Two-Unit Duplex with Attached
New
For Sale
$170,000
309 N 7th Street, Wausau, WI 54401
Both apartments have two bedrooms, one bathroom, and basement access for laundry hookups.
Property Size928 SF
Price / SF$183.19
Days on Market7
Property Features for 309 N 7th Street
General Information
Standard status
Active
Size
928 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Individually Metered Utilities
gas, electricity
Additional Details
Utilities to Site
Yes
Tenant in Place
Yes
Amenities
laundry hookup
Building Details
Year Built
1920
Listing Agency:
Coldwell Banker Action
Listed By:
Kelly Weiler
(715) 965-1234
Source:
Familytreerealtyllc
Added: Oct 23
Changed: Oct 28
Last Checked: Oct 28 at 7:26AM
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 Coldwell Banker Action
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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 1920, this duplex contains two apartments, each with two bedrooms and one bathroom. Basement access provides laundry hookups for both units. The upper apartment is vacant and includes an attached one-stall garage; the lower apartment has a longtime tenant who prefers to remain.
Gas and electric service are separately metered, while water is divided between the two apartments. The property is close to the downtown area.
Gas and electric service are separately metered, while water is divided between the two apartments. The property is close to the downtown area.
Key Highlights
- Two apartments, each with 2 bedrooms and 1 bathroom
- Upper apartment is vacant; longtime tenant in the lower apartment prefers to stay
- Attached 1‑stall garage serves the upper apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,759
Cap Rate
4.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$155,180
$155.2K
Cap Rate 7%
$110,843
$110.8K
Cap Rate 9%
$86,211
$86.2K
Market Conditions
NOI Build-Up for 928 SF
Gross rent
$11.7K $12.60/SF
− Vacancy
−$608 −$0.66/SF
EGI
$11.1K $11.94/SF
− OpEx
−$3.3K −$3.58/SF
NOI
$7.8K $8.36/SF
Area
Marathon County, WI
Vacancy
5.20%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$155,180
Cap Rate 7%
$110,843
Cap Rate 9%
$86,211
Alternative Uses
Best Use
Multifamily LT 5
$110.8K
$97.0K – $129.3K
NOI $7,759 @ 7.0% cap · market cap 4.56%
Second Best
Apartment 5plus
$100.0K
$87.5K – $116.6K
NOI $6,997 @ 7.0% cap · market cap 4.12%
Theoretical Best
Specialty Retail
$171.5K
$150.0K – $200.0K
NOI $12,002 @ 7.0% cap · market cap 7.06%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,326
Businesses Nearby
Explore this area
Business Placement
Demographics for 54401, WI
31,727
Population
14,230
Households
2.2
Avg Household Size
40
Median Age
31%
College-Educated
91%
High-School Grad
84.2 sq mi
ZIP Area
377
Density / Sq Mi
$69,542
Median Household Income
$40,796
Median Earnings
$969
Median Rent
$186,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Both apartments have two bedrooms, one bathroom, and basement access for laundry hookups.
Where is this duplex located?
The property is located at 309 N 7th Street Wausau, WI.
What is the asking price?
The asking price for this property is $170,000.
What are key features of this property?
This property features: Two apartments, each with 2 bedrooms and 1 bathroom; Upper apartment is vacant; longtime tenant in the lower apartment prefers to stay; Attached 1‑stall garage serves the upper apartment
