Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Beloit Duplex For Sale Title is generated by Realmo AI

    743 8th Street, Beloit, WI 53511

    View on Map
    Claim this Listing
    For Sale
    $214,900

    Income-generating duplex in Beloit with recent updates.

    Type:Multi Family / 2 Units
    Property size:
    1,672 SF
    Price / SF:
    $128/SF
    Added:
    Jan 21, 2026
    Days on Market:
    130
    Last Refresh:
    Mar 13 at 1:52 pm

    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

    We can help!

    Listing Contact
    Donya Bundy
    Donya Bundy

    Listing agent Donya Bundy License #475150995

    Listing office Gambino Realtors

    Listing date Jan 21, 2026

    Source Compass

    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

    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.
    • Includes refrigerator and stove/cooktop.
    • Full basement provides additional space.
    • Washer/dryer hookups available.

    Overview

    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.

    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
    1,672 SF · lease $13.80/SF/yr · vacancy 4.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $220.4K
    $192.8K – $257.1K (±1% cap)
    NOI $15,425 @ 7.0% cap · market cap 7.18%
    Second Best
    Apartment 5plus
    $193.7K
    $169.5K – $226.0K (±1% cap)
    NOI $13,560 @ 7.0% cap · market cap 6.31%
    Theoretical Best
    Office A
    $401.8K
    $351.6K – $468.8K (±1% cap)
    NOI $28,126 @ 7.0% cap · market cap 13.09%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Beloit
    County
    Rock
    State
    Wisconsin
    Longitude
    -89.0464391
    Latitude
    42.5047668

    Nearby Similar for Sale

    • $174,900

      Updated Commercial Building in Beloit

      Low-maintenance commercial building with flexible layout and great visibility.
      1680 Huebbe Parkway, Beloit, WI 53511
      View Details
    • $1,290,000
      2,164 SF

      Farmhouse with Guest House and Barn

      Farm property featuring a farmhouse, guest house, and barn.
      1610 Town Hall Road, Beloit, WI 53511-9792
      View Details
    • $698,000
      4,388 SF

      Freestanding Commercial Building with Drive-Thru

      4,388 SF building on 1.5 acres with drive-thru.
      1795 S Madison Rd Beloit, WI 53511, Beloit, WI 53511
      View Details
    • $999,999

      Beloit Township 6-Unit Property

      Six-unit property on 10 acres with income potential.
      2290 S Afton Road, Beloit, WI 53511
      View Details
    • $239,900
      3,772 SF

      Versatile Beloit Building For Sale

      Well-maintained 3,772 sq ft building with multiple rooms and offices.
      417 Harrison Avenue, Beloit, WI 53511
      View Details
    • $1,290,000

      Beloit Farm with Development Potential

      25+ acre farm with farmhouse, guest house, and outbuildings.
      1610 Town Hall Road, Beloit, WI 53511-9792
      View Details
    • $559,900

      New Duplex in Beloit, WI

      Modern duplex with two 3-bed/2-bath units and attached garages.
      1802-1804 W Kyle Circle, Beloit, WI 53511
      View Details
    • $559,900

      New Duplex in Beloit, WI

      Modern duplex with strong rental income potential near major highways.
      1822-1824 W Kyle Circle, Beloit, WI 53511
      View Details
    • $559,900

      New Duplex in Beloit, WI

      Modern duplex with 3-bed, 2-bath units and attached garages.
      1832-1834 W Kyle Circle, Beloit, WI 53511
      View Details
    • $559,900

      New Duplex in Beloit, WI

      Modern duplex with 3-bed, 2-bath units and attached garages.
      1812-1814 W Kyle Circle, Beloit, WI 53511
      View Details
    • $1,290,000

      Beloit Farmland with Development Potential

      25+ acres with farmhouse, guest house, barn, and outbuildings.
      1610 Town Hall Road, BELOIT, WI 53511
      View Details
    • $499,000

      Six Properties on One Parcel

      Six updated residential income properties on a single parcel.
      826-850 Sharpes Court, Beloit, WI 53511
      View Details

    FAQs

    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.**
    (815) 623-3333
    We can help!
    Listing Contact
    Donya Bundy
    Donya Bundy
    Real Estate License ID: 475150995
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    743 8th Street, Beloit, WI 53511
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!