Brick Duplex with Separate
3340 10th Avenue Racine, WI 53402
3340 10th Avenue, Racine, WI, 53402
$314,900
For Sale
$314,900
Brick duplex offering two 3-bedroom units, each with a living/dining combo and separate basement.
Property Size2,452 SF
Price / SF$128.43
Days on Market46
Property Features for 3340 10th Avenue
General Information
- Standard status
- Active
- Size
- 2,452 SF
- Property subtype
- Two-Family / Two Family
Building Details
- Year Built
- 1929
Listing agency
Abundance Real Estate
(414) 333-4760
Listed by
Kevin Rigg · License #56753-94
(414) 333-4760
Source
Compass
Added: Jun 8 Updated: Jul 22 at 5:11AM Checked: Jul 22 at 5:11AM
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 Abundance Real Estate
Investment Insights
Based on property information with market context.
This brick duplex features two separate 3-bedroom units. Each unit includes a living/dining room combination with hardwood floors and natural woodwork, along with a large kitchen and its own separate basement. The upper unit also offers a covered balcony.
The property is located at 3340 10th Avenue in Racine, WI 53402.
Tenants pay all utilities, including water and sewer. The configuration supports either an owner-occupant setup or an investor hold with separate, self-contained living space in each unit.
The property is located at 3340 10th Avenue in Racine, WI 53402.
Tenants pay all utilities, including water and sewer. The configuration supports either an owner-occupant setup or an investor hold with separate, self-contained living space in each unit.
Key Highlights
- Brick duplex built in 1929 offering two 3‑bedroom units
- Each unit has a living/dining room combo with hardwood floors and natural woodwork
- Each unit includes a large kitchen and access to a separate full, block basement
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 | $39.7k | $16.20 |
| − Vacancy | −$1.5k | −$0.62 |
| EGI | $38.2k | $15.58 |
| − OpEx | −$11.5k | −$4.68 |
| NOI | $26.7k | $10.91 |
2,452 SF · lease $16.20/SF/yr · vacancy 3.80% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$382.1K
$334.4K – $445.8K
NOI $26,749 @ 7.0% cap · market cap 8.49%
Second Best
Apartment 5plus
$332.9K
$291.3K – $388.4K
NOI $23,304 @ 7.0% cap · market cap 7.40%
Theoretical Best
Office A
$589.7K
$516.0K – $687.9K
NOI $41,276 @ 7.0% cap · market cap 13.11%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Brick duplex offering two 3-bedroom units, each with a living/dining combo and separate basement.
Where is this duplex located?
The property is located at 3340 10th Avenue Racine, WI.
What is the asking price?
The asking price for this property is $314,900.
What are key features of this property?
This property features: Brick duplex built in 1929 offering two 3‑bedroom units; Each unit has a living/dining room combo with hardwood floors and natural woodwork; Each unit includes a large kitchen and access to a separate full, block basement
