Beloit Multifamily Investment
743 8th Street Beloit, WI 53511
743 8th Street, Beloit, WI, 53511
$214,900
For Sale
$214,900
MULTI_FAMILY - BELOIT, WI
Property Size1,672 SF
Price / SF$128.53
Days on Market177
Property Features for 743 8th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 3, Basement, Bathroom 1, Bedroom 4, Bedroom 1, Bedroom 2, Bathroom 2
- Parking
- 2
- Appliances
- Refrigerator, Stove/Cooktop
- Standard status
- Active
- APN
- 20613570435
- Size
- 1,672 SF
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- L 6 RAUS RESURVEY OF B 5 WALKERS ADD
- Tax Annual Amount
- 1278
Utilities
- Heating system
- Forced Air
Building Details
- Year built
- 1895
- Floors in Building
- 2
- Number of units
- 2
- Roof type
- Shingle
Listing Agency
Gambino Realtors
(815) 623-3333
5330 WILLIAMS DR, Rockford, WI
Listed by
Donya Bundy · License #475150995
(608) 295-5181
Added: Jan 21 Checked: Jul 17 at 10:06 pm
MLS# 202600343
Listing URL
Copyright © 2026 NorthWest Illinois Alliance of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This multifamily property, located in Beloit, Wisconsin, offers an investment opportunity with a current monthly rental income of $2725. The property has a total size of 1672 square feet. Recent updates include fresh paint and new flooring in both the upstairs and downstairs units. The lower unit is currently under a year-long lease, while the upper unit operates on a month-to-month basis.
Key Highlights
- Currently rents for $2,725/month; lower unit has a year lease and upper unit is month to month
- Freshly painted and new flooring upstairs and downstairs
- Built in 1895
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
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Multifamily property in Beloit, Wisconsin with income potential.
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: Currently rents for $2,725/month; lower unit has a year lease and upper unit is month to month; Freshly painted and new flooring upstairs and downstairs; Built in 1895
