Duplex With In-Unit
New
For Sale
$259,000
3 W Beloit St, Darien, WI 53114
Two-unit property with laundry in both units and updated electrical, furnaces, and hot water tanks.
Property Size700 SF
Price / SF$370
Days on Market5
Property Features for 3 W Beloit St
General Information
Standard status
Active
Size
700 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Amenities
in-unit laundry
Building Details
Year Built
1920
Buildings
1
Listing Agency:
Porch Light Property Management & Real Estate
Listed By:
Realty Executives Southeast
(262) 443-0030
Source:
Therealestatestudiowi
Added: Sep 13
Changed: Sep 17
Last Checked: Sep 16 at 5:33PM
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 Porch Light Property Management & Real Estate
Investment Insights
Based on property information with market context.
This duplex includes a two-bedroom, one-bath lower unit with access to a partial basement and a one-bedroom upper unit with a private entrance. Each residence has in-unit laundry, and tenants pay all utilities.
Property updates include a newer roof, furnaces, electrical improvements in both units, and updated hot water tanks. Built in 1920, the property is located near the center of the Village of Darien business district.
Property updates include a newer roof, furnaces, electrical improvements in both units, and updated hot water tanks. Built in 1920, the property is located near the center of the Village of Darien business district.
Key Highlights
- Two‑unit duplex with a two‑bedroom, one‑bath lower residence
- Upper unit includes one bedroom and a private entrance
- In‑unit laundry provided in both residences
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
$7,541
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
2.91%
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%
$150,820
$150.8K
Cap Rate 7%
$107,729
$107.7K
Cap Rate 9%
$83,789
$83.8K
Market Conditions
NOI Build-Up for 700 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
$11.3K $16.20/SF
− Vacancy
−$567 −$0.81/SF
EGI
$10.8K $15.39/SF
− OpEx
−$3.2K −$4.62/SF
NOI
$7.5K $10.77/SF
Area
Walworth County, WI
Vacancy
5.00%
Lease Rate
$16.20 /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%
$150,820
Cap Rate 7%
$107,729
Cap Rate 9%
$83,789
Alternative Uses
Best Use
Multifamily LT 5
$107.7K
$94.3K – $125.7K
NOI $7,541 @ 7.0% cap · market cap 2.91%
Second Best
Apartment 5plus
$100.2K
$87.7K – $116.9K
NOI $7,015 @ 7.0% cap · market cap 2.71%
Theoretical Best
Specialty Retail
$135.1K
$118.2K – $157.6K
NOI $9,456 @ 7.0% cap · market cap 3.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
108
Businesses Nearby
Explore this area
Business Placement
Demographics for 53114, WI
2,491
Population
904
Households
2.8
Avg Household Size
41
Median Age
20%
College-Educated
90%
High-School Grad
30.0 sq mi
ZIP Area
83
Density / Sq Mi
$73,906
Median Household Income
$46,504
Median Earnings
$859
Median Rent
$226,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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-unit property with laundry in both units and updated electrical, furnaces, and hot water tanks.
Where is this duplex located?
The property is located at 3 W Beloit St Darien, WI.
What is the asking price?
The asking price for this property is $259,000.
What are key features of this property?
This property features: Two‑unit duplex with a two‑bedroom, one‑bath lower residence; Upper unit includes one bedroom and a private entrance; In‑unit laundry provided in both residences
