Well-Maintained Duplex with Private
For Sale
$430,000
Pending
4521 73rd Street, Kenosha, WI 53142
Two-unit duplex offers three bedrooms per unit, in-unit laundry, full basements, and private decks overlooking a large backyard.
Property Size1,357 SF
Days on Market88
Property Features for 4521 73rd Street
General Information
Standard status
Pending
Size
1,357 SF
Property subtype
Two-Family / Two Family
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,731
Amenities
private deck
full basement
in-unit washer and dryer
walk-in closets
spacious living areas
full eat-in kitchens
ample storage
Full
Wood
3.0
1.0
1357.0
5.0
1.5
Building Details
Year Built
1990
Listing Agency:
Century 21 Affiliated
Listed By:
Rebecca Taylor · License #80416-94
(847) 651-5293
Source:
Compass
Added: Jun 11
Changed: Aug 8
Last Checked: Jul 27 at 12:39PM
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 Century 21 Affiliated
Investment Insights
Based on property information with market context.
This well-maintained duplex provides two separate units with three large bedrooms each, including walk-in closets in the master bedrooms. Each unit includes 1.5 bathrooms, a full basement, and in-unit washer and dryer hookups. Interior features include spacious living areas, full eat-in kitchens, and ample storage throughout, with natural sunlight filling both units.
The property is centrally located on the desirable south side of Kenosha, positioned near shopping, public transportation, medical facilities, and entertainment. It sits on a quiet dead-end road, with private decks for each unit overlooking a large backyard.
With full basements and practical in-unit amenities, this layout supports comfortable day-to-day living for either full occupancy or an owner-occupant arrangement.
The property is centrally located on the desirable south side of Kenosha, positioned near shopping, public transportation, medical facilities, and entertainment. It sits on a quiet dead-end road, with private decks for each unit overlooking a large backyard.
With full basements and practical in-unit amenities, this layout supports comfortable day-to-day living for either full occupancy or an owner-occupant arrangement.
Key Highlights
- Two‑unit duplex with 3 bedrooms and 1.5 bathrooms per unit
- Each unit includes in‑unit washer and dryer
- Full basement under the duplex
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
$13,394
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
3.11%
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%
$267,880
$267.9K
Cap Rate 7%
$191,343
$191.3K
Cap Rate 9%
$148,822
$148.8K
Market Conditions
NOI Build-Up for 1,357 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
$20.4K $15.00/SF
− Vacancy
−$1.2K −$0.90/SF
EGI
$19.1K $14.10/SF
− OpEx
−$5.7K −$4.23/SF
NOI
$13.4K $9.87/SF
Area
Kenosha County, WI
Vacancy
6.00%
Lease Rate
$15.00 /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%
$267,880
Cap Rate 7%
$191,343
Cap Rate 9%
$148,822
Alternative Uses
Best Use
Multifamily LT 5
$191.3K
$167.4K – $223.2K
NOI $13,394 @ 7.0% cap · market cap 3.11%
Second Best
Apartment 5plus
$177.2K
$155.0K – $206.7K
NOI $12,402 @ 7.0% cap · market cap 2.88%
Theoretical Best
Warehouse
$1.58M
$1.38M – $1.84M
NOI $110,590 @ 7.0% cap · market cap 25.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
505
Businesses Nearby
Explore this area
Business Placement
Demographics for 53142, WI
33,146
Population
13,787
Households
2.4
Avg Household Size
39
Median Age
36%
College-Educated
92%
High-School Grad
20.7 sq mi
ZIP Area
1,601
Density / Sq Mi
$86,891
Median Household Income
$49,161
Median Earnings
$1,319
Median Rent
$254,300
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-unit duplex offers three bedrooms per unit, in-unit laundry, full basements, and private decks overlooking a large backyard.
Where is this duplex located?
The property is located at 4521 73rd Street Kenosha, WI.
What is the asking price?
The asking price for this property is $430,000.
What are key features of this property?
This property features: Two‑unit duplex with 3 bedrooms and 1.5 bathrooms per unit; Each unit includes in‑unit washer and dryer; Full basement under the duplex
