Cap Rate 7%
$199,486
$199.5K
Cap Rate 9%
$155,156
$155.2K
Market Conditions
NOI Build-Up for 1,280 SF
Gross rent
$20.7K $16.20/SF
− Vacancy
−$788 −$0.62/SF
EGI
$19.9K $15.58/SF
− OpEx
−$6.0K −$4.68/SF
NOI
$14.0K $10.91/SF
Area
Racine County, WI
Vacancy
3.80%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$279,280
Cap Rate 7%
$199,486
Cap Rate 9%
$155,156
Alternative Uses
Best Use
Multifamily LT 5
$199.5K
$174.6K – $232.7K
NOI $13,964 @ 7.0% cap · market cap 7.35%
Second Best
Apartment 5plus
$173.8K
$152.1K – $202.8K
NOI $12,165 @ 7.0% cap · market cap 6.41%
Theoretical Best
Office A
$307.8K
$269.3K – $359.1K
NOI $21,547 @ 7.0% cap · market cap 11.35%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
575
Businesses Nearby
Explore this area
Business Placement
Demographics for 53403, WI
26,269
Population
11,876
Households
2.2
Avg Household Size
38
Median Age
23%
College-Educated
88%
High-School Grad
10.2 sq mi
ZIP Area
2,575
Density / Sq Mi
$58,274
Median Household Income
$37,130
Median Earnings
$1,029
Median Rent
$159,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Racine County, WI
Properties on Market for Duplexes in Racine County
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Both units are currently occupied by tenants.
Where is this duplex located?
The property is located at 2521 Taylor Ave Racine, WI.
What is the asking price?
The asking price for this property is $189,900.
What are key features of this property?
This property features: Both units are occupied by tenants; Located in Racine, Wisconsin
