Building Details

Year Built 1905

Listing Agency: HOLSTER MANAGEMENT

Listed By: JASON PEAK · License #68483-94 Show Phone

Source: Compass

Added: May 14 Changed: Oct 10 Last Checked: Oct 15 at 1:32AM

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Investment Insights

Based on property information with market context.

This residential duplex, built in 1905, offers two living units with separate breaker boxes and laundry hookups in both the basement and upper unit. The property includes a high-efficiency furnace, forced-air natural gas heating, copper/PVC plumbing, fiberglass tubs, and an electric water heater. Interior details include high ceilings, raised-panel doors, French doors, a built-in bookshelf, and maple flooring. Appliances listed for the property include a range, refrigerator, washer, and dryer.

Exterior features include a wraparound deck with new decking and fluted columns, along with a porch. The property is zoned Residential and is located at 635 South 4th Avenue in Wausau, Wisconsin.

Key Highlights

• Duplex with separate breaker boxes for the units
• Laundry hookups located in both the basement and upper unit
• High‑efficiency furnace with forced‑air natural gas heating

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$16,221

Cap Rate

7.91%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$324,420 $324.4K

Cap Rate 7%

$231,729 $231.7K

Cap Rate 9%

$180,233 $180.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,940 SF

Gross rent

$24.4K $12.60/SF

− Vacancy

−$1.3K −$0.66/SF

EGI

$23.2K $11.94/SF

− OpEx

−$7.0K −$3.58/SF

NOI

$16.2K $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%

$324,420

Cap Rate 7%

$231,729

Cap Rate 9%

$180,233

Alternative Uses

Best Use

Multifamily LT 5

$231.7K

$202.8K – $270.4K (±1% cap)

NOI $16,221 @ 7.0% cap · market cap 7.91%

Second Best

Apartment 5plus

$209.0K

$182.8K – $243.8K (±1% cap)

NOI $14,627 @ 7.0% cap · market cap 7.14%

Theoretical Best

Specialty Retail

$358.4K

$313.6K – $418.2K (±1% cap)

NOI $25,090 @ 7.0% cap · market cap 12.24%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Ronald J Moore ... Law Firm

Suggested Use

Top Pick Carpet & Flooring Store Plumbing Service Garden Center Electrical Service Veterinary Clinic (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

540

Businesses Nearby

Explore this area 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

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - Residential duplex with laundry connections serving both the basement and upper unit.

Where is this duplex located?

The property is located at 635 South 4th Avenue Wausau, WI.

What is the asking price?

The asking price for this property is $205,000.

What are key features of this property?

This property features: Duplex with separate breaker boxes for the units; Laundry hookups located in both the basement and upper unit; High‑efficiency furnace with forced‑air natural gas heating