Building Details

Building Size 2,384 SF

Year Built 1994

Buildings 1

Construction ranch style

Listing Agency: Town & Country Real Estate

Listed By: Alan J. Meister · License #91-938082 Show Phone

Source: C21ace

Added: Oct 1 Changed: Oct 6 Last Checked: Oct 5 at 11:02PM

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Investment Insights

Based on property information with market context.

This ranch-style duplex, built in 1994, contains two side-by-side units. Each unit offers 2 bedrooms, 1 bathroom, and 1,192 square feet of living space. A basement provides storage, and laundry is available on site.

The property is in Luxemburg, Wisconsin, within a 30-minute commute of Green Bay and close to schools. The units may be rented together or occupied separately, with one side available for owner occupancy while the other is rented.

Key Highlights

• Two side‑by‑side units, each with 2 bedrooms and 1 bathroom
• 1,192 square feet of living space per unit; 2,384 square feet total
• Ranch‑style duplex built in 1994

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$20,817

Cap Rate

5.51%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$416,340 $416.3K

Cap Rate 7%

$297,386 $297.4K

Cap Rate 9%

$231,300 $231.3K

Market Conditions

NOI Build-Up for 2,384 SF

Gross rent

$31.5K $13.20/SF

− Vacancy

−$1.7K −$0.73/SF

EGI

$29.7K $12.47/SF

− OpEx

−$8.9K −$3.74/SF

NOI

$20.8K $8.73/SF

Area

Kewaunee County, WI

Vacancy

5.50%

Lease Rate

$13.20 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$416,340

Cap Rate 7%

$297,386

Cap Rate 9%

$231,300

Alternative Uses

Best Use

Multifamily LT 5

$297.4K

$260.2K – $347.0K (±1% cap)

NOI $20,817 @ 7.0% cap · market cap 5.51%

Second Best

Apartment 5plus

$277.0K

$242.4K – $323.2K (±1% cap)

NOI $19,391 @ 7.0% cap · market cap 5.13%

Theoretical Best

Office A

$555.8K

$486.3K – $648.5K (±1% cap)

NOI $38,907 @ 7.0% cap · market cap 10.29%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Plumbing Service Grocery & Convenience Store Storage Facility (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom Barber Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

109

Businesses Nearby

Explore this area Business Placement

Demographics for 54217, WI

7,713

Population

3,265

Households

2.4

Avg Household Size

42

Median Age

26%

College-Educated

95%

High-School Grad

112.0 sq mi

ZIP Area

69

Density / Sq Mi

$85,893

Median Household Income

$46,822

Median Earnings

$956

Median Rent

$255,200

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Duplex - Two mirrored units provide separate living areas, with basement space for storage and on-site laundry.

Where is this duplex located?

The property is located at 418 PRAIRIE Lane Luxemburg, WI.

What is the asking price?

The asking price for this property is $378,000.

What are key features of this property?

This property features: Two side‑by‑side units, each with 2 bedrooms and 1 bathroom; 1,192 square feet of living space per unit; 2,384 square feet total; Ranch‑style duplex built in 1994