Building Details

Buildings 1

Tenancy Multi

Listing Agency: FAMILY TREE REALTY, LLC K***@familytreerealtyllc.com

Listed By: KELLY WEILER Show Phone

Source: Exprealty

Added: Jan 15 Changed: Oct 11 Last Checked: Oct 16 at 9:11AM

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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 FAMILY TREE REALTY, LLC

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Investment Insights

Based on property information with market context.

This 2,124-square-foot duplex at 800 Love Ln in Athens, WI, is built on a slab with no steps. Each residence includes two bedrooms, one full bathroom, an open kitchen, dining, and living arrangement, a laundry utility room, a back patio, and a one-car attached garage. One bedroom in each unit has a walk-in closet, while each garage includes an additional large storage closet. Appliances are included in the sale and are owned by the landlord.

Both units are fully rented to long-term occupants under month-to-month arrangements. The rental contracts specify no move-outs from November through March. Residents pay all utilities. Lawn care and snow removal have been provided by the owners, with the option for future ownership to change that arrangement.

Key Highlights

• 2,124‑square‑foot duplex built on a slab with no steps
• Each side offers 2 bedrooms, 1 full bath, laundry, patio, and a 1‑car attached garage
• Walk‑in closet in one bedroom per unit

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$17,760

Cap Rate

6.70%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$355,200 $355.2K

Cap Rate 7%

$253,714 $253.7K

Cap Rate 9%

$197,333 $197.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,124 SF

Gross rent

$26.8K $12.60/SF

− Vacancy

−$1.4K −$0.66/SF

EGI

$25.4K $11.94/SF

− OpEx

−$7.6K −$3.58/SF

NOI

$17.8K $8.36/SF

Area

Marathon County, WI

Vacancy

5.20%

Lease Rate

$12.60 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$355,200

Cap Rate 7%

$253,714

Cap Rate 9%

$197,333

Alternative Uses

Best Use

Multifamily LT 5

$253.7K

$222.0K – $296.0K (±1% cap)

NOI $17,760 @ 7.0% cap · market cap 6.70%

Second Best

Apartment 5plus

$228.8K

$200.2K – $266.9K (±1% cap)

NOI $16,015 @ 7.0% cap · market cap 6.04%

Theoretical Best

Specialty Retail

$392.4K

$343.4K – $457.8K (±1% cap)

NOI $27,470 @ 7.0% cap · market cap 10.37%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Dental Office HVAC Service Hair Salon Bakery Storage Facility (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

100%

Occupancy

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

162

Businesses Nearby

Explore this area Business Placement

Demographics for 54411, WI

5,025

Population

2,106

Households

2.4

Avg Household Size

41

Median Age

12%

College-Educated

91%

High-School Grad

189.5 sq mi

ZIP Area

27

Density / Sq Mi

$78,646

Median Household Income

$41,061

Median Earnings

$812

Median Rent

$210,800

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Frequently Asked Questions

What type of property is this?

Duplex - Slab-built duplex with two matching residences, private patios, included appliances, and attached garage parking.

Where is this duplex located?

The property is located at 800 Love Ln Athens, WI.

What is the asking price?

The asking price for this property is $265,000.

What are key features of this property?

This property features: 2,124‑square‑foot duplex built on a slab with no steps; Each side offers 2 bedrooms, 1 full bath, laundry, patio, and a 1‑car attached garage; Walk‑in closet in one bedroom per unit