Remodeled Duplex with Walk-Out
New
For Sale
$475,000
400-402 Main St, Cadott, WI 54727
ResidentialIncome, Cadott, WI
Property Size3,422 SF
Lot Size0.33 Acres
Price / SF$138.81
Days on Market2
Property Features for 400-402 Main St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Residential-Duplex
Rooms
Basement
Parking features
Open, Driveway
Patio and Porch features
Deck
Interior features
CeilingFans
Appliances
Dishwasher, ElectricWaterHeater, Oven, Range, Refrigerator, RangeHood
Elementary school district
Cadott Community
Middle school district
Cadott Community
High school district
Cadott Community
Directions
Hwy. 29 to Cadott exit to left on Southridge Ave which becomes Main St.
Standard status
Active
APN
22806-0614-71754002
Size
3,422 SF
Lot size
0.33 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4707
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
2005
Number of units
2
Building materials
VinylSiding
Listing Agency:
Assist 2 Sell New Vision Realty · Assist-2-Sell
Listed By:
Jack Wahl · License #53946-90
(715) 831-6410
Added: Sep 2
Changed: Sep 3
Last Checked: Sep 3 at 6:06AM
MLS# 1604817
Copyright © 2026 REALTORS® Association of Northwestern Wisconsin. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 3,422-square-foot duplex, built in 2005, offers two sizable units with finished walk-out basements and spacious backyards. The property has been recently remodeled and includes forced-air heat, central air, ceiling fans, decks, vinyl siding, and open driveway parking. Kitchens are equipped with dishwashers, ovens, ranges, refrigerators, range hoods, and electric water heaters.
Located at 400-402 Main St in Cadott, the property occupies 0.33 acres and is served by public water and public sewer. One unit is leased through June 30, 2027, while the second unit is currently vacant. The configuration supports continued rental use or an owner-occupant arrangement.
Located at 400-402 Main St in Cadott, the property occupies 0.33 acres and is served by public water and public sewer. One unit is leased through June 30, 2027, while the second unit is currently vacant. The configuration supports continued rental use or an owner-occupant arrangement.
Key Highlights
- 3,422‑square‑foot duplex on 0.33 acres
- Built in 2005 and recently remodeled
- Finished walk‑out basements in both units
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$28,522
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.00%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$570,440
$570.4K
Cap Rate 7%
$407,457
$407.5K
Cap Rate 9%
$316,911
$316.9K
Market Conditions
NOI Build-Up for 3,422 SF
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.
Gross rent
$43.1K $12.60/SF
− Vacancy
−$2.4K −$0.69/SF
EGI
$40.7K $11.91/SF
− OpEx
−$12.2K −$3.57/SF
NOI
$28.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$570,440
Cap Rate 7%
$407,457
Cap Rate 9%
$316,911
Alternative Uses
Best Use
Multifamily LT 5
$407.5K
$356.5K – $475.4K
NOI $28,522 @ 7.0% cap · market cap 6.00%
Second Best
Apartment 5plus
$367.8K
$321.8K – $429.1K
NOI $25,747 @ 7.0% cap · market cap 5.42%
Theoretical Best
Warehouse
$1.90M
$1.66M – $2.22M
NOI $132,985 @ 7.0% cap · market cap 28.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
109
Businesses Nearby
Explore this area
Business Placement
Demographics for 54727, WI
5,228
Population
2,003
Households
2.6
Avg Household Size
41
Median Age
15%
College-Educated
92%
High-School Grad
143.2 sq mi
ZIP Area
37
Density / Sq Mi
$78,800
Median Household Income
$44,672
Median Earnings
$840
Median Rent
$209,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with one leased side and one vacant unit.
Where is this duplex located?
The property is located at 400-402 Main St Cadott, WI.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 3,422‑square‑foot duplex on 0.33 acres; Built in 2005 and recently remodeled; Finished walk‑out basements in both units
