265 S Pine Street #267, Burlington, WI 53105
For Sale
New
$350,000
Both apartments are occupied, and the current tenants have expressed interest in staying.
Property Size1,740 SF
Price / SF$201.15
Days on Market4
Property Features for 265 S Pine Street #267
General Information
Standard status
Size
Property subtype
Zoning
Occupancy
Additional Details
Multifamily Units
Tenant in Place
Building Details
Building Size
Year Built
Listing Agency:
Peak Real Estate
Listed By:
Garrett Riggs · License #6005990
(262) 206-5948
Source:
Coactionrealestate
Added: Nov 6
Changed: Nov 8
Last Checked: Nov 8 at 3:00PM
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 Peak Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,740-square-foot duplex has an upper-and-lower layout and was built in 1950. The property is zoned R-2, and both units are currently occupied by tenants who have indicated they are interested in continuing their occupancy.
The property is at 265 S Pine Street in Burlington, Wisconsin, near the city’s historic downtown.
The property is at 265 S Pine Street in Burlington, Wisconsin, near the city’s historic downtown.
Key Highlights
- Upper‑and‑lower duplex configuration
- 1,740 square feet
- Built in 1950
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,982
Cap Rate
5.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$379,640
$379.6K
Cap Rate 7%
$271,171
$271.2K
Cap Rate 9%
$210,911
$210.9K
Market Conditions
NOI Build-Up for 1,740 SF
Gross rent
$28.2K $16.20/SF
− Vacancy
−$1.1K −$0.62/SF
EGI
$27.1K $15.58/SF
− OpEx
−$8.1K −$4.68/SF
NOI
$19.0K $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%
$379,640
Cap Rate 7%
$271,171
Cap Rate 9%
$210,911
Alternative Uses
Best Use
Multifamily LT 5
$271.2K
$237.3K – $316.4K
NOI $18,982 @ 7.0% cap · market cap 5.42%
Second Best
Apartment 5plus
$236.2K
$206.7K – $275.6K
NOI $16,537 @ 7.0% cap · market cap 4.72%
Theoretical Best
Office A
$418.4K
$366.1K – $488.2K
NOI $29,290 @ 7.0% cap · market cap 8.37%
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
1,173
Businesses Nearby
Explore this area
Business Placement
Demographics for 53105, WI
29,654
Population
12,995
Households
2.3
Avg Household Size
44
Median Age
28%
College-Educated
94%
High-School Grad
159.5 sq mi
ZIP Area
186
Density / Sq Mi
$88,798
Median Household Income
$48,254
Median Earnings
$1,029
Median Rent
$295,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/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 apartments are occupied, and the current tenants have expressed interest in staying.
Where is this duplex located?
The property is located at 265 S Pine Street #267 Burlington, WI.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Upper‑and‑lower duplex configuration; 1,740 square feet; Built in 1950
