Masonry Duplex with Two-Car
For Sale
$269,900
Pending
6218 35th Ave, Kenosha, WI 53142
All-masonry two-family property with an enclosed porch, fenced treed lot, and detached garage.
Property Size1,409 SF
Days on Market16
Property Features for 6218 35th Ave
General Information
Standard status
Pending
Size
1,409 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$2,545
Listing Agency:
Stanich Realty, LLC
(262) 818-2048
Listed By:
Michael Stanich · License #2145194
(262) 818-2048
Source:
Exprealty
Added: Jul 27
Changed: Aug 10
Last Checked: Aug 11 at 11:52AM
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 Stanich Realty, LLC
Investment Insights
Based on property information with market context.
This all-masonry duplex was originally designed as a single-family home and now offers a two-family layout with a 2/1 combination. The ground-floor residence includes three picture windows, a planter box, and an enclosed front porch, while the lower level provides laundry facilities and additional storage. The exterior has been freshly painted for reduced maintenance needs.
The property sits on an oversized, fenced, tree-lined lot in Kenosha and includes a detached two-car garage. Its central setting is located blocks from the KIN neighborhood. The configuration may suit an owner-occupant, multigenerational household, or residential income use, as those applications are directly supported by the two-family design.
The property sits on an oversized, fenced, tree-lined lot in Kenosha and includes a detached two-car garage. Its central setting is located blocks from the KIN neighborhood. The configuration may suit an owner-occupant, multigenerational household, or residential income use, as those applications are directly supported by the two-family design.
Key Highlights
- All‑masonry two‑family property with a 2/1 combination
- Oversized fenced lot with mature trees
- Detached two‑car garage
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
$13,907
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
5.15%
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%
$278,140
$278.1K
Cap Rate 7%
$198,671
$198.7K
Cap Rate 9%
$154,522
$154.5K
Market Conditions
NOI Build-Up for 1,409 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
$21.1K $15.00/SF
− Vacancy
−$1.3K −$0.90/SF
EGI
$19.9K $14.10/SF
− OpEx
−$6.0K −$4.23/SF
NOI
$13.9K $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 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%
$278,140
Cap Rate 7%
$198,671
Cap Rate 9%
$154,522
Alternative Uses
Best Use
Multifamily LT 5
$198.7K
$173.8K – $231.8K
NOI $13,907 @ 7.0% cap · market cap 5.15%
Second Best
Apartment 5plus
$184.0K
$161.0K – $214.6K
NOI $12,877 @ 7.0% cap · market cap 4.77%
Theoretical Best
Warehouse
$1.64M
$1.44M – $1.91M
NOI $114,828 @ 7.0% cap · market cap 42.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
714
Businesses Nearby
Explore this area
Business Placement
Demographics for 53142, WI
33,146
Population
13,787
Households
2.4
Avg Household Size
39
Median Age
36%
College-Educated
92%
High-School Grad
20.7 sq mi
ZIP Area
1,601
Density / Sq Mi
$86,891
Median Household Income
$49,161
Median Earnings
$1,319
Median Rent
$254,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - All-masonry two-family property with an enclosed porch, fenced treed lot, and detached garage.
Where is this duplex located?
The property is located at 6218 35th Ave Kenosha, WI.
What is the asking price?
The asking price for this property is $269,900.
What are key features of this property?
This property features: All‑masonry two‑family property with a 2/1 combination; Oversized fenced lot with mature trees; Detached two‑car garage
