Two-Unit Duplex with
For Sale
$225,000
636 N 25TH Street, Sheboygan, WI 53081
Two residential units feature fireplaces, flexible occupancy options, and substantial on-site storage.
Property Size2,244 SF
Price / SF$100.27
Days on Market183
Property Features for 636 N 25TH Street
General Information
Standard status
Active
Size
2,244 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$2,597
Building Details
Building Size
2,244 SF
Year Built
1907
Listing Agency:
Creative Results Corporation
(920) 737-4618
Listed By:
Tou L. Yang · License #9484872
Source:
C21ace
Added: Mar 2
Changed: Aug 30
Last Checked: Aug 31 at 9:35PM
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 Creative Results Corporation
Investment Insights
Based on property information with market context.
Built in 1907, this duplex at 636 N 25TH Street in Sheboygan includes a three-bedroom lower unit and a two-bedroom upper unit. The lower residence has a wood-burning fireplace and central air, while the upper residence includes a gas fireplace, window AC, and space heaters. Both units offer distinct layouts suited to the property’s duplex configuration.
Garage capacity includes a two-car attached garage and a separate two-car detached garage, adding useful parking and storage. The property is near major highways, restaurants, shopping, and everyday amenities. It is offered as-is, with tenants’ and seller’s personal property scheduled for removal by closing.
Garage capacity includes a two-car attached garage and a separate two-car detached garage, adding useful parking and storage. The property is near major highways, restaurants, shopping, and everyday amenities. It is offered as-is, with tenants’ and seller’s personal property scheduled for removal by closing.
Key Highlights
- Two‑unit duplex with 3‑bedroom lower unit and 2‑bedroom upper unit
- Two‑car attached garage plus additional 2‑car detached garage
- Lower unit has central air and a wood‑burning fireplace
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
$18,901
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
8.40%
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%
$378,020
$378.0K
Cap Rate 7%
$270,014
$270.0K
Cap Rate 9%
$210,011
$210.0K
Market Conditions
NOI Build-Up for 2,244 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
$28.3K $12.60/SF
− Vacancy
−$1.3K −$0.57/SF
EGI
$27.0K $12.03/SF
− OpEx
−$8.1K −$3.61/SF
NOI
$18.9K $8.42/SF
Area
Sheboygan County, WI
Vacancy
4.50%
Lease Rate
$12.60 /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%
$378,020
Cap Rate 7%
$270,014
Cap Rate 9%
$210,011
Alternative Uses
Best Use
Multifamily LT 5
$270.0K
$236.3K – $315.0K
NOI $18,901 @ 7.0% cap · market cap 8.40%
Second Best
Apartment 5plus
$251.1K
$219.7K – $293.0K
NOI $17,579 @ 7.0% cap · market cap 7.81%
Theoretical Best
Office A
$489.1K
$427.9K – $570.6K
NOI $34,234 @ 7.0% cap · market cap 15.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
840
Businesses Nearby
Explore this area
Business Placement
Demographics for 53081, WI
43,465
Population
20,121
Households
2.2
Avg Household Size
38
Median Age
22%
College-Educated
90%
High-School Grad
23.3 sq mi
ZIP Area
1,865
Density / Sq Mi
$62,401
Median Household Income
$42,329
Median Earnings
$866
Median Rent
$169,700
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 - Two residential units feature fireplaces, flexible occupancy options, and substantial on-site storage.
Where is this duplex located?
The property is located at 636 N 25TH Street Sheboygan, WI.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Two‑unit duplex with 3‑bedroom lower unit and 2‑bedroom upper unit; Two‑car attached garage plus additional 2‑car detached garage; Lower unit has central air and a wood‑burning fireplace
