Side-by-Side
3016/3018 Rice Street, Stevens Point, WI 54481
For Sale
New
$289,900
Each residence has three bedrooms, a main-floor living area, and a full basement with laundry hookups.
Property Size1,280 SF
Price / SF$226.48
Days on Market2
Property Features for 3016/3018 Rice Street
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Units
Unit Mix
Multifamily Units
Amenities
washer/dryer hookups
Building Details
Year Built
Buildings
Listing Agency:
Exit Realty Cw
Listed By:
Kelly Weiler
(715) 965-1234
Source:
Familytreerealtyllc
Added: Nov 8
Last Checked: Nov 8 at 2:28PM
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 Exit Realty Cw
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1969, this duplex contains two side-by-side residences, each arranged with three bedrooms, a living room, kitchen, half bath, and pantry on the main level. Three bedrooms and a full bathroom occupy the upper floor of each unit. Both residences have separate full basements with laundry hookups and storage. A detached two-stall garage serves the property, and tenants are responsible for utilities. The roof was replaced in 2019.
Key Highlights
- Two side‑by‑side units, each with three bedrooms
- Separate full basement for each residence, with laundry hookups and storage
- Detached two‑stall garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,636
Cap Rate
3.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$212,720
$212.7K
Cap Rate 7%
$151,943
$151.9K
Cap Rate 9%
$118,178
$118.2K
Market Conditions
NOI Build-Up for 1,280 SF
Gross rent
$16.1K $12.60/SF
− Vacancy
−$934 −$0.73/SF
EGI
$15.2K $11.87/SF
− OpEx
−$4.6K −$3.56/SF
NOI
$10.6K $8.31/SF
Area
Portage County, WI
Vacancy
5.79%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$212,720
Cap Rate 7%
$151,943
Cap Rate 9%
$118,178
Alternative Uses
Best Use
Multifamily LT 5
$151.9K
$133.0K – $177.3K
NOI $10,636 @ 7.0% cap · market cap 3.67%
Second Best
Apartment 5plus
$136.0K
$119.0K – $158.7K
NOI $9,519 @ 7.0% cap · market cap 3.28%
Theoretical Best
Specialty Retail
$249.1K
$218.0K – $290.6K
NOI $17,437 @ 7.0% cap · market cap 6.01%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
279
Businesses Nearby
Explore this area
Business Placement
Demographics for 54481, WI
28,100
Population
12,697
Households
2.2
Avg Household Size
32
Median Age
38%
College-Educated
96%
High-School Grad
65.6 sq mi
ZIP Area
428
Density / Sq Mi
$57,234
Median Household Income
$29,506
Median Earnings
$853
Median Rent
$191,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has three bedrooms, a main-floor living area, and a full basement with laundry hookups.
Where is this duplex located?
The property is located at 3016/3018 Rice Street Stevens Point, WI.
What is the asking price?
The asking price for this property is $289,900.
What are key features of this property?
This property features: Two side‑by‑side units, each with three bedrooms; Separate full basement for each residence, with laundry hookups and storage; Detached two‑stall garage
