Triplex Property with Detached
For Sale
$257,000
3-127 S 2nd St, Barron, WI 54812
Two efficiency apartments accompany a two-bedroom home, creating a flexible income-property configuration.
Property Size2,068 SF
Price / SF$124.27
Days on Market133
Property Features for 3-127 S 2nd St
General Information
Standard status
Active
Size
2,068 SF
Total Parking Spaces
2
Property subtype
Residential Income
Units
Unit Mix
1 x 2BR/1BA, 2 x efficiency
Multifamily Units
3
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$3,255
Listing Agency:
Team Realty
(715) 234-1991
Listed By:
Michael Anderson · License #7636794
(715) 234-1991
Source:
Exprealty
Added: Apr 10
Changed: Aug 15
Last Checked: Aug 19 at 11:05AM
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 Team Realty
Investment Insights
Based on property information with market context.
This 2,068-square-foot triplex is arranged with a two-bedroom, one-bath main residence and two efficiency apartments on the upper level. The interior configuration also supports conversion to a four-bedroom, three-bath single-family residence, providing an alternative use for an owner seeking additional living space.
The property includes a detached two-car garage, City of Barron utilities, and a well-maintained yard. Located at 3-127 S 2nd St in Barron, Wisconsin, the site combines a multi-unit layout with practical residential improvements and outdoor space.
The property includes a detached two-car garage, City of Barron utilities, and a well-maintained yard. Located at 3-127 S 2nd St in Barron, Wisconsin, the site combines a multi-unit layout with practical residential improvements and outdoor space.
Key Highlights
- 2,068 SF triplex configuration
- Main residence includes 2 bedrooms and 1 bath
- Two efficiency apartments located on the upper level
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$9,144
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.56%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$182,880
$182.9K
Cap Rate 7%
$130,629
$130.6K
Cap Rate 9%
$101,600
$101.6K
Market Conditions
NOI Build-Up for 2,068 SF
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.
Gross rent
$13.9K $6.72/SF
− Vacancy
−$834 −$0.40/SF
EGI
$13.1K $6.32/SF
− OpEx
−$3.9K −$1.90/SF
NOI
$9.1K $4.42/SF
Area
Barron County, WI
Vacancy
6.00%
Lease Rate
$6.72 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$182,880
Cap Rate 7%
$130,629
Cap Rate 9%
$101,600
Alternative Uses
Best Use
Multifamily LT 5
$130.6K
$114.3K – $152.4K
NOI $9,144 @ 7.0% cap · market cap 3.56%
Second Best
Apartment 5plus
$122.9K
$107.5K – $143.4K
NOI $8,603 @ 7.0% cap · market cap 3.35%
Theoretical Best
Warehouse
$1.66M
$1.45M – $1.94M
NOI $116,311 @ 7.0% cap · market cap 45.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
294
Businesses Nearby
Explore this area
Business Placement
Demographics for 54812, WI
5,845
Population
2,455
Households
2.4
Avg Household Size
41
Median Age
17%
College-Educated
85%
High-School Grad
90.2 sq mi
ZIP Area
65
Density / Sq Mi
$63,882
Median Household Income
$35,765
Median Earnings
$908
Median Rent
$163,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Two efficiency apartments accompany a two-bedroom home, creating a flexible income-property configuration.
Where is this triplex located?
The property is located at 3-127 S 2nd St Barron, WI.
What is the asking price?
The asking price for this property is $257,000.
What are key features of this property?
This property features: 2,068 SF triplex configuration; Main residence includes 2 bedrooms and 1 bath; Two efficiency apartments located on the upper level
