All-Brick Side-by-Side
For Sale
$199,000
W6110 County Hwy B, Monroe, WI 53566
Side-by-side duplex with two one-bedroom, one-bath units, each with in-unit laundry and private entrances.
Property Size1,088 SF
Price / SF$182.90
Days on Market68
Property Features for W6110 County Hwy B
General Information
Standard status
Active
Size
1,088 SF
Property subtype
Multi Family / Duplex-side by side
Zoning
Res
Additional Details
Highway Access
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,489
Amenities
in-unit laundry
private entrances
Partial, Crawl space, Other foundation
Electric
Other
Seller and Tenant's personal property.
2 Refrigerators, 2 Stoves, 2 Washers, 2 Dryers.
2
1
Brick
Building Details
Year Built
999
Units
2
Construction
all-brick
Listing Agency:
EXIT Professional Real Estate
Listed By:
Jeff Maliszewski · License #56545-90
(608) 293-0561
Source:
Compass
Added: Jun 30
Changed: Aug 8
Last Checked: Jul 23 at 10:43AM
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 EXIT Professional Real Estate
Investment Insights
Based on property information with market context.
This all-brick side-by-side duplex includes two one-bedroom, one-bath units, each offering private entrances and in-unit laundry. The property is situated on two parcels totaling just under an acre. An additional vacant parcel is included on-site.
The property is located at W6110 County Hwy B in Monroe, Wisconsin, described as just minutes from Monroe on Hwy 69.
Public remarks indicate the site previously had multiple mobile homes. Any future development or additional improvements would be subject to buyer verification and local approvals.
The property is located at W6110 County Hwy B in Monroe, Wisconsin, described as just minutes from Monroe on Hwy 69.
Public remarks indicate the site previously had multiple mobile homes. Any future development or additional improvements would be subject to buyer verification and local approvals.
Key Highlights
- All‑brick side‑by‑side duplex just minutes from Monroe on Hwy 69
- Two one‑bedroom, one‑bath units with private entrances
- Each unit includes in‑unit laundry (2 washers and 2 dryers included)
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
$14,401
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
7.24%
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%
$288,020
$288.0K
Cap Rate 7%
$205,729
$205.7K
Cap Rate 9%
$160,011
$160.0K
Market Conditions
NOI Build-Up for 1,088 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
$21.5K $19.80/SF
− Vacancy
−$969 −$0.89/SF
EGI
$20.6K $18.91/SF
− OpEx
−$6.2K −$5.67/SF
NOI
$14.4K $13.24/SF
Area
Green County, WI
Vacancy
4.50%
Lease Rate
$19.80 /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%
$288,020
Cap Rate 7%
$205,729
Cap Rate 9%
$160,011
Alternative Uses
Best Use
Multifamily LT 5
$205.7K
$180.0K – $240.0K
NOI $14,401 @ 7.0% cap · market cap 7.24%
Second Best
Apartment 5plus
$190.7K
$166.8K – $222.4K
NOI $13,346 @ 7.0% cap · market cap 6.71%
Theoretical Best
Office A
$317.8K
$278.1K – $370.8K
NOI $22,247 @ 7.0% cap · market cap 11.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
882
Businesses Nearby
Explore this area
Business Placement
Demographics for 53566, WI
14,970
Population
6,810
Households
2.2
Avg Household Size
44
Median Age
26%
College-Educated
93%
High-School Grad
152.9 sq mi
ZIP Area
98
Density / Sq Mi
$71,801
Median Household Income
$41,525
Median Earnings
$849
Median Rent
$203,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Side-by-side duplex with two one-bedroom, one-bath units, each with in-unit laundry and private entrances.
Where is this duplex located?
The property is located at W6110 County Hwy B Monroe, WI.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: All‑brick side‑by‑side duplex just minutes from Monroe on Hwy 69; Two one‑bedroom, one‑bath units with private entrances; Each unit includes in‑unit laundry (2 washers and 2 dryers included)
