Updated Duplex with Vacant
614-616 Market Street La Crosse, WI 54601
614-616 Market Street, La Crosse, WI, 54601
$324,900
For Sale
$324,900
Spacious duplex features a rented 3-bedroom unit plus a vacant studio with major 2025 upgrades throughout.
Property Size1,410 SF
Price / SF$230.43
Days on Market12
Property Features for 614-616 Market Street
General Information
- Standard status
- Active
- Size
- 1,410 SF
- Property subtype
- Two-Family / Two Family
Building Details
- Year Built
- 1901
Listing agency
Edina Realty, Inc.
(608) 386-3327
Listed by
Michele Burton · License #54336-94
(608) 386-3327
Source
Compass
Added: Jul 12 Updated: Jul 22 at 12:35PM Checked: Jul 22 at 12:35PM
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 Edina Realty, Inc.
Investment Insights
Based on property information with market context.
This updated duplex includes a rented 3-bedroom, 2.5-bath unit and a vacant studio unit, providing flexibility for an owner-occupant or investor. Major improvements completed in 2025 include a new roof, siding, water heater, windows, LVP flooring, bathroom vanities, tile showers, kitchen cabinetry, and appliances, along with a wall sleeve unit in the studio. The furnace was also recently upgraded.
The property is located just steps from Viterbo University and blocks from Mayo, supporting steady rental demand in the immediate area.
The 3-bedroom/2.5-bath unit is leased through May 2027, while the studio unit can be used as additional living space, rented for short-term stays, or leased long-term.
The property is located just steps from Viterbo University and blocks from Mayo, supporting steady rental demand in the immediate area.
The 3-bedroom/2.5-bath unit is leased through May 2027, while the studio unit can be used as additional living space, rented for short-term stays, or leased long-term.
Key Highlights
- Duplex includes a rented 3‑bedroom, 2.5‑bath unit through May 2027
- Vacant studio unit provides flexibility for owner‑occupancy or rental use
- Major updates completed in 2025: roof, siding, water heater, windows, and furnace upgrade
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 | $19.5k | $13.80 |
| − Vacancy | −$1.3k | −$0.90 |
| EGI | $18.2k | $12.90 |
| − OpEx | −$5.5k | −$3.87 |
| NOI | $12.7k | $9.03 |
1,410 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$181.9K
$159.2K – $212.3K
NOI $12,735 @ 7.0% cap · market cap 3.92%
Second Best
Apartment 5plus
$163.7K
$143.2K – $191.0K
NOI $11,459 @ 7.0% cap · market cap 3.53%
Theoretical Best
Specialty Retail
$308.4K
$269.8K – $359.8K
NOI $21,586 @ 7.0% cap · market cap 6.64%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Spacious duplex features a rented 3-bedroom unit plus a vacant studio with major 2025 upgrades throughout.
Where is this duplex located?
The property is located at 614-616 Market Street La Crosse, WI.
What is the asking price?
The asking price for this property is $324,900.
What are key features of this property?
This property features: Duplex includes a rented 3‑bedroom, 2.5‑bath unit through May 2027; Vacant studio unit provides flexibility for owner‑occupancy or rental use; Major updates completed in 2025: roof, siding, water heater, windows, and furnace upgrade
