Side-by-Side Duplex
408 E PINE Street New London, WI 54961
For Sale
$205,000
Side-by-side duplex with two 2-bedroom units, each with a full basement and private storage shed.
Property Size1,608 SF
Price / SF$127.49
Days on Market32
Property Features for 408 E PINE Street
General Information
- Standard status
- Active
- Size
- 1,608 SF
- Property subtype
- Duplex
Building Details
- Year Built
- 1960
Listing Agency:
Coldwell Banker Real Estate Group
(920) 415-0472
Listed By:
Tiffany L. Holtz · License #9052424
Source:
C21ace
Added: Jun 22
Changed: Jul 21
Last Checked: Jul 23 at 5:35AM
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 Coldwell Banker Real Estate Group
Investment Insights
Based on property information with market context.
This side-by-side duplex in New London includes two separate units, and each unit features two bedrooms, one full bath, an eat-in kitchen, and a spacious living room. The property also has a full basement and a private storage shed for each side. Recent updates include new furnaces for both units in 2025 and new privacy fencing for each side.
Tenants are responsible for utilities through separate gas, electric, and water meters. The property is served by municipal water and sewer and uses natural gas forced-air heat, with vinyl exterior and off-street parking.
Leases for both units expire this year, providing flexibility for future rent adjustments, owner occupancy, or other investment strategies.
Tenants are responsible for utilities through separate gas, electric, and water meters. The property is served by municipal water and sewer and uses natural gas forced-air heat, with vinyl exterior and off-street parking.
Leases for both units expire this year, providing flexibility for future rent adjustments, owner occupancy, or other investment strategies.
Key Highlights
- Side‑by‑side duplex built in 1960 with two 2‑bedroom units, each with 1 full bath and an eat‑in kitchen
- Each unit includes a spacious living room plus a full basement and a private storage shed
- Recent updates: new furnaces for both units in 2025 and new privacy fencing for each side
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 | $16.4k | $10.20 |
| − Vacancy | −$1.1k | −$0.66 |
| EGI | $15.3k | $9.54 |
| − OpEx | −$4.6k | −$2.86 |
| NOI | $10.7k | $6.68 |
1,608 SF · lease $10.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$153.4K
$134.2K – $178.9K
NOI $10,735 @ 7.0% cap · market cap 5.24%
Second Best
Apartment 5plus
$143.3K
$125.4K – $167.2K
NOI $10,029 @ 7.0% cap · market cap 4.89%
Theoretical Best
Office A
$301.2K
$263.6K – $351.4K
NOI $21,084 @ 7.0% cap · market cap 10.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Side-by-side duplex with two 2-bedroom units, each with a full basement and private storage shed.
Where is this duplex located?
The property is located at 408 E PINE Street New London, WI.
What is the asking price?
The asking price for this property is $205,000.
What are key features of this property?
This property features: Side‑by‑side duplex built in 1960 with two 2‑bedroom units, each with 1 full bath and an eat‑in kitchen; Each unit includes a spacious living room plus a full basement and a private storage shed; Recent updates: new furnaces for both units in 2025 and new privacy fencing for each side
