Duplex with Detached
New
For Sale
$169,900
617 S 3rd Avenue, Wausau, WI 54401
Two apartments include a private porch, fenced yard, and garage with workshop and loft storage.
Property Size1,156 SF
Price / SF$146.97
Days on Market5
Property Features for 617 S 3rd Avenue
General Information
Standard status
Active
Size
1,156 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Amenities
enclosed front porch
laundry area
fenced-in yard
detached two-car garage
workshop space
loft storage
basement
Building Details
Year Built
1900
Listing Agency:
Kpr Brokers, LLC
Listed By:
Kelly Weiler
(715) 965-1234
Source:
Familytreerealtyllc
Added: Oct 30
Changed: Nov 1
Last Checked: Nov 3 at 6:05AM
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 Kpr Brokers, LLC
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Investment Insights
Based on property information with market context.
This 1,156-square-foot duplex, built in 1900, contains two apartments. The lower unit has an enclosed front porch and access to the laundry area; the upper unit includes two bedrooms and a large living room window. A basement adds storage space.
The property at 617 S 3rd Avenue in Wausau includes a fenced yard and a detached two-car garage with workshop space and loft storage. Off-street parking is also available.
The property at 617 S 3rd Avenue in Wausau includes a fenced yard and a detached two-car garage with workshop space and loft storage. Off-street parking is also available.
Key Highlights
- 1,156‑square‑foot duplex built in 1900
- Two apartments; upper unit has two bedrooms
- Detached two‑car garage with workshop space and loft storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,666
Cap Rate
5.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$193,320
$193.3K
Cap Rate 7%
$138,086
$138.1K
Cap Rate 9%
$107,400
$107.4K
Market Conditions
NOI Build-Up for 1,156 SF
Gross rent
$14.6K $12.60/SF
− Vacancy
−$757 −$0.66/SF
EGI
$13.8K $11.94/SF
− OpEx
−$4.1K −$3.58/SF
NOI
$9.7K $8.36/SF
Area
Marathon County, WI
Vacancy
5.20%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$193,320
Cap Rate 7%
$138,086
Cap Rate 9%
$107,400
Alternative Uses
Best Use
Multifamily LT 5
$138.1K
$120.8K – $161.1K
NOI $9,666 @ 7.0% cap · market cap 5.69%
Second Best
Apartment 5plus
$124.5K
$109.0K – $145.3K
NOI $8,716 @ 7.0% cap · market cap 5.13%
Theoretical Best
Specialty Retail
$213.6K
$186.9K – $249.2K
NOI $14,951 @ 7.0% cap · market cap 8.80%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
489
Businesses Nearby
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Business Placement
Demographics for 54401, WI
31,727
Population
14,230
Households
2.2
Avg Household Size
40
Median Age
31%
College-Educated
91%
High-School Grad
84.2 sq mi
ZIP Area
377
Density / Sq Mi
$69,542
Median Household Income
$40,796
Median Earnings
$969
Median Rent
$186,100
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 - Two apartments include a private porch, fenced yard, and garage with workshop and loft storage.
Where is this duplex located?
The property is located at 617 S 3rd Avenue Wausau, WI.
What is the asking price?
The asking price for this property is $169,900.
What are key features of this property?
This property features: 1,156‑square‑foot duplex built in 1900; Two apartments; upper unit has two bedrooms; Detached two‑car garage with workshop space and loft storage
