Duplex With Walk-Out
For Sale
$450,000
400-402 Main St 400-402, Cadott, WI 54727
Two spacious units offer finished lower levels, private backyards, and a mix of leased and vacant occupancy.
Property Size3,422 SF
Price / SF$131.50
Days on Market49
Property Features for 400-402 Main St 400-402
General Information
Standard status
Active
Size
3,422 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
2005
Buildings
1
Listing Agency:
Assist 2 Sell New Vision Realty
Listed By:
Jack Wahl · License #53946-90
(715) 831-6410
Source:
Homcentric
Added: Sep 16
Changed: Oct 26
Last Checked: Oct 7 at 2:53PM
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 Assist 2 Sell New Vision Realty
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Investment Insights
Based on property information with market context.
This 3,422-square-foot duplex in Cadott was built in 2005 and has been recently remodeled. Both units are described as spacious and include finished walk-out basements along with private backyard areas, providing useful additional living and outdoor space.
One unit is leased through June 30, 2027, while the second unit is vacant. The property can support continued rental use or an owner-occupant arrangement, with the existing configuration offering flexibility for different ownership strategies.
One unit is leased through June 30, 2027, while the second unit is vacant. The property can support continued rental use or an owner-occupant arrangement, with the existing configuration offering flexibility for different ownership strategies.
Key Highlights
- 3,422‑square‑foot duplex in Cadott
- Built in 2005 and recently remodeled
- Both units include finished walk‑out basements
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,522
Cap Rate
6.34%
Suggested Prices Based on Cap Rates
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
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 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 6.34%
Second Best
Apartment 5plus
$367.8K
$321.8K – $429.1K
NOI $25,747 @ 7.0% cap · market cap 5.72%
Theoretical Best
Warehouse
$1.90M
$1.66M – $2.22M
NOI $132,985 @ 7.0% cap · market cap 29.55%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
159
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
Frequently Asked Questions
What type of property is this?
Duplex - Two spacious units offer finished lower levels, private backyards, and a mix of leased and vacant occupancy.
Where is this duplex located?
The property is located at 400-402 Main St 400-402 Cadott, WI.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 3,422‑square‑foot duplex in Cadott; Built in 2005 and recently remodeled; Both units include finished walk‑out basements
