Three-Unit
For Sale
$300,000
507 Seymour Street, Wausau, WI 54403
Multifamily property on Wausau’s East side with three residential units.
Property Size1,301 SF
Price / SF$230.59
Days on Market53
Property Features for 507 Seymour Street
General Information
Standard status
Active
Size
1,301 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
3
Building Details
Year Built
1900
Listing Agency:
Redman Realty Group, LLC
(715) 358-0450
Listed By:
Kelly Weiler
(715) 965-1234
Source:
Familytreerealtyllc
Added: Aug 15
Changed: Oct 6
Last Checked: Oct 5 at 6:22PM
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 Redman Realty Group, LLC
Investment Insights
Based on property information with market context.
This three-unit multifamily property is located on the East side of Wausau, Wisconsin. The configuration supports a residential income use and may also suit an owner-occupant seeking a home within a small multifamily setting.
The property is situated at 507 Seymour Street in Wausau, providing a defined location for evaluating the surrounding residential area and local market.
The property is situated at 507 Seymour Street in Wausau, providing a defined location for evaluating the surrounding residential area and local market.
Key Highlights
- Three‑unit multifamily configuration
- Located on Wausau’s East side
- 507 Seymour Street address
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,878
Cap Rate
3.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$217,560
$217.6K
Cap Rate 7%
$155,400
$155.4K
Cap Rate 9%
$120,867
$120.9K
Market Conditions
NOI Build-Up for 1,301 SF
Gross rent
$16.4K $12.60/SF
− Vacancy
−$852 −$0.66/SF
EGI
$15.5K $11.94/SF
− OpEx
−$4.7K −$3.58/SF
NOI
$10.9K $8.36/SF
Area
Marathon County, WI
Vacancy
5.20%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$217,560
Cap Rate 7%
$155,400
Cap Rate 9%
$120,867
Alternative Uses
Best Use
Multifamily LT 5
$155.4K
$136.0K – $181.3K
NOI $10,878 @ 7.0% cap · market cap 3.63%
Second Best
Apartment 5plus
$140.1K
$122.6K – $163.5K
NOI $9,809 @ 7.0% cap · market cap 3.27%
Theoretical Best
Specialty Retail
$240.4K
$210.3K – $280.4K
NOI $16,826 @ 7.0% cap · market cap 5.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
808
Businesses Nearby
Explore this area
Business Placement
Demographics for 54403, WI
24,712
Population
11,171
Households
2.2
Avg Household Size
41
Median Age
33%
College-Educated
95%
High-School Grad
133.6 sq mi
ZIP Area
185
Density / Sq Mi
$66,040
Median Household Income
$41,670
Median Earnings
$942
Median Rent
$179,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Triplex - Multifamily property on Wausau’s East side with three residential units.
Where is this triplex located?
The property is located at 507 Seymour Street Wausau, WI.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Three‑unit multifamily configuration; Located on Wausau’s East side; 507 Seymour Street address
