Two-Unit Duplex with Private
7182 State Road 36, Lake Geneva, WI 53147
For Sale
New
$465,000
Each residence has its own entrance, in-unit laundry, and central air conditioning.
Property Size2,320 SF
Price / SF$200.43
Days on Market6
Property Features for 7182 State Road 36
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
in-unit laundry
central air
private garages
Building Details
Buildings
Listing Agency:
Compass Wisconsin-Lake Geneva
(262) 248-4492
Listed By:
Cobian & Co Group*
(262) 949-9818
Source:
Exprealty
Added: Nov 4
Changed: Nov 8
Last Checked: Nov 8 at 2:17PM
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 Compass Wisconsin-Lake Geneva
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Investment Insights
Based on property information with market context.
This 2,320-square-foot duplex contains two residences, each with a private entrance, in-unit laundry, central air, and a private garage. The lower unit has a newer furnace and water heater, while the upper unit includes a remodeled bathroom. A water softener, iron filter, updated electrical components, well components, and a newer septic pump are among the property improvements. The roof and gutters were replaced in 2013.
The property is in Lyons, within the Lake Geneva school district. Tenants pay utilities and take care of lawn maintenance and snow removal.
The property is in Lyons, within the Lake Geneva school district. Tenants pay utilities and take care of lawn maintenance and snow removal.
Key Highlights
- 2,320‑square‑foot duplex with two separate residences
- Private entrance, in‑unit laundry, central air, and private garage for each unit
- Lower residence has a newer furnace and water heater; upper residence has a remodeled bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,993
Cap Rate
5.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$499,860
$499.9K
Cap Rate 7%
$357,043
$357.0K
Cap Rate 9%
$277,700
$277.7K
Market Conditions
NOI Build-Up for 2,320 SF
Gross rent
$37.6K $16.20/SF
− Vacancy
−$1.9K −$0.81/SF
EGI
$35.7K $15.39/SF
− OpEx
−$10.7K −$4.62/SF
NOI
$25.0K $10.77/SF
Area
Walworth County, WI
Vacancy
5.00%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$499,860
Cap Rate 7%
$357,043
Cap Rate 9%
$277,700
Alternative Uses
Best Use
Multifamily LT 5
$357.0K
$312.4K – $416.6K
NOI $24,993 @ 7.0% cap · market cap 5.37%
Second Best
Apartment 5plus
$332.2K
$290.6K – $387.5K
NOI $23,251 @ 7.0% cap · market cap 5.00%
Theoretical Best
Specialty Retail
$447.7K
$391.8K – $522.4K
NOI $31,341 @ 7.0% cap · market cap 6.74%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
23
Businesses Nearby
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Business Placement
Demographics for 53147, WI
17,859
Population
11,455
Households
1.6
Avg Household Size
47
Median Age
40%
College-Educated
93%
High-School Grad
69.8 sq mi
ZIP Area
256
Density / Sq Mi
$83,018
Median Household Income
$45,399
Median Earnings
$1,277
Median Rent
$337,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has its own entrance, in-unit laundry, and central air conditioning.
Where is this duplex located?
The property is located at 7182 State Road 36 Lake Geneva, WI.
What is the asking price?
The asking price for this property is $465,000.
What are key features of this property?
This property features: 2,320‑square‑foot duplex with two separate residences; Private entrance, in‑unit laundry, central air, and private garage for each unit; Lower residence has a newer furnace and water heater; upper residence has a remodeled bath
