Residential Income Property with Shared
For Sale
$599,000
6027 18th Ave, Kenosha, WI 53140
Brick residence with flexible layouts, multiple kitchens, accessible features, and dedicated parking improvements.
Property Size3,844 SF
Price / SF$155.83
Days on Market44
Property Features for 6027 18th Ave
General Information
Standard status
Active
Size
3,844 SF
Occupancy
100%
Amenities
laundry facilities
central air conditioning
accessible ramp
Building Details
Year Built
1912
Construction
brick
Listing Agency:
SynerG Realty LLC
(262) 930-1106
Listed By:
Carol Hawes · License #5152790
Source:
Jwregwi
Added: Jul 17
Changed: Aug 28
Last Checked: Aug 29 at 12:01PM
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 SynerG Realty LLC
Investment Insights
Based on property information with market context.
This 3,844-square-foot brick residential income property, built in 1912, is currently operated as a shared-living home with 9 rooms and full occupancy. The main and upper levels each include a kitchen and gathering area, while the layout also includes one full bathroom on the main floor and two full bathrooms upstairs. Separate heat and central air serve each floor.
The property includes a two-car garage, full basement with laundry facilities, and tandem parking for four vehicles in the driveway. A rear accessible ramp and wide doorways are among the existing accessibility features. The structure may accommodate single-family, duplex, boarding house, assisted living facility, CBRF, or transitional living center uses, subject to applicable requirements.
The property includes a two-car garage, full basement with laundry facilities, and tandem parking for four vehicles in the driveway. A rear accessible ramp and wide doorways are among the existing accessibility features. The structure may accommodate single-family, duplex, boarding house, assisted living facility, CBRF, or transitional living center uses, subject to applicable requirements.
Key Highlights
- 3,844 SF brick property built in 1912
- Currently operated as a fully occupied shared‑living home with 9 rooms
- Main and upper floors each include a kitchen and gathering room
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
$35,131
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
5.86%
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%
$702,620
$702.6K
Cap Rate 7%
$501,871
$501.9K
Cap Rate 9%
$390,344
$390.3K
Market Conditions
NOI Build-Up for 3,844 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
$67.8K $17.64/SF
− Vacancy
−$3.9K −$1.02/SF
EGI
$63.9K $16.62/SF
− OpEx
−$28.7K −$7.48/SF
NOI
$35.1K $9.14/SF
Area
Kenosha County, WI
Vacancy
5.80%
Lease Rate
$17.64 /SF/Yr
Expense Ratio
45.00%
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%
$702,620
Cap Rate 7%
$501,871
Cap Rate 9%
$390,344
Alternative Uses
Best Use
Apartment 5plus
$501.9K
$439.1K – $585.5K
NOI $35,131 @ 7.0% cap · market cap 5.86%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$4.48M
$3.92M – $5.22M
NOI $313,270 @ 7.0% cap · market cap 52.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,284
Businesses Nearby
Explore this area
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Brick residence with flexible layouts, multiple kitchens, accessible features, and dedicated parking improvements.
Where is this residential income property located?
The property is located at 6027 18th Ave Kenosha, WI.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 3,844 SF brick property built in 1912; Currently operated as a fully occupied shared‑living home with 9 rooms; Main and upper floors each include a kitchen and gathering room
