Upper/Lower Duplex Income
304 South Main Street Marion, WI 54950
304 South Main Street, Marion, WI, 54950
$175,900
For Sale
$175,900
Upper and main-level duplex units each offer two bedrooms, with multiple enclosed porches and a detached three-car garage.
Property Size1,743 SF
Price / SF$100.92
Days on Market184
Property Features for 304 South Main Street
General Information
- Standard status
- Active
- Size
- 1,743 SF
- Property subtype
- Multifamily / Duplex (2 Unit)
Building Details
- Year Built
- 1930
Listing agency
O'Connor Realty Group
(715) 250-0744
Listed by
Gerry O'Connor · License #90-29527
(715) 250-0744
Source
Compass
Added: Jan 20 Updated: Jul 20 at 8:48PM Checked: Jul 21 at 6:56AM
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 O'Connor Realty Group
Investment Insights
Based on property information with market context.
This upper/lower duplex offers two separate residential units within a single building. The main-floor unit includes a living room, kitchen with dishwasher, dining room with a built-in hutch, two bedrooms, and two enclosed porches, including a heated 18x6 porch with washer and dryer hookups and a spacious 7x25 L-shaped porch. Gas forced-air heat serves the main level. Hardwood floors appear throughout many rooms.
The upper unit features a kitchen with dinette, a living room with vaulted ceiling, two bedrooms, and a full bath. The upper level is heated electrically and includes a wall air conditioner.
A detached 40x22 three-car garage with extra storage completes the property, providing additional space for vehicles and belongings.
The upper unit features a kitchen with dinette, a living room with vaulted ceiling, two bedrooms, and a full bath. The upper level is heated electrically and includes a wall air conditioner.
A detached 40x22 three-car garage with extra storage completes the property, providing additional space for vehicles and belongings.
Key Highlights
- Upper/lower duplex built in 1930 with 2 bedrooms in each unit
- Main‑floor unit features gas forced‑air heat and includes kitchen with dishwasher, dining room built‑in hutch, and 2 enclosed porches
- Heated 18x6 porch on the main level includes washer and dryer hookup; plus a 7x25 L‑shaped porch
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 | $17.8k | $10.20 |
| − Vacancy | −$1.2k | −$0.66 |
| EGI | $16.6k | $9.54 |
| − OpEx | −$5.0k | −$2.86 |
| NOI | $11.6k | $6.68 |
1,743 SF · lease $10.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$166.2K
$145.5K – $193.9K
NOI $11,636 @ 7.0% cap · market cap 6.62%
Second Best
Apartment 5plus
$155.3K
$135.9K – $181.2K
NOI $10,871 @ 7.0% cap · market cap 6.18%
Theoretical Best
Office A
$326.5K
$285.7K – $380.9K
NOI $22,854 @ 7.0% cap · market cap 12.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Upper and main-level duplex units each offer two bedrooms, with multiple enclosed porches and a detached three-car garage.
Where is this duplex located?
The property is located at 304 South Main Street Marion, WI.
What is the asking price?
The asking price for this property is $175,900.
What are key features of this property?
This property features: Upper/lower duplex built in 1930 with 2 bedrooms in each unit; Main‑floor unit features gas forced‑air heat and includes kitchen with dishwasher, dining room built‑in hutch, and 2 enclosed porches; Heated 18x6 porch on the main level includes washer and dryer hookup; plus a 7x25 L‑shaped porch
