Duplex With Walk-Out
New
For Sale
$475,000
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$138.81
Days on Market3
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: Sep 17
Last Checked: Sep 17 at 3:04AM
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
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 = 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
Current Use
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
Questions? Ask Rey
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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 $475,000.
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
