Duplex With Shared Basement
For Sale
$275,000
516 46th St, Kenosha, WI 53140
Two residential units feature laminate flooring, combined living and dining areas, and separate heating and cooling details.
Property Size800 SF
Price / SF$343.75
Days on Market58
Property Features for 516 46th St
General Information
Standard status
Active
Size
800 SF
Property subtype
Multi-Family
Building Details
Year Built
1903
Listing Agency:
Homestead Realty, Inc
Listed By:
Anne Yust · License #90119-94
(414) 461-4040
Source:
Tumpanelegacy
Added: Aug 20
Changed: Oct 7
Last Checked: Oct 7 at 5:39PM
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 Homestead Realty, Inc
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Investment Insights
Based on property information with market context.
Built in 1903, this two-family duplex at 516 46th St in Kenosha includes two residential units with laminate flooring and combined living and dining areas. The basement contains a shared laundry area. The lower unit has central air, while the upper unit’s furnace is positioned in the attic and is 1 year old. The exterior is designed for low maintenance, and the driveway is subject to an easement shared with 602 46th St.
The upper unit has a long-standing tenant, and the lower unit has a new move-in. The property is offered for sale in as-is condition, with the owner preferring to sell the units together.
The upper unit has a long-standing tenant, and the lower unit has a new move-in. The property is offered for sale in as-is condition, with the owner preferring to sell the units together.
Key Highlights
- Two‑family duplex built in 1903
- Laminate flooring installed in both units
- Shared laundry area in the basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,896
Cap Rate
2.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$157,920
$157.9K
Cap Rate 7%
$112,800
$112.8K
Cap Rate 9%
$87,733
$87.7K
Market Conditions
NOI Build-Up for 800 SF
Gross rent
$12.0K $15.00/SF
− Vacancy
−$720 −$0.90/SF
EGI
$11.3K $14.10/SF
− OpEx
−$3.4K −$4.23/SF
NOI
$7.9K $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 Rate 5%
$157,920
Cap Rate 7%
$112,800
Cap Rate 9%
$87,733
Alternative Uses
Best Use
Multifamily LT 5
$112.8K
$98.7K – $131.6K
NOI $7,896 @ 7.0% cap · market cap 2.87%
Second Best
Apartment 5plus
$104.4K
$91.4K – $121.9K
NOI $7,311 @ 7.0% cap · market cap 2.66%
Theoretical Best
Warehouse
$931.4K
$815.0K – $1.09M
NOI $65,197 @ 7.0% cap · market cap 23.71%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
482
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units feature laminate flooring, combined living and dining areas, and separate heating and cooling details.
Where is this duplex located?
The property is located at 516 46th St Kenosha, WI.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Two‑family duplex built in 1903; Laminate flooring installed in both units; Shared laundry area in the basement
