Renovated Duplex with
For Sale
$325,000
821 Eastern Ave, Plymouth, WI 53073
Two updated residential units include private laundry, dishwashers, and access to a large yard.
Property Size2,200 SF
Price / SF$147.73
Days on Market56
Property Features for 821 Eastern Ave
General Information
Standard status
Active
Size
2,200 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 2BR, 1 x 3BR
Multifamily Units
2
Amenities
in-unit laundry
dishwashers
large yard
Building Details
Year Built
1880
Buildings
1
Listing Agency:
Pleasant View Realty, LLC
Listed By:
Rich Ryan · License #41841
(262) 573-1078
Source:
Nikolicgroup
Added: Aug 20
Changed: Oct 13
Last Checked: Oct 7 at 4:42PM
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 Pleasant View Realty, LLC
Investment Insights
Based on property information with market context.
This renovated duplex contains 2,200 square feet arranged as two separate units: one with 2 bedrooms and another with 3 bedrooms. Both residences have been updated and include in-unit laundry and dishwashers. The property offers a practical configuration for continued use as an income-producing residential asset or for an owner-occupant seeking separate living space within the building.
Exterior features include a large yard and a detached 2.5-car garage, adding parking and storage capacity. The property is located near downtown Plymouth, Wisconsin, with both units contributing to a flexible duplex layout.
Exterior features include a large yard and a detached 2.5-car garage, adding parking and storage capacity. The property is located near downtown Plymouth, Wisconsin, with both units contributing to a flexible duplex layout.
Key Highlights
- Renovated duplex with 2,200 square feet
- Two units: 1 two‑bedroom and 1 three‑bedroom
- In‑unit laundry and dishwashers in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,531
Cap Rate
5.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$370,620
$370.6K
Cap Rate 7%
$264,729
$264.7K
Cap Rate 9%
$205,900
$205.9K
Market Conditions
NOI Build-Up for 2,200 SF
Gross rent
$27.7K $12.60/SF
− Vacancy
−$1.2K −$0.57/SF
EGI
$26.5K $12.03/SF
− OpEx
−$7.9K −$3.61/SF
NOI
$18.5K $8.42/SF
Area
Sheboygan County, WI
Vacancy
4.50%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$370,620
Cap Rate 7%
$264,729
Cap Rate 9%
$205,900
Alternative Uses
Best Use
Multifamily LT 5
$264.7K
$231.6K – $308.9K
NOI $18,531 @ 7.0% cap · market cap 5.70%
Second Best
Apartment 5plus
$246.2K
$215.4K – $287.3K
NOI $17,235 @ 7.0% cap · market cap 5.30%
Theoretical Best
Office A
$479.5K
$419.5K – $559.4K
NOI $33,563 @ 7.0% cap · market cap 10.33%
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
487
Businesses Nearby
Explore this area
Business Placement
Demographics for 53073, WI
16,286
Population
6,591
Households
2.5
Avg Household Size
43
Median Age
25%
College-Educated
94%
High-School Grad
84.6 sq mi
ZIP Area
193
Density / Sq Mi
$76,100
Median Household Income
$43,023
Median Earnings
$867
Median Rent
$237,600
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 - Two updated residential units include private laundry, dishwashers, and access to a large yard.
Where is this duplex located?
The property is located at 821 Eastern Ave Plymouth, WI.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Renovated duplex with 2,200 square feet; Two units: 1 two‑bedroom and 1 three‑bedroom; In‑unit laundry and dishwashers in both units
