Two-Unit Duplex with
New
For Sale
$189,900
818 E GRONINGER Street, Suring, WI 54174
Residential Income, SURING, WI
Property Size2,037 SF
Lot Size0.29 Acres
Price / SF$93.23
Days on Market4
Property Features for 818 E GRONINGER Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking
2
Elementary school district
Suring
Middle school district
Suring
High school district
Suring
Directions
Head north on Hwy 32 from Gillett, left on S Barkman St, to property on right.
Standard status
Active
APN
1810313013985
Size
2,037 SF
Lot size
0.29 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2529
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Water source
Public
Amenities
washer and dryer
outdoor storage units
porches
Building Details
Year built
1900
Number of units
2
Building materials
Vinyl Siding
Listing Agency:
Gina Cramer Realty LLC
(920) 842-4778
Listed By:
Birdee M. Cramer
(920) 598-0475
Added: Oct 12
Changed: Oct 15
Last Checked: Oct 15 at 12:06PM
MLS# 50334155
Copyright © 2026 Realtor Association of Northeast Wisconsin. 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 duplex contains two residences, each arranged with three bedrooms and two full bathrooms. Both kitchens have been remodeled, and flooring has been updated through much of the property. The building was constructed in 1900 and has vinyl siding and forced-air heat. Washers and dryers are included. Public water and sewer serve the property.
The site covers 0.29 acres and includes a detached two-car garage, two additional parking spaces, two outdoor storage units, and two porches. The property is zoned business district, as designated by the Village of Suring.
The site covers 0.29 acres and includes a detached two-car garage, two additional parking spaces, two outdoor storage units, and two porches. The property is zoned business district, as designated by the Village of Suring.
Key Highlights
- Two units, each with 3 bedrooms and 2 full bathrooms
- 2,037 square feet on 0.29 acres
- Detached 2‑car garage plus 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.
How Realmo checks its estimates
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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
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Frequently Asked Questions
What type of property is this?
Duplex - Both residences offer three bedrooms, two full bathrooms, updated kitchens, and in-unit laundry appliances.
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 units, each with 3 bedrooms and 2 full bathrooms; 2,037 square feet on 0.29 acres; Detached 2‑car garage plus 2 additional parking spaces
