Manawa Duplex Income
304 E 4TH Street Manawa, WI 54949
304 E 4TH Street, Manawa, WI, 54949
$149,900
For Sale
$149,900
MULTI_FAMILY - MANAWA, WI
Property Size1,808 SF
Lot Size0.30 Acres
Price / SF$82.91
Days on Market28
Property Features for 304 E 4TH Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Zoning
- Residential
- Standard status
- Active
- APN
- 31 15 33 10
- Size
- 1,808 SF
- Lot size
- 0.30 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 2269
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1920
- Number of units
- 2
- Building materials
- Brick, Vinyl Siding, Shake Siding
Listing agency
EXP Realty LLC
(866) 848-6990
Listed by
Ben Westein · License #94115082
(920) 393-0697
Added: Jun 24 Updated: Jul 20 at 11:06PM Checked: Jul 21 at 6:06PM
MLS# 50328050
Copyright © 2026 Realtor Association of Northeast Wisconsin. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This Manawa duplex offers two separate units, each with two bedrooms and one bathroom. Both the upper and lower units were updated within the last five years. The major mechanicals have also been addressed, including a new roof installed in 2025, a replaced furnace for the upper unit, and a shared water heater replacement completed in 2023–2024.
The property is set up with month-to-month leases for both units, and tenants pay their own utilities separately. The current rents are described as below market, and the listing price reflects the property’s current condition.
The lower unit has a pet odor that will require remediation, and the property does not currently have gutters. No interior photos are available per tenants’ request.
The property is set up with month-to-month leases for both units, and tenants pay their own utilities separately. The current rents are described as below market, and the listing price reflects the property’s current condition.
The lower unit has a pet odor that will require remediation, and the property does not currently have gutters. No interior photos are available per tenants’ request.
Key Highlights
- Manawa duplex built in 1920 with brick and siding exterior materials
- Each unit has 2 bedrooms and 1 bathroom (upper and lower units)
- Both units were updated within the last 5 years
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $18.4k | $10.20 |
| − Vacancy | −$1.2k | −$0.66 |
| EGI | $17.2k | $9.54 |
| − OpEx | −$5.2k | −$2.86 |
| NOI | $12.1k | $6.68 |
1,808 SF · lease $10.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$172.4K
$150.9K – $201.2K
NOI $12,070 @ 7.0% cap · market cap 8.05%
Second Best
Apartment 5plus
$161.1K
$141.0K – $187.9K
NOI $11,276 @ 7.0% cap · market cap 7.52%
Theoretical Best
Office A
$338.7K
$296.3K – $395.1K
NOI $23,706 @ 7.0% cap · market cap 15.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Duplex with two updated 2-bedroom, 1-bath units and recent roof plus furnace and water heater replacements.
Where is this duplex located?
The property is located at 304 E 4TH Street Manawa, WI.
What is the asking price?
The asking price for this property is $149,900.
What are key features of this property?
This property features: Manawa duplex built in 1920 with brick and siding exterior materials; Each unit has 2 bedrooms and 1 bathroom (upper and lower units); Both units were updated within the last 5 years
