Upper-Lower Duplex with
For Sale
Contact for pricing
4603 22ND AVE, Kenosha, WI 53140
Two-bedroom upper and lower residences include a detached garage and recent property updates.
Property Size2,002 SF
Price / SF$104.85
Days on Market64
Property Features for 4603 22ND AVE
General Information
Standard status
Active
Size
2,002 SF
Total Parking Spaces
2
Property subtype
Multifamily
Zoning
RES
Occupancy
100%
Net Operating Income
$12,474
Additional Details
Gross Income
$23,580
Multifamily Units
2
Building Details
Year Built
1927
Buildings
1
Stories
2
Units
2
Tenancy
Multi
Listing Agency:
SNSHN Realty LLC
Listed By:
Anna Cihla · License #5965690
(608) 333-2827
Source:
Crexi
Added: Aug 20
Changed: Oct 11
Last Checked: Oct 20 at 6:35PM
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 SNSHN Realty LLC
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Investment Insights
Based on property information with market context.
This 2,002-square-foot duplex, built in 1927, is arranged with one two-bedroom residence above another. The property includes a detached two-car garage, a replacement garage door completed in 2023, and one furnace installed in 2026.
Zoned RES, the property has tenants responsible for gas, electric, heat, and water. Its upper-and-lower configuration provides two separate residential living spaces within a single multifamily property.
Zoned RES, the property has tenants responsible for gas, electric, heat, and water. Its upper-and-lower configuration provides two separate residential living spaces within a single multifamily property.
Key Highlights
- Upper‑and‑lower duplex layout with two‑bedroom residences
- 2,002 square feet of building area
- Detached two‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,297
Cap Rate
8.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$365,940
$365.9K
Cap Rate 7%
$261,386
$261.4K
Cap Rate 9%
$203,300
$203.3K
Market Conditions
NOI Build-Up for 2,002 SF
Gross rent
$35.3K $17.64/SF
− Vacancy
−$2.0K −$1.02/SF
EGI
$33.3K $16.62/SF
− OpEx
−$15.0K −$7.48/SF
NOI
$18.3K $9.14/SF
Area
Kenosha County, WI
Vacancy
5.80%
Lease Rate
$17.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$365,940
Cap Rate 7%
$261,386
Cap Rate 9%
$203,300
Alternative Uses
Best Use
Multifamily LT 5
$282.3K
$247.0K – $329.3K
NOI $19,760 @ 7.0% cap · market cap 9.41%
Second Best
Apartment 5plus
$261.4K
$228.7K – $305.0K
NOI $18,297 @ 7.0% cap · market cap 8.72%
Theoretical Best
Warehouse
$2.33M
$2.04M – $2.72M
NOI $163,155 @ 7.0% cap · market cap 77.73%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
447
Businesses Nearby
Explore this area
Business Placement
Demographics for 53140, WI
30,571
Population
14,065
Households
2.2
Avg Household Size
36
Median Age
28%
College-Educated
90%
High-School Grad
7.9 sq mi
ZIP Area
3,870
Density / Sq Mi
$56,803
Median Household Income
$34,154
Median Earnings
$1,018
Median Rent
$191,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two-bedroom upper and lower residences include a detached garage and recent property updates.
Where is this duplex located?
The property is located at 4603 22ND AVE Kenosha, WI.
What is the asking price?
The asking price for this property is $209,900.
What are key features of this property?
This property features: Upper‑and‑lower duplex layout with two‑bedroom residences; 2,002 square feet of building area; Detached two‑car garage
