Beloit Duplex For
For Sale
$214,900
743 8th Street, Beloit, WI 53511
Income-generating duplex in Beloit with recent updates.
Property Size1,672 SF
Price / SF$128.53
Days on Market360
Property Features for 743 8th Street
General Information
Standard status
Active
Size
1,672 SF
Property subtype
Multi Family / 2 Units
Taxes and HOA fees
Annual Taxes
$1,278
Amenities
Forced Air
Full
Yes
Natural Gas
Refrigerator, Stove/Cooktop
No
Shingle
Vinyl
Building Details
Year Built
1895
Units
2
Listing Agency:
Gambino Realtors
(815) 623-3333
Listed By:
Donya Bundy · License #475150995
(815) 623-3333
Source:
Compass
Added: Sep 4, 2025
Changed: Aug 8
Last Checked: Jul 21 at 8:04AM
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 Gambino Realtors
Investment Insights
Based on property information with market context.
This property is a duplex, offering potential as a residential income property. The building has a total size of 1672 square feet. Recent updates include fresh paint and new flooring in both the upper and lower units. The property is currently generating $2725 in monthly rental income. The lower unit is occupied under a year-long lease, while the upper unit is rented on a month-to-month basis. This property is intended for investors.
Key Highlights
- Generates $2725 in monthly rental income.
- Two units offer investment flexibility (one with a lease, one month‑to‑month).
- Freshly painted with new flooring throughout both units.**
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
$15,425
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
7.18%
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%
$308,500
$308.5K
Cap Rate 7%
$220,357
$220.4K
Cap Rate 9%
$171,389
$171.4K
Market Conditions
NOI Build-Up for 1,672 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
$23.1K $13.80/SF
− Vacancy
−$1.0K −$0.62/SF
EGI
$22.0K $13.18/SF
− OpEx
−$6.6K −$3.95/SF
NOI
$15.4K $9.23/SF
Area
Rock County, WI
Vacancy
4.50%
Lease Rate
$13.80 /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%
$308,500
Cap Rate 7%
$220,357
Cap Rate 9%
$171,389
Alternative Uses
Best Use
Multifamily LT 5
$220.4K
$192.8K – $257.1K
NOI $15,425 @ 7.0% cap · market cap 7.18%
Second Best
Apartment 5plus
$193.7K
$169.5K – $226.0K
NOI $13,560 @ 7.0% cap · market cap 6.31%
Theoretical Best
Office A
$401.8K
$351.6K – $468.8K
NOI $28,126 @ 7.0% cap · market cap 13.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
537
Businesses Nearby
Explore this area
Business Placement
Demographics for 53511, WI
48,659
Population
19,372
Households
2.5
Avg Household Size
38
Median Age
19%
College-Educated
89%
High-School Grad
114.9 sq mi
ZIP Area
423
Density / Sq Mi
$65,305
Median Household Income
$39,344
Median Earnings
$995
Median Rent
$160,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Income-generating duplex in Beloit with recent updates.
Where is this duplex located?
The property is located at 743 8th Street Beloit, WI.
What is the asking price?
The asking price for this property is $214,900.
What are key features of this property?
This property features: Generates $2725 in monthly rental income.; Two units offer investment flexibility (one with a lease, one month‑to‑month).; Freshly painted with new flooring throughout both units.**
