654 N Wisconsin Street #656, Port Washington, WI 53074
For Sale
New
$274,900
The residence contains two units, each configured with two bedrooms and two bathrooms.
Property Size1,700 SF
Price / SF$161.71
Days on Market4
Property Features for 654 N Wisconsin Street #656
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Multifamily Units
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Remax Lakeside-East
(414) 961-8888
Listed By:
Mark Kivley · License #5100990
(414) 967-0506
Source:
Coactionrealestate
Added: Nov 6
Changed: Nov 8
Last Checked: Nov 8 at 2:58PM
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 Remax Lakeside-East
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex provides two residential units, each with a two-bedroom, two-bathroom layout. The property measures 1,700 square feet and was built in 1900. RES zoning is noted for the site.
The building has 60-amp electrical service and is offered in its current condition.
The building has 60-amp electrical service and is offered in its current condition.
Key Highlights
- Two units, each with 2 bedrooms and 2 bathrooms
- 1,700 square feet
- Built in 1900
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,351
Cap Rate
6.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$367,020
$367.0K
Cap Rate 7%
$262,157
$262.2K
Cap Rate 9%
$203,900
$203.9K
Market Conditions
NOI Build-Up for 1,700 SF
Gross rent
$27.7K $16.32/SF
− Vacancy
−$1.5K −$0.90/SF
EGI
$26.2K $15.42/SF
− OpEx
−$7.9K −$4.63/SF
NOI
$18.4K $10.79/SF
Area
Ozaukee County, WI
Vacancy
5.51%
Lease Rate
$16.32 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$367,020
Cap Rate 7%
$262,157
Cap Rate 9%
$203,900
Alternative Uses
Best Use
Multifamily LT 5
$262.2K
$229.4K – $305.9K
NOI $18,351 @ 7.0% cap · market cap 6.68%
Second Best
Apartment 5plus
$241.6K
$211.4K – $281.9K
NOI $16,911 @ 7.0% cap · market cap 6.15%
Theoretical Best
Office A
$400.5K
$350.5K – $467.3K
NOI $28,038 @ 7.0% cap · market cap 10.20%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
620
Businesses Nearby
Explore this area
Business Placement
Demographics for 53074, WI
13,379
Population
5,859
Households
2.3
Avg Household Size
42
Median Age
36%
College-Educated
96%
High-School Grad
30.3 sq mi
ZIP Area
442
Density / Sq Mi
$78,944
Median Household Income
$48,089
Median Earnings
$1,024
Median Rent
$276,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - The residence contains two units, each configured with two bedrooms and two bathrooms.
Where is this duplex located?
The property is located at 654 N Wisconsin Street #656 Port Washington, WI.
What is the asking price?
The asking price for this property is $274,900.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 2 bathrooms; 1,700 square feet; Built in 1900
