Duplex With In-Unit
For Sale
$249,000
3 W Beloit Street, Darien, WI 53114
Two-unit property with laundry in both units and updated electrical, furnaces, and hot water tanks.
Property Size1,880 SF
Price / SF$132.45
Days on Market50
Property Features for 3 W Beloit Street
General Information
Standard status
Active
Size
1,880 SF
Property subtype
Multi Family Home
Zoning
Duplex
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Amenities
in-unit laundry
Building Details
Building Size
1,880 SF
Year Built
1920
Buildings
1
Listing Agency:
Homestead Realty Of Lake Geneva
(262) 248-4747
Listed By:
Robert Limosani · License #6876
(262) 745-9611
Source:
Coactionrealestate
Added: Sep 13
Changed: Oct 27
Last Checked: Oct 30 at 6:15PM
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 Homestead Realty Of Lake Geneva
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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 / Yr
$20,253
Cap Rate
8.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$405,060
$405.1K
Cap Rate 7%
$289,329
$289.3K
Cap Rate 9%
$225,033
$225.0K
Market Conditions
NOI Build-Up for 1,880 SF
Gross rent
$30.5K $16.20/SF
− Vacancy
−$1.5K −$0.81/SF
EGI
$28.9K $15.39/SF
− OpEx
−$8.7K −$4.62/SF
NOI
$20.3K $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 Rate 5%
$405,060
Cap Rate 7%
$289,329
Cap Rate 9%
$225,033
Alternative Uses
Best Use
Multifamily LT 5
$289.3K
$253.2K – $337.6K
NOI $20,253 @ 7.0% cap · market cap 8.13%
Second Best
Apartment 5plus
$269.2K
$235.5K – $314.0K
NOI $18,841 @ 7.0% cap · market cap 7.57%
Theoretical Best
Specialty Retail
$362.8K
$317.5K – $423.3K
NOI $25,397 @ 7.0% cap · market cap 10.20%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
108
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Midwest region
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 Street Darien, WI.
What is the asking price?
The asking price for this property is $249,000.
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
