Duplex with Detached
New
For Sale
$235,000
904 Center St, Racine, WI 53403
Each residence has two bedrooms and two bathrooms, with a separate garage on the property.
Property Size1,674 SF
Price / SF$140.38
Days on Market2
Property Features for 904 Center St
General Information
Standard status
Active
Size
1,674 SF
Total Parking Spaces
1
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Building Details
Year Built
1900
Listing Agency:
Berkshire Hathaway Homeservices Metro Realty
Listed By:
Avenue Real Estate
(920) 893-3001
Source:
Avenueret
Added: Oct 19
Last Checked: Oct 19 at 3:06AM
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 Berkshire Hathaway Homeservices Metro Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex contains two residences, each configured with two bedrooms and two bathrooms. The property totals 1,674 square feet and includes a detached one-car garage. Built in 1900, it has received updates over the past eight years.
Key Highlights
- Two residences, each with 2 bedrooms and 2 bathrooms
- 1,674 square feet
- Detached 1‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,262
Cap Rate
7.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$365,240
$365.2K
Cap Rate 7%
$260,886
$260.9K
Cap Rate 9%
$202,911
$202.9K
Market Conditions
NOI Build-Up for 1,674 SF
Gross rent
$27.1K $16.20/SF
− Vacancy
−$1.0K −$0.62/SF
EGI
$26.1K $15.58/SF
− OpEx
−$7.8K −$4.68/SF
NOI
$18.3K $10.91/SF
Area
Racine County, WI
Vacancy
3.80%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$365,240
Cap Rate 7%
$260,886
Cap Rate 9%
$202,911
Alternative Uses
Best Use
Multifamily LT 5
$260.9K
$228.3K – $304.4K
NOI $18,262 @ 7.0% cap · market cap 7.77%
Second Best
Apartment 5plus
$227.3K
$198.9K – $265.2K
NOI $15,910 @ 7.0% cap · market cap 6.77%
Theoretical Best
Office A
$402.6K
$352.2K – $469.7K
NOI $28,179 @ 7.0% cap · market cap 11.99%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,419
Businesses Nearby
Explore this area
Business Placement
Demographics for 53403, WI
26,269
Population
11,876
Households
2.2
Avg Household Size
38
Median Age
23%
College-Educated
88%
High-School Grad
10.2 sq mi
ZIP Area
2,575
Density / Sq Mi
$58,274
Median Household Income
$37,130
Median Earnings
$1,029
Median Rent
$159,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has two bedrooms and two bathrooms, with a separate garage on the property.
Where is this duplex located?
The property is located at 904 Center St Racine, WI.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 2 bathrooms; 1,674 square feet; Detached 1‑car garage
