Side-by-Side Ranch
For Sale
$350,000
Pending
8042 14th Ave, Kenosha, WI 53143
Two residential units include separate entrances, individual central air, full appliance packages, and convenient outdoor storage.
Property Size1,964 SF
Days on Market21
Property Features for 8042 14th Ave
General Information
Standard status
Pending
Size
1,964 SF
Total Parking Spaces
3
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,533
Amenities
Central Air
sheds
in-unit laundry
Building Details
Buildings
1
Construction
ranch
Listing Agency:
Providence Realty
(262) 658-9000
Listed By:
Lawrence Cappozzo
(262) 658-9000
Source:
Exprealty
Added: Aug 1
Changed: Aug 21
Last Checked: Aug 21 at 10:11AM
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 Providence Realty
Investment Insights
Based on property information with market context.
Located at 8042 14th Ave in Kenosha, Wisconsin, this side-by-side ranch duplex contains 1,964 square feet and offers two residential units with two bedrooms each. The property is being sold as-is and features separate entrances for each unit, along with individual central air systems.
Each side is equipped with a complete appliance package, including a washer and dryer. Recent property improvements include a newly installed roof. The site also provides an attached two-car garage serving one unit, a parking pad for the other, and two backyard sheds for additional storage. Mechanical areas are arranged for accessible maintenance.
Each side is equipped with a complete appliance package, including a washer and dryer. Recent property improvements include a newly installed roof. The site also provides an attached two-car garage serving one unit, a parking pad for the other, and two backyard sheds for additional storage. Mechanical areas are arranged for accessible maintenance.
Key Highlights
- Side‑by‑side ranch duplex with two 2‑bedroom units
- 1,964 square feet in total
- Two complete appliance packages, including washers and dryers
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
$19,385
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
5.54%
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%
$387,700
$387.7K
Cap Rate 7%
$276,929
$276.9K
Cap Rate 9%
$215,389
$215.4K
Market Conditions
NOI Build-Up for 1,964 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
$29.5K $15.00/SF
− Vacancy
−$1.8K −$0.90/SF
EGI
$27.7K $14.10/SF
− OpEx
−$8.3K −$4.23/SF
NOI
$19.4K $9.87/SF
Area
Kenosha County, WI
Vacancy
6.00%
Lease Rate
$15.00 /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%
$387,700
Cap Rate 7%
$276,929
Cap Rate 9%
$215,389
Alternative Uses
Best Use
Multifamily LT 5
$276.9K
$242.3K – $323.1K
NOI $19,385 @ 7.0% cap · market cap 5.54%
Second Best
Apartment 5plus
$256.4K
$224.4K – $299.2K
NOI $17,950 @ 7.0% cap · market cap 5.13%
Theoretical Best
Warehouse
$2.29M
$2.00M – $2.67M
NOI $160,058 @ 7.0% cap · market cap 45.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
485
Businesses Nearby
Explore this area
Business Placement
Demographics for 53143, WI
22,702
Population
9,118
Households
2.5
Avg Household Size
36
Median Age
23%
College-Educated
87%
High-School Grad
4.1 sq mi
ZIP Area
5,537
Density / Sq Mi
$67,105
Median Household Income
$40,276
Median Earnings
$1,157
Median Rent
$186,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units include separate entrances, individual central air, full appliance packages, and convenient outdoor storage.
Where is this duplex located?
The property is located at 8042 14th Ave Kenosha, WI.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Side‑by‑side ranch duplex with two 2‑bedroom units; 1,964 square feet in total; Two complete appliance packages, including washers and dryers
