Two-Unit Duplex Near Lake
For Sale
$189,900
922 Broadway Ave, Sheboygan, WI 53081
Separate three- and two-bedroom residences support flexible occupancy or rental use.
Property Size1,916 SF
Price / SF$99.11
Days on Market62
Property Features for 922 Broadway Ave
General Information
Standard status
Active
Size
1,916 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1891
Listing Agency:
Shorewest Realtors - South Metro
Listed By:
Realty Executives Southeast
(262) 443-0030
Source:
Therealestatestudiowi
Added: Aug 14
Changed: Oct 13
Last Checked: Oct 12 at 8:10PM
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 Shorewest Realtors - South Metro
Investment Insights
Based on property information with market context.
This duplex contains two residential units with distinct layouts. The lower residence offers three bedrooms and main-floor laundry, while the upper residence includes two bedrooms in a functional arrangement. The property provides a total of 1,916 SF of building area.
Located at 922 Broadway Ave in Sheboygan, the property is blocks from Lake Michigan and close to local schools, parks, and Sheboygan amenities. Its two-unit configuration supports an owner-occupant arrangement with rental income from the other residence or use as a small multifamily investment.
Located at 922 Broadway Ave in Sheboygan, the property is blocks from Lake Michigan and close to local schools, parks, and Sheboygan amenities. Its two-unit configuration supports an owner-occupant arrangement with rental income from the other residence or use as a small multifamily investment.
Key Highlights
- Two‑unit duplex with lower and upper residences
- Lower unit includes 3 bedrooms and main‑floor laundry
- Upper unit features 2 bedrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,139
Cap Rate
8.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$322,780
$322.8K
Cap Rate 7%
$230,557
$230.6K
Cap Rate 9%
$179,322
$179.3K
Market Conditions
NOI Build-Up for 1,916 SF
Gross rent
$24.1K $12.60/SF
− Vacancy
−$1.1K −$0.57/SF
EGI
$23.1K $12.03/SF
− OpEx
−$6.9K −$3.61/SF
NOI
$16.1K $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%
$322,780
Cap Rate 7%
$230,557
Cap Rate 9%
$179,322
Alternative Uses
Best Use
Multifamily LT 5
$230.6K
$201.7K – $269.0K
NOI $16,139 @ 7.0% cap · market cap 8.50%
Second Best
Apartment 5plus
$214.4K
$187.6K – $250.2K
NOI $15,010 @ 7.0% cap · market cap 7.90%
Theoretical Best
Office A
$417.6K
$365.4K – $487.2K
NOI $29,230 @ 7.0% cap · market cap 15.39%
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
410
Businesses Nearby
Explore this area
Business Placement
Demographics for 53081, WI
43,465
Population
20,121
Households
2.2
Avg Household Size
38
Median Age
22%
College-Educated
90%
High-School Grad
23.3 sq mi
ZIP Area
1,865
Density / Sq Mi
$62,401
Median Household Income
$42,329
Median Earnings
$866
Median Rent
$169,700
Median Home Value
Check the figures for this property
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 - Separate three- and two-bedroom residences support flexible occupancy or rental use.
Where is this duplex located?
The property is located at 922 Broadway Ave Sheboygan, 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‑unit duplex with lower and upper residences; Lower unit includes 3 bedrooms and main‑floor laundry; Upper unit features 2 bedrooms
