743 8th Street Beloit, WI 53511
Income-generating duplex in Beloit with recent updates.
Property Features for 743 8th Street
General Information
- Standard status
- Active
- Size
- 1,672 SF
- Property subtype
- Multi Family / 2 Units
Building Details
- Year Built
- 1895
Listing office Gambino Realtors (815) 623-3333
Listing date Sep 20, 2025
Source Compass
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Investment Insights
Based on property information with market context.
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.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $23.1k | $13.80 |
| − Vacancy | −$1.0k | −$0.62 |
| EGI | $22.0k | $13.18 |
| − OpEx | −$6.6k | −$3.95 |
| NOI | $15.4k | $9.23 |
