Two-Unit Duplex with
For Sale
$385,000
421 N PARK Road, Algoma, WI 54201
Each residence has a separate entrance, garage, mechanical systems and utilities.
Property Size3,156 SF
Price / SF$121.99
Days on Market8
Property Features for 421 N PARK Road
General Information
Standard status
Active
Size
3,156 SF
Property subtype
Duplex
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Individually Metered Utilities
unspecified utilities
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$4,997
Amenities
deck
covered patio
attached garage
Building Details
Building Size
3,156 SF
Year Built
1994
Buildings
1
Listing Agency:
Todd Wiese Homeselling System, Inc.
Listed By:
Alex C. Roup · License #91-835838
(920) 406-0001
Source:
C21ace
Added: Oct 22
Changed: Oct 27
Last Checked: Oct 28 at 1:59PM
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 Todd Wiese Homeselling System, Inc.
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Investment Insights
Based on property information with market context.
Built in 1994, this duplex contains two matching residences, each with 1,528 square feet, two bedrooms and two bathrooms. Both homes have an upper deck and a covered ground-level patio facing Peterson Park, along with an attached garage, private entry and separate mechanical systems and utilities.
The property sits on a cul-de-sac in Algoma, a short drive from downtown and Algoma Harbor. Crescent Beach and its boardwalk, as well as local dining, a brewery, winery and distillery, are also nearby.
The property sits on a cul-de-sac in Algoma, a short drive from downtown and Algoma Harbor. Crescent Beach and its boardwalk, as well as local dining, a brewery, winery and distillery, are also nearby.
Key Highlights
- Two residences, each with 1,528 square feet, 2 bedrooms and 2 baths
- Upper deck and covered lower patio at each residence, facing Peterson Park
- Attached garage, private entrance, separate mechanical systems and utilities for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,558
Cap Rate
7.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$551,160
$551.2K
Cap Rate 7%
$393,686
$393.7K
Cap Rate 9%
$306,200
$306.2K
Market Conditions
NOI Build-Up for 3,156 SF
Gross rent
$41.7K $13.20/SF
− Vacancy
−$2.3K −$0.73/SF
EGI
$39.4K $12.47/SF
− OpEx
−$11.8K −$3.74/SF
NOI
$27.6K $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%
$551,160
Cap Rate 7%
$393,686
Cap Rate 9%
$306,200
Alternative Uses
Best Use
Multifamily LT 5
$393.7K
$344.5K – $459.3K
NOI $27,558 @ 7.0% cap · market cap 7.16%
Second Best
Apartment 5plus
$366.7K
$320.9K – $427.8K
NOI $25,670 @ 7.0% cap · market cap 6.67%
Theoretical Best
Office A
$735.8K
$643.8K – $858.4K
NOI $51,506 @ 7.0% cap · market cap 13.38%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
222
Businesses Nearby
Explore this area
Business Placement
Demographics for 54201, WI
5,281
Population
2,603
Households
2
Avg Household Size
48
Median Age
19%
College-Educated
92%
High-School Grad
75.5 sq mi
ZIP Area
70
Density / Sq Mi
$65,772
Median Household Income
$39,787
Median Earnings
$823
Median Rent
$174,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has a separate entrance, garage, mechanical systems and utilities.
Where is this duplex located?
The property is located at 421 N PARK Road Algoma, WI.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: Two residences, each with 1,528 square feet, 2 bedrooms and 2 baths; Upper deck and covered lower patio at each residence, facing Peterson Park; Attached garage, private entrance, separate mechanical systems and utilities for each unit
