Duplex with Central
For Sale
$250,000
321 7th Street Unit 1-2, Cornell, WI 54732
Both residences are occupied by long-term tenants and include laundry hookups.
Property Size998 SF
Price / SF$250.50
Days on Market10
Property Features for 321 7th Street Unit 1-2
General Information
Standard status
Active
Size
998 SF
Total Parking Spaces
1
Property subtype
Multi Family
Occupancy
100%
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Amenities
laundry hookups
backyard
Building Details
Year Built
1996
Buildings
1
Tenancy
Multi
Listing Agency:
RE/MAX Real Estate Group
Listed By:
Tina Theisen · License #57891-90
(715) 379-7785
Source:
Lakecountryflatfee
Added: Oct 21
Changed: Oct 28
Last Checked: Oct 28 at 2:43PM
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 RE/MAX Real Estate Group
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Investment Insights
Based on property information with market context.
Built in 1996, this duplex contains two residences, each arranged with two bedrooms and one full bathroom. Laundry hookups are provided in both units, with a one-car garage positioned between them. A large backyard is part of the property. The building is offered in as-is condition.
Key Highlights
- Two units, each with 2 bedrooms and 1 full bathroom
- One‑car garage located between the residences
- Laundry hookups in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,318
Cap Rate
3.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$166,360
$166.4K
Cap Rate 7%
$118,829
$118.8K
Cap Rate 9%
$92,422
$92.4K
Market Conditions
NOI Build-Up for 998 SF
Gross rent
$12.6K $12.60/SF
− Vacancy
−$692 −$0.69/SF
EGI
$11.9K $11.91/SF
− OpEx
−$3.6K −$3.57/SF
NOI
$8.3K $8.33/SF
Area
Chippewa County, WI
Vacancy
5.50%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$166,360
Cap Rate 7%
$118,829
Cap Rate 9%
$92,422
Alternative Uses
Best Use
Multifamily LT 5
$118.8K
$104.0K – $138.6K
NOI $8,318 @ 7.0% cap · market cap 3.33%
Second Best
Apartment 5plus
$107.3K
$93.9K – $125.2K
NOI $7,509 @ 7.0% cap · market cap 3.00%
Theoretical Best
Warehouse
$554.1K
$484.8K – $646.4K
NOI $38,784 @ 7.0% cap · market cap 15.51%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
149
Businesses Nearby
Explore this area
Business Placement
Demographics for 54732, WI
2,820
Population
1,243
Households
2.3
Avg Household Size
42
Median Age
12%
College-Educated
91%
High-School Grad
97.6 sq mi
ZIP Area
29
Density / Sq Mi
$64,886
Median Household Income
$39,980
Median Earnings
$800
Median Rent
$173,300
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 - Both residences are occupied by long-term tenants and include laundry hookups.
Where is this duplex located?
The property is located at 321 7th Street Unit 1-2 Cornell, WI.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 full bathroom; One‑car garage located between the residences; Laundry hookups in both units
