Side-by-Side
New
For Sale
$299,900
517 MAYVILLE Street, Theresa, WI 53091
Two separately configured rental units offer three-bedroom layouts, private garages, and shared outdoor space.
Property Size2,628 SF
Price / SF$114.12
Days on Market6
Property Features for 517 MAYVILLE Street
General Information
Standard status
Active
Size
2,628 SF
Property subtype
Duplex
Units
Unit Mix
2 x 3BR/1.5BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,073
Amenities
yard
Building Details
Building Size
2,628 SF
Year Built
1975
Listing Agency:
RE/MAX Heritage
(920) 923-7777
Listed By:
Gus Garcia · License #91-936379
(920) 923-7777
Source:
C21ace
Added: Aug 5
Changed: Aug 9
Last Checked: Aug 10 at 9:36AM
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 RE/MAX Heritage
Investment Insights
Based on property information with market context.
This side-by-side duplex contains two residential units, each with 3 bedrooms, 1.5 baths, and more than 1,100 square feet of living space. The property totals 2,628 square feet and was built in 1975. Each unit has access to a private 1-car garage, while both share a large yard.
Month-to-month tenants are currently in place. The existing configuration provides two distinct living spaces with established occupancy and separate garage access. Located at 517 MAYVILLE Street in Theresa, Wisconsin, the property is identified as a duplex and offers a straightforward two-unit residential layout.
Month-to-month tenants are currently in place. The existing configuration provides two distinct living spaces with established occupancy and separate garage access. Located at 517 MAYVILLE Street in Theresa, Wisconsin, the property is identified as a duplex and offers a straightforward two-unit residential layout.
Key Highlights
- Two‑unit side‑by‑side duplex with 2,628 square feet
- Each unit includes 3 bedrooms, 1.5 baths, and more than 1,100 square feet
- Private 1‑car garage access for each unit
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
$23,477
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
7.83%
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%
$469,540
$469.5K
Cap Rate 7%
$335,386
$335.4K
Cap Rate 9%
$260,856
$260.9K
Market Conditions
NOI Build-Up for 2,628 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
$34.7K $13.20/SF
− Vacancy
−$1.2K −$0.44/SF
EGI
$33.5K $12.76/SF
− OpEx
−$10.1K −$3.83/SF
NOI
$23.5K $8.93/SF
Area
Dodge County, WI
Vacancy
3.32%
Lease Rate
$13.20 /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%
$469,540
Cap Rate 7%
$335,386
Cap Rate 9%
$260,856
Alternative Uses
Best Use
Multifamily LT 5
$335.4K
$293.5K – $391.3K
NOI $23,477 @ 7.0% cap · market cap 7.83%
Second Best
Apartment 5plus
$310.8K
$272.0K – $362.7K
NOI $21,759 @ 7.0% cap · market cap 7.26%
Theoretical Best
Office A
$570.9K
$499.5K – $666.0K
NOI $39,962 @ 7.0% cap · market cap 13.33%
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
80
Businesses Nearby
Explore this area
Business Placement
Demographics for 53091, WI
2,013
Population
918
Households
2.2
Avg Household Size
46
Median Age
17%
College-Educated
94%
High-School Grad
25.7 sq mi
ZIP Area
78
Density / Sq Mi
$81,442
Median Household Income
$47,902
Median Earnings
$1,013
Median Rent
$195,800
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 separately configured rental units offer three-bedroom layouts, private garages, and shared outdoor space.
Where is this duplex located?
The property is located at 517 MAYVILLE Street Theresa, WI.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Two‑unit side‑by‑side duplex with 2,628 square feet; Each unit includes 3 bedrooms, 1.5 baths, and more than 1,100 square feet; Private 1‑car garage access for each unit
