Updated
New
For Sale
$199,900
5711 18th Ave, Kenosha, WI 53140
The lower residence has been modernized, while the property retains its historic character.
Property Size1,698 SF
Price / SF$117.73
Days on Market5
Property Features for 5711 18th Ave
General Information
Standard status
Active
Size
1,698 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1893
Listing Agency:
Epique Realty
Listed By:
Benjamin Gentile
(262) 705-1149
Source:
Tumpanelegacy
Added: Oct 30
Last Checked: Nov 3 at 11:54AM
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 Epique Realty
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Investment Insights
Based on property information with market context.
This duplex contains two residential units and dates to 1893. The lower unit has received updates, combining contemporary improvements with the building’s historic character.
Zoned RES, the property is located at 5711 18th Ave in Kenosha, Wisconsin.
Zoned RES, the property is located at 5711 18th Ave in Kenosha, Wisconsin.
Key Highlights
- Two‑unit residential property
- Built in 1893
- Updated lower unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,759
Cap Rate
8.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$335,180
$335.2K
Cap Rate 7%
$239,414
$239.4K
Cap Rate 9%
$186,211
$186.2K
Market Conditions
NOI Build-Up for 1,698 SF
Gross rent
$25.5K $15.00/SF
− Vacancy
−$1.5K −$0.90/SF
EGI
$23.9K $14.10/SF
− OpEx
−$7.2K −$4.23/SF
NOI
$16.8K $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%
$335,180
Cap Rate 7%
$239,414
Cap Rate 9%
$186,211
Alternative Uses
Best Use
Multifamily LT 5
$239.4K
$209.5K – $279.3K
NOI $16,759 @ 7.0% cap · market cap 8.38%
Second Best
Apartment 5plus
$221.7K
$194.0K – $258.7K
NOI $15,519 @ 7.0% cap · market cap 7.76%
Theoretical Best
Warehouse
$1.98M
$1.73M – $2.31M
NOI $138,380 @ 7.0% cap · market cap 69.22%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,301
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 - The lower residence has been modernized, while the property retains its historic character.
Where is this duplex located?
The property is located at 5711 18th Ave Kenosha, WI.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Two‑unit residential property; Built in 1893; Updated lower unit
