Duplex with Attached
New
For Sale
$285,000
3800 Republic Ave, Racine, WI 53405
Both residences have central air, with separate utility services for each unit.
Property Size2,412 SF
Price / SF$118.16
Days on Market4
Property Features for 3800 Republic Ave
General Information
Standard status
Active
Size
2,412 SF
Total Parking Spaces
2
Property subtype
Residential Income
Units
Unit Mix
1 x 2BR, 1 x 3BR
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,348
Amenities
central air
finished basement
Building Details
Buildings
1
Construction
brick
Listing Agency:
Image Real Estate, Inc.
(262) 898-1180
Listed By:
Patricia Lemke · License #5623290
(262) 770-9570
Source:
Exprealty
Added: Oct 12
Changed: Oct 15
Last Checked: Oct 15 at 1:51AM
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 Image Real Estate, Inc.
Investment Insights
Based on property information with market context.
This 2,412-square-foot brick duplex has two residences: a two-bedroom upper unit and a three-bedroom lower unit. The upper residence includes an eat-in kitchen and laundry hookups in a closet. The lower unit has a spacious kitchen, main-floor laundry, and 1.5 baths. A finished basement adds to the building’s interior space.
The property occupies a corner lot with a large driveway and an attached two-car garage. Each unit has central air and separate utilities.
The property occupies a corner lot with a large driveway and an attached two-car garage. Each unit has central air and separate utilities.
Key Highlights
- Two units: a two‑bedroom upper residence and a three‑bedroom lower residence
- 2,412 square feet in a brick duplex
- Attached two‑car garage and large driveway on a corner lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,924
Cap Rate
8.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$458,480
$458.5K
Cap Rate 7%
$327,486
$327.5K
Cap Rate 9%
$254,711
$254.7K
Market Conditions
NOI Build-Up for 2,412 SF
Gross rent
$43.4K $18.00/SF
− Vacancy
−$1.7K −$0.72/SF
EGI
$41.7K $17.28/SF
− OpEx
−$18.8K −$7.78/SF
NOI
$22.9K $9.50/SF
Area
Racine County, WI
Vacancy
4.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$458,480
Cap Rate 7%
$327,486
Cap Rate 9%
$254,711
Alternative Uses
Best Use
Multifamily LT 5
$375.9K
$328.9K – $438.6K
NOI $26,313 @ 7.0% cap · market cap 9.23%
Second Best
Apartment 5plus
$327.5K
$286.6K – $382.1K
NOI $22,924 @ 7.0% cap · market cap 8.04%
Theoretical Best
Office A
$580.0K
$507.5K – $676.7K
NOI $40,603 @ 7.0% cap · market cap 14.25%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
375
Businesses Nearby
Explore this area
Business Placement
Demographics for 53405, WI
25,561
Population
11,509
Households
2.2
Avg Household Size
39
Median Age
26%
College-Educated
90%
High-School Grad
6.6 sq mi
ZIP Area
3,873
Density / Sq Mi
$68,339
Median Household Income
$40,162
Median Earnings
$946
Median Rent
$173,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Both residences have central air, with separate utility services for each unit.
Where is this duplex located?
The property is located at 3800 Republic Ave Racine, WI.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Two units: a two‑bedroom upper residence and a three‑bedroom lower residence; 2,412 square feet in a brick duplex; Attached two‑car garage and large driveway on a corner lot
