406 N BRIDGE Street, Manawa, WI 54949
MULTI_FAMILY - MANAWA, WI
- Added:
- Jun 24, 2026
- Days on Market:
- 3
- Last Refresh:
- Jun 26 at 10:06 am
Property Features for 406 N BRIDGE Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Residential
- Parking
- 4
- Standard status
- Active
- APN
- 31 15 22 12
- Size
- 1,864 SF
- Lot size
- 0.50 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 2919
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Water source
- Public
Building Details
- Year built
- 1920
- Number of units
- 2
- Building materials
- Brick, Vinyl Siding
Listing agent Ben Westein (920) 393-0697
Listing office EXP Realty LLC 4321 W College Ave, Suite 200, Middleton, WI (866) 848-6990
Listing date Jun 24, 2026
Copyright © 2026 Realtor Association of Northeast Wisconsin. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Fully rehabbed 2‑unit duplex on a double lot in Manawa, with both units separately metered/utilities
- 2BR/1BA upper and 2BR/1BA lower units, each tenant‑occupied with leases in place through 5/2027 and 8/2027
- Recent major updates include roof (2019), furnaces (2019 & 2021), water heaters replaced, and electrical panels updated (2018)
- Upper unit includes all‑new vinyl windows and W/D hookup
- Two detached garages on the property
- Public water and public sewer; fieldstone basement section takes on water during heavy storms and there are no gutters currently
Overview
The property is located at 406 N Bridge Street in Manawa, WI (Waupaca County). Two detached garages are included on the lot. The listing notes that Hwy 22 is expected to be refinished within two years. Current lease terms include the lower unit through 8/2027 and the upper unit through 5/2027.
For investors or buyers seeking a residential income property, the combination of separate utilities, updated major systems, and two leased units provides a practical foundation for an income-oriented ownership plan. The noted basement water intrusion during heavy storms and the absence of gutters are important considerations for ongoing maintenance and risk management.
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 | $19.0k | $10.20 |
| − Vacancy | −$1.2k | −$0.66 |
| EGI | $17.8k | $9.54 |
| − OpEx | −$5.3k | −$2.86 |
| NOI | $12.4k | $6.68 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Manawa
- County
- Waupaca
- State
- Wisconsin
- Longitude
- -88.919828
- Latitude
- 44.472338
