Two-Unit Duplex with
For Sale
$269,000
602 46th STREET, Kenosha, WI 53140
Each residence offers private laundry, newer flooring, and access to a fenced yard adjoining the garage.
Property Size2,000 SF
Price / SF$134.50
Days on Market76
Property Features for 602 46th STREET
General Information
Standard status
Active
Size
2,000 SF
Property subtype
Multi Family
Building Details
Year Built
1898
Listing Agency:
Homestead Realty, Inc
Listed By:
Anne Yust · License #90119-94
(262) 994-4006
Source:
Exsellexperts
Added: Aug 20
Changed: Oct 31
Last Checked: Nov 3 at 7:01AM
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.
Located at 602 46th St in Kenosha, this 2,000-square-foot duplex contains two residential units with practical features for occupants. Laundry is provided within both units, while newer flooring has been installed in the upper and lower residences. The upper unit also includes its furnace within the living space.
The property was built in 1898 and sits near the lake. A fenced yard is attached to the garage, adding dedicated outdoor space and useful storage or parking functionality. The property is subject to an easement involving a shared drive, and the owner prefers a sale together with the separately listed property at 516 46th St because of that access arrangement.
The property was built in 1898 and sits near the lake. A fenced yard is attached to the garage, adding dedicated outdoor space and useful storage or parking functionality. The property is subject to an easement involving a shared drive, and the owner prefers a sale together with the separately listed property at 516 46th St because of that access arrangement.
Key Highlights
- 2,000‑square‑foot duplex with two residential units
- Laundry located in each unit
- Newer flooring in both upper and lower units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,740
Cap Rate
7.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$394,800
$394.8K
Cap Rate 7%
$282,000
$282.0K
Cap Rate 9%
$219,333
$219.3K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$30.0K $15.00/SF
− Vacancy
−$1.8K −$0.90/SF
EGI
$28.2K $14.10/SF
− OpEx
−$8.5K −$4.23/SF
NOI
$19.7K $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%
$394,800
Cap Rate 7%
$282,000
Cap Rate 9%
$219,333
Alternative Uses
Best Use
Multifamily LT 5
$282.0K
$246.8K – $329.0K
NOI $19,740 @ 7.0% cap · market cap 7.34%
Second Best
Apartment 5plus
$261.1K
$228.5K – $304.7K
NOI $18,279 @ 7.0% cap · market cap 6.80%
Theoretical Best
Warehouse
$2.33M
$2.04M – $2.72M
NOI $162,992 @ 7.0% cap · market cap 60.59%
Zoning and permitted uses should be independently verified with authorities.
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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 - Each residence offers private laundry, newer flooring, and access to a fenced yard adjoining the garage.
Where is this duplex located?
The property is located at 602 46th STREET Kenosha, WI.
What is the asking price?
The asking price for this property is $269,000.
What are key features of this property?
This property features: 2,000‑square‑foot duplex with two residential units; Laundry located in each unit; Newer flooring in both upper and lower units
