Side-by-Side Duplex with
For Sale
$625,000
622 Lous Way, Slinger, WI 53086
Tenant-occupied duplex with separate entries, attached garages, and distinct three- and four-bedroom floor plans.
Property Size3,452 SF
Price / SF$181.05
Days on Market54
Property Features for 622 Lous Way
General Information
Standard status
Active
Size
3,452 SF
Total Parking Spaces
4
Property subtype
Multi-Family
Units
Unit Mix
1 x 4BR/2BA + den, 1 x 3BR/2BA
Multifamily Units
2
Parking per Unit
2
Additional Details
Gross Income
$54,540
Building Details
Year Built
1996
Buildings
1
Listing Agency:
Leitner Properties
Listed By:
Kelly Leitner
(262) 224-7330
Source:
Nikolicgroup
Added: Aug 22
Changed: Oct 3
Last Checked: Oct 7 at 12:55PM
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 Leitner Properties
Investment Insights
Based on property information with market context.
This side-by-side duplex contains two separate residences, each with its own entrance and attached 2-car garage. One unit includes 4 bedrooms, 2 full baths, a den, and approximately 1,960 sq. ft.; the other provides 3 bedrooms, 2 full baths, and approximately 1,625 sq. ft. The property was built in 1996 and has received recent mechanical and appliance updates.
Located at 622 Lous Way in Slinger, Wisconsin, the duplex is currently tenant occupied. Residents are responsible for their own utilities. The two-unit layout, separate access, garage parking, and differing bedroom configurations provide a practical residential income property setup.
Located at 622 Lous Way in Slinger, Wisconsin, the duplex is currently tenant occupied. Residents are responsible for their own utilities. The two-unit layout, separate access, garage parking, and differing bedroom configurations provide a practical residential income property setup.
Key Highlights
- Side‑by‑side duplex at 622 Lous Way, Slinger, WI 53086
- Each unit includes an attached 2‑car garage and private entrance
- 4‑bedroom unit has 2 full baths, a den, and approximately 1,960 sq. ft.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,601
Cap Rate
5.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$732,020
$732.0K
Cap Rate 7%
$522,871
$522.9K
Cap Rate 9%
$406,678
$406.7K
Market Conditions
NOI Build-Up for 3,452 SF
Gross rent
$55.9K $16.20/SF
− Vacancy
−$3.6K −$1.05/SF
EGI
$52.3K $15.15/SF
− OpEx
−$15.7K −$4.54/SF
NOI
$36.6K $10.60/SF
Area
Washington County, WI
Vacancy
6.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$732,020
Cap Rate 7%
$522,871
Cap Rate 9%
$406,678
Alternative Uses
Best Use
Multifamily LT 5
$522.9K
$457.5K – $610.0K
NOI $36,601 @ 7.0% cap · market cap 5.86%
Second Best
Apartment 5plus
$469.1K
$410.5K – $547.3K
NOI $32,837 @ 7.0% cap · market cap 5.25%
Theoretical Best
Office A
$949.0K
$830.4K – $1.11M
NOI $66,430 @ 7.0% cap · market cap 10.63%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
335
Businesses Nearby
Explore this area
Business Placement
Demographics for 53086, WI
9,209
Population
4,003
Households
2.3
Avg Household Size
41
Median Age
35%
College-Educated
98%
High-School Grad
21.5 sq mi
ZIP Area
428
Density / Sq Mi
$105,539
Median Household Income
$55,291
Median Earnings
$1,073
Median Rent
$363,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Tenant-occupied duplex with separate entries, attached garages, and distinct three- and four-bedroom floor plans.
Where is this duplex located?
The property is located at 622 Lous Way Slinger, WI.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Side‑by‑side duplex at 622 Lous Way, Slinger, WI 53086; Each unit includes an attached 2‑car garage and private entrance; 4‑bedroom unit has 2 full baths, a den, and approximately 1,960 sq. ft.
