Paired Duplex with Pond
For Sale
$549,900
571 South 9th Street, De Pere, WI 54115
Two-story residences feature matching layouts, first-floor laundry, and attached two-stall garages.
Property Size3,636 SF
Lot Size0.50 Acres
Price / SF$151.24
Days on Market144
Property Features for 571 South 9th Street
General Information
Standard status
Active
Size
3,636 SF
Total Parking Spaces
4
Lot size
0.50 Acres
Property subtype
Multifamily / Duplex (2 Unit)
Zoning
2 Family/Duplex
Units
Unit Mix
2 x 3BR/1.5BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,518
Amenities
Forced Air
2
Natural Gas
Full,Sump Pump
Poured Concrete
2 side by side,2 Story
Brick,Vinyl Siding
Laundry 1st Floor,Level Drive,Level Lot
Building Details
Year Built
2004
Buildings
1
Stories
2
Listing Agency:
Resource One Realty, LLC
(920) 217-5498
Listed By:
Adam P Turriff · License #90-56835
(920) 217-5498
Source:
Compass
Added: Apr 9
Changed: Aug 29
Last Checked: Aug 29 at 7:09PM
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 Resource One Realty, LLC
Investment Insights
Based on property information with market context.
This 3,636-square-foot duplex contains two matching residences, each arranged with three bedrooms and 1.5 baths. The upper floor houses the bedrooms and full bath, while the main level includes a living room, kitchen, half bath, and laundry area. Both units have attached two-stall garages, newer appliances, forced-air heating, natural gas service, and sump pumps. The building was constructed in 2004 and presents brick and vinyl siding over a poured-concrete foundation.
Set on a level 0.499-acre lot at 571 South 9th Street in De Pere, the property includes pond views and level-drive access. The 2 Family/Duplex zoning designation aligns with the building’s two-residence configuration.
Set on a level 0.499-acre lot at 571 South 9th Street in De Pere, the property includes pond views and level-drive access. The 2 Family/Duplex zoning designation aligns with the building’s two-residence configuration.
Key Highlights
- 3,636‑square‑foot side‑by‑side duplex on a 0.499‑acre lot
- Each unit includes 3 bedrooms and 1.5 baths
- Two‑stall attached garage serving 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
$34,448
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
6.26%
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%
$688,960
$689.0K
Cap Rate 7%
$492,114
$492.1K
Cap Rate 9%
$382,756
$382.8K
Market Conditions
NOI Build-Up for 3,636 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
$51.0K $14.04/SF
− Vacancy
−$1.8K −$0.51/SF
EGI
$49.2K $13.53/SF
− OpEx
−$14.8K −$4.06/SF
NOI
$34.4K $9.47/SF
Area
Brown County, WI
Vacancy
3.60%
Lease Rate
$14.04 /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%
$688,960
Cap Rate 7%
$492,114
Cap Rate 9%
$382,756
Alternative Uses
Best Use
Multifamily LT 5
$492.1K
$430.6K – $574.1K
NOI $34,448 @ 7.0% cap · market cap 6.26%
Second Best
Apartment 5plus
$454.6K
$397.8K – $530.4K
NOI $31,825 @ 7.0% cap · market cap 5.79%
Theoretical Best
Warehouse
$3.04M
$2.66M – $3.55M
NOI $212,829 @ 7.0% cap · market cap 38.70%
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
264
Businesses Nearby
Explore this area
Business Placement
Demographics for 54115, WI
48,710
Population
20,415
Households
2.4
Avg Household Size
37
Median Age
40%
College-Educated
96%
High-School Grad
124.0 sq mi
ZIP Area
393
Density / Sq Mi
$92,023
Median Household Income
$46,843
Median Earnings
$1,071
Median Rent
$307,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-story residences feature matching layouts, first-floor laundry, and attached two-stall garages.
Where is this duplex located?
The property is located at 571 South 9th Street De Pere, WI.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: 3,636‑square‑foot side‑by‑side duplex on a 0.499‑acre lot; Each unit includes 3 bedrooms and 1.5 baths; Two‑stall attached garage serving each unit
