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 Market20
Property Features for 821 Eastern Ave
General Information
Standard status
Active
Size
2,200 SF
Property subtype
Residential Income
Units
Unit Mix
1 x 2BR, 1 x 3BR
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,820
Amenities
in-unit laundry
dishwashers
large yard
Building Details
Buildings
1
Listing Agency:
Pleasant View Realty, LLC
(262) 573-1078
Listed By:
Rich Ryan · License #41841
(262) 573-1078
Source:
Exprealty
Added: Aug 10
Changed: Aug 26
Last Checked: Aug 29 at 3:10PM
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 = 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
$18,531
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
5.70%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
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 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
