Spacious Duplex with Attached
For Sale
$244,900
Pending
6606 28th Avenue, Kenosha, WI 53143
Each unit features 2 bedrooms, appliances, storage, and separate utilities in a duplex with a full basement and yard.
Property Size1,956 SF
Days on Market74
Property Features for 6606 28th Avenue
General Information
Standard status
Pending
Size
1,956 SF
Property subtype
Two-Family / Two Family
Taxes and HOA fees
Annual Taxes
$2,634
Amenities
Full
Vinyl
1.0
2.0
4.0
1956.0
5.0
Building Details
Year Built
1924
Listing Agency:
Stanich Realty, LLC
Listed By:
Michael Stanich · License #21451-94
(262) 818-2048
Source:
Compass
Added: Jun 25
Changed: Aug 8
Last Checked: Aug 3 at 12:36PM
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 spacious duplex offers two 2-bedroom units with smartly designed floor plans. Each unit includes appliances, a storage area, and separate utilities. The property also has a full basement with split storage. A maintained yard provides outdoor space with straightforward low-maintenance upkeep.
A private paved rear area leads to an attached 2+ car garage that is approximately 29 feet deep. The listing notes that both units are opening soon, allowing the buyer to select.
The duplex is described as over 1,900 square feet and includes residential income appeal with separate utilities and practical storage throughout.
A private paved rear area leads to an attached 2+ car garage that is approximately 29 feet deep. The listing notes that both units are opening soon, allowing the buyer to select.
The duplex is described as over 1,900 square feet and includes residential income appeal with separate utilities and practical storage throughout.
Key Highlights
- Duplex with 2 units: each unit offers 2 bedrooms and 1 full bath
- Estimated total living area: 1,956 SF, built in 1924
- Each unit includes appliances, a storage area, and separate utilities
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
$19,306
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
7.88%
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%
$386,120
$386.1K
Cap Rate 7%
$275,800
$275.8K
Cap Rate 9%
$214,511
$214.5K
Market Conditions
NOI Build-Up for 1,956 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
$29.3K $15.00/SF
− Vacancy
−$1.8K −$0.90/SF
EGI
$27.6K $14.10/SF
− OpEx
−$8.3K −$4.23/SF
NOI
$19.3K $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%
$386,120
Cap Rate 7%
$275,800
Cap Rate 9%
$214,511
Alternative Uses
Best Use
Multifamily LT 5
$275.8K
$241.3K – $321.8K
NOI $19,306 @ 7.0% cap · market cap 7.88%
Second Best
Apartment 5plus
$255.4K
$223.5K – $297.9K
NOI $17,876 @ 7.0% cap · market cap 7.30%
Theoretical Best
Warehouse
$2.28M
$1.99M – $2.66M
NOI $159,406 @ 7.0% cap · market cap 65.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
807
Businesses Nearby
Explore this area
Business Placement
Demographics for 53143, WI
22,702
Population
9,118
Households
2.5
Avg Household Size
36
Median Age
23%
College-Educated
87%
High-School Grad
4.1 sq mi
ZIP Area
5,537
Density / Sq Mi
$67,105
Median Household Income
$40,276
Median Earnings
$1,157
Median Rent
$186,600
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 - Each unit features 2 bedrooms, appliances, storage, and separate utilities in a duplex with a full basement and yard.
Where is this duplex located?
The property is located at 6606 28th Avenue Kenosha, WI.
What is the asking price?
The asking price for this property is $244,900.
What are key features of this property?
This property features: Duplex with 2 units: each unit offers 2 bedrooms and 1 full bath; Estimated total living area: 1,956 SF, built in 1924; Each unit includes appliances, a storage area, and separate utilities
