Duplex With Two Separate
For Sale
$274,900
929 Redfield St, La Crosse, WI 54601
Two leased residences share one lot with individual utility metering and off-street parking.
Property Size1,800 SF
Price / SF$152.72
Days on Market75
Property Features for 929 Redfield St
General Information
Standard status
Active
Size
1,800 SF
Total Parking Spaces
3
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Gross Income
$33,840
Utilities to Site
Yes
Multifamily Units
2
Amenities
main floor laundry
in-unit laundry
Building Details
Year Built
1901
Buildings
2
Listing Agency:
@properties La Crosse
Listed By:
William Vaughn Favre · License #6449394
(608) 769-6893
Source:
Nikolicgroup
Added: Aug 1
Changed: Oct 2
Last Checked: Oct 7 at 5:00PM
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 @properties La Crosse
Investment Insights
Based on property information with market context.
This duplex property comprises two separate homes on a single lot, totaling 1,800 square feet and built in 1901. The larger residence has three bedrooms, one bathroom, and main-floor laundry. The second includes two bedrooms, a den, one bathroom, and in-unit laundry. Each home is separately metered, and both have new roofs.
The residences are leased through May 2027 and are located minutes from Gundersen Health System. Three off-street parking spaces are provided from the alley, adding practical support for the two-home configuration.
The residences are leased through May 2027 and are located minutes from Gundersen Health System. Three off-street parking spaces are provided from the alley, adding practical support for the two-home configuration.
Key Highlights
- Two separate homes situated on one lot
- Leases in place through May 2027
- Combined property size of 1,800 square feet; built in 1901
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,258
Cap Rate
5.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$325,160
$325.2K
Cap Rate 7%
$232,257
$232.3K
Cap Rate 9%
$180,644
$180.6K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$24.8K $13.80/SF
− Vacancy
−$1.6K −$0.90/SF
EGI
$23.2K $12.90/SF
− OpEx
−$7.0K −$3.87/SF
NOI
$16.3K $9.03/SF
Area
La Crosse County, WI
Vacancy
6.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$325,160
Cap Rate 7%
$232,257
Cap Rate 9%
$180,644
Alternative Uses
Best Use
Multifamily LT 5
$232.3K
$203.2K – $271.0K
NOI $16,258 @ 7.0% cap · market cap 5.91%
Second Best
Apartment 5plus
$209.0K
$182.9K – $243.8K
NOI $14,629 @ 7.0% cap · market cap 5.32%
Theoretical Best
Specialty Retail
$393.7K
$344.5K – $459.3K
NOI $27,556 @ 7.0% cap · market cap 10.02%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,031
Businesses Nearby
Explore this area
Business Placement
Demographics for 54601, WI
51,090
Population
22,652
Households
2.3
Avg Household Size
32
Median Age
40%
College-Educated
96%
High-School Grad
75.4 sq mi
ZIP Area
678
Density / Sq Mi
$60,078
Median Household Income
$31,143
Median Earnings
$998
Median Rent
$220,200
Median Home Value
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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 leased residences share one lot with individual utility metering and off-street parking.
Where is this duplex located?
The property is located at 929 Redfield St La Crosse, WI.
What is the asking price?
The asking price for this property is $274,900.
What are key features of this property?
This property features: Two separate homes situated on one lot; Leases in place through May 2027; Combined property size of 1,800 square feet; built in 1901
