Townhouse-Style
733-731 Monticello Drive, Racine, WI 53402
For Sale
$299,999
Each residence has three upstairs bedrooms, a main-floor half bath, and private lower-level laundry hookups.
Property Size2,304 SF
Price / SF$130.21
Days on Market36
Property Features for 733-731 Monticello Drive
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
washer/dryer hookup
Building Details
Construction
Listing Agency:
Mangat Realty Group Inc
Listed By:
Jatinder Mangat
(262) 880-7003
Source:
Exprealty
Added: Oct 3
Changed: Nov 6
Last Checked: Nov 6 at 2:47PM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,304-square-foot duplex has two side-by-side townhouse-style residences. Each unit includes a living room, dining area, and kitchen arranged in an open layout, plus a half bath on the main floor. Upstairs, each residence has three bedrooms and an updated bathroom. Private lower levels provide washer and dryer hookups and a sink for each unit.
Parking is located behind the building.
Parking is located behind the building.
Key Highlights
- Two side‑by‑side townhouse‑style units
- 2,304 square feet
- Three bedrooms and an updated upstairs bathroom 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.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
164
Businesses Nearby
Explore this area
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
$224,200
Median Home Value
Market
Average Price Trend$/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 three upstairs bedrooms, a main-floor half bath, and private lower-level laundry hookups.
Where is this duplex located?
The property is located at 733-731 Monticello Drive 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: Two side‑by‑side townhouse‑style units; 2,304 square feet; Three bedrooms and an updated upstairs bathroom in each unit
