Duplex with Detached
New
For Sale
$189,900
818 E GRONINGER Street, Suring, WI 54174
Both residences have three bedrooms, two full bathrooms, remodeled kitchens, and updated flooring in much of each unit.
Property Size2,037 SF
Lot Size0.29 Acres
Price / SF$93.23
Days on Market5
Property Features for 818 E GRONINGER Street
General Information
Standard status
Active
Size
2,037 SF
Total Parking Spaces
4
Lot size
0.29 Acres
Property subtype
Duplex
Zoning
business district
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,528
Amenities
washer and dryer
outdoor storage units
porches
Building Details
Building Size
2,037 SF
Year Built
1900
Buildings
1
Listing Agency:
Gina Cramer Realty LLC
Listed By:
Birdee M. Cramer · License #91-700628
(920) 598-0475
Source:
C21ace
Added: Oct 12
Changed: Oct 16
Last Checked: Oct 16 at 2:21PM
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 Gina Cramer Realty LLC
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Investment Insights
Based on property information with market context.
This 2,037-square-foot duplex, built in 1900, contains two residences with matching layouts: three bedrooms, two full bathrooms, a remodeled kitchen, and updated flooring through much of each unit. A washer and dryer are included. The property also has two porches, two outdoor storage units, and a detached two-car garage, plus two additional parking spaces.
The 0.29-acre property is in Suring, Oconto County, and is zoned business district, per the Village of Suring. Both residences may be occupied or rented separately.
The 0.29-acre property is in Suring, Oconto County, and is zoned business district, per the Village of Suring. Both residences may be occupied or rented separately.
Key Highlights
- Two residences, each with 3 bedrooms and 2 full bathrooms
- 2,037‑square‑foot duplex on 0.29 acres
- Detached 2‑car garage and 2 additional parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,569
Cap Rate
8.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$331,380
$331.4K
Cap Rate 7%
$236,700
$236.7K
Cap Rate 9%
$184,100
$184.1K
Market Conditions
NOI Build-Up for 2,037 SF
Gross rent
$31.8K $15.60/SF
− Vacancy
−$1.7K −$0.81/SF
EGI
$30.1K $14.79/SF
− OpEx
−$13.6K −$6.65/SF
NOI
$16.6K $8.13/SF
Area
Oconto County, WI
Vacancy
5.20%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$331,380
Cap Rate 7%
$236,700
Cap Rate 9%
$184,100
Alternative Uses
Best Use
Multifamily LT 5
$254.1K
$222.3K – $296.5K
NOI $17,787 @ 7.0% cap · market cap 9.37%
Second Best
Apartment 5plus
$236.7K
$207.1K – $276.2K
NOI $16,569 @ 7.0% cap · market cap 8.73%
Theoretical Best
Office A
$474.9K
$415.6K – $554.1K
NOI $33,244 @ 7.0% cap · market cap 17.51%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
91
Businesses Nearby
Explore this area
Business Placement
Demographics for 54174, WI
3,021
Population
2,482
Households
1.2
Avg Household Size
52
Median Age
15%
College-Educated
92%
High-School Grad
202.9 sq mi
ZIP Area
15
Density / Sq Mi
$71,774
Median Household Income
$41,672
Median Earnings
$828
Median Rent
$178,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have three bedrooms, two full bathrooms, remodeled kitchens, and updated flooring in much of each unit.
Where is this duplex located?
The property is located at 818 E GRONINGER Street Suring, WI.
What is the asking price?
The asking price for this property is $189,900.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms and 2 full bathrooms; 2,037‑square‑foot duplex on 0.29 acres; Detached 2‑car garage and 2 additional parking spaces
