Well-Maintained Two-Family
531 North Main Street Seymour, WI 54165
531 North Main Street, Seymour, WI, 54165
$349,900
For Sale
$349,900
Upper and lower units each feature multiple bedrooms, kitchens, and full-bath space, with basements and detached garages.
Property Size1,889 SF
Price / SF$185.23
Days on Market77
Property Features for 531 North Main Street
General Information
- Standard status
- Active
- Size
- 1,889 SF
- Property subtype
- Multifamily / Duplex (2 Unit)
Building Details
- Year Built
- 1900
Listing agency
PhD Homes and Realty
(920) 360-4005
Listed by
Mark L Hermes · License #94-61776
(920) 360-4005
Source
Compass
Added: May 8 Updated: Jul 21 at 11:58AM Checked: Jul 22 at 10:52AM
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 PhD Homes and Realty
Investment Insights
Based on property information with market context.
Well-maintained two-family duplex offering separate upper and lower living arrangements with owner-occupant or investment flexibility. The main level includes a master bedroom, updated kitchen, formal dining, a large living room, enclosed front porch, foyer, and a full bath. The upper level features two bedrooms, one bath, a large family room, and a kitchen. Storage is provided in the basement for each unit, and the property includes wood decking, plus detached two-stall and one-stall garage buildings.
The duplex is located near the fairgrounds, schools, shopping, and other local amenities on the outskirts of the city.
Heating is radiant/steam, supporting comfortable year-round use for both units.
The duplex is located near the fairgrounds, schools, shopping, and other local amenities on the outskirts of the city.
Heating is radiant/steam, supporting comfortable year-round use for both units.
Key Highlights
- 2‑family property with upper and lower units, each with multiple bedrooms, kitchens, and full‑bath space
- 1900‑built 2‑story, 2 up and down multi‑level home with stone foundation and shake siding
- Radiant/steam heating with natural gas hot water heating; 1 furnace and 1 water heater
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $21.5k | $11.40 |
| − Vacancy | −$969 | −$0.51 |
| EGI | $20.6k | $10.89 |
| − OpEx | −$6.2k | −$3.27 |
| NOI | $14.4k | $7.62 |
1,889 SF · lease $11.40/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$205.7K
$180.0K – $239.9K
NOI $14,396 @ 7.0% cap · market cap 4.11%
Second Best
Apartment 5plus
$192.5K
$168.4K – $224.6K
NOI $13,475 @ 7.0% cap · market cap 3.85%
Theoretical Best
Office A
$520.8K
$455.7K – $607.6K
NOI $36,458 @ 7.0% cap · market cap 10.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Upper and lower units each feature multiple bedrooms, kitchens, and full-bath space, with basements and detached garages.
Where is this duplex located?
The property is located at 531 North Main Street Seymour, WI.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: 2‑family property with upper and lower units, each with multiple bedrooms, kitchens, and full‑bath space; 1900‑built 2‑story, 2 up and down multi‑level home with stone foundation and shake siding; Radiant/steam heating with natural gas hot water heating; 1 furnace and 1 water heater
