Two-Unit Townhouse-Style
731 Monticello Drive #733, Racine, WI 53402
For Sale
New
$299,999
Each residence has private laundry hookups and a sink in the lower level, with rear parking serving the property.
Property Size2,304 SF
Price / SF$130.21
Days on Market4
Property Features for 731 Monticello Drive #733
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Multifamily Units
Building Details
Building Size
Year Built
Listing Agency:
Mangat Realty Group Inc
Listed By:
Jatinder Mangat
(262) 880-7003
Source:
Coactionrealestate
Added: Nov 6
Changed: Nov 8
Last Checked: Nov 8 at 3:00PM
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 Mangat Realty Group Inc
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Investment Insights
Based on property information with market context.
This 2,304-square-foot duplex, built in 1971, contains two townhouse-style residences arranged side by side. Each unit includes a living room, dining area, kitchen, and half bathroom on the main floor, plus three bedrooms upstairs. The lower level has private washer and dryer hookups and a sink for each residence. Parking is located at the rear of the property.
Key Highlights
- 2,304 square feet across two townhouse‑style residences
- Each unit has three upstairs bedrooms and a main‑floor half bathroom
- Private lower‑level washer and dryer hookups and a sink in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,135
Cap Rate
8.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$502,700
$502.7K
Cap Rate 7%
$359,071
$359.1K
Cap Rate 9%
$279,278
$279.3K
Market Conditions
NOI Build-Up for 2,304 SF
Gross rent
$37.3K $16.20/SF
− Vacancy
−$1.4K −$0.62/SF
EGI
$35.9K $15.58/SF
− OpEx
−$10.8K −$4.68/SF
NOI
$25.1K $10.91/SF
Area
Racine County, WI
Vacancy
3.80%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$502,700
Cap Rate 7%
$359,071
Cap Rate 9%
$279,278
Alternative Uses
Best Use
Multifamily LT 5
$359.1K
$314.2K – $418.9K
NOI $25,135 @ 7.0% cap · market cap 8.38%
Second Best
Apartment 5plus
$312.8K
$273.7K – $365.0K
NOI $21,897 @ 7.0% cap · market cap 7.30%
Theoretical Best
Office A
$554.1K
$484.8K – $646.4K
NOI $38,785 @ 7.0% cap · market cap 12.93%
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
164
Businesses Nearby
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Business Placement
Demographics for 53402, WI
33,621
Population
15,660
Households
2.1
Avg Household Size
41
Median Age
33%
College-Educated
92%
High-School Grad
20.0 sq mi
ZIP Area
1,681
Density / Sq Mi
$74,125
Median Household Income
$47,838
Median Earnings
$1,049
Median Rent
$224,200
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Racine County, WI
Properties on Market for Duplexes in Racine County
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has private laundry hookups and a sink in the lower level, with rear parking serving the property.
Where is this duplex located?
The property is located at 731 Monticello Drive #733 Racine, WI.
What is the asking price?
The asking price for this property is $299,999.
What are key features of this property?
This property features: 2,304 square feet across two townhouse‑style residences; Each unit has three upstairs bedrooms and a main‑floor half bathroom; Private lower‑level washer and dryer hookups and a sink in each unit
