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    Manitowoc, WI
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    Manitowoc, WI Multifamily Properties for Sale

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    Two Rivers, WI Francis Creek, WI Whitelaw, WI Mishicot, WI Valders, WI Cleveland, WI Reedsville, WI Chilton, WI
    Residential Duplex Conversion Opportunity
    Updated: Jun 18
    Residential Duplex Conversion Opportunity

    927 S 23RD Street, Manitowoc, WI 54220

    $123,900
    1,702 sqft 0.13 AC lot
    4 bed, 2 bath home in Manitowoc; currently used as a single‑family residence
    Conversion potential to an upper/lower duplex with 2 units, each featuring 2 bedrooms and 1 bathroom
    Large backyard plus a 2‑stall detached garage for parking and additional storage
    Year built 1920; vinyl siding construction
    Utilities include public water and public sewer
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    This listing looks promising.

    Here's a quick look at some key insights for

    927 S 23RD Street, MANITOWOC, WI 54220

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    • Est. Cap Rate

      2.8%
      NOI ÷ price

    • Est. NOI

      $3K
      Annual

    • Price @ 7% Cap

      $50K
      Suggested

    • Property Type

      Duplex
      Built 1892
    View Property Analytics
    Up-and-Down Duplex Income Property
    Updated: May 14
    Up-and-Down Duplex Income Property

    1617 Green Street, Manitowoc, WI 54220

    $209,900
    1,670 sqft
    Manitowoc up‑and‑down duplex built in 1956
    2‑story duplex with vinyl siding and a block foundation
    Forced‑air natural gas heating with 1 furnace
    Full lower‑level building with sump pump
    Includes 2 refrigerators, 1 washer, 1 dryer, and 2 ranges
    View details
    Based on your search, we've compiled 74 Potential Opportunities for your consideration. Besides 2 Active listings in Manitowoc, WI, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 64 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Turnkey Four-Unit Investment Opportunity
    Turnkey Four-Unit Investment Opportunity

    1801 MASON Street, New Holstein, WI 53061

    $450,000
    3,038 sqft 0.25 AC lot

    Four-unit property with strong rental history in New Holstein, WI.

    View details
    Well-Maintained Four-Unit Investment Property
    Well-Maintained Four-Unit Investment Property

    1410 HICKORY Lane, New Holstein, WI 53061

    $450,000
    3,038 sqft 0.25 AC lot

    Four-unit property with strong rental history in New Holstein, Wisconsin.

    View details
    Well-Maintained Duplex with Garage
    Well-Maintained Duplex with Garage

    2010 Lincoln Street, Two Rivers, WI 54241

    $160,000
    2,040 sqft

    Two separate units with recent cosmetic updates, offering rental income or an owner-occupant setup.

    View details
    Riverfront Development Land
    Riverfront Development Land

    1609 16th St, Two Rivers, WI 54241

    $299,900
    1.18 AC lot

    PUD-zoned riverfront parcel with direct river access, private well, and room for up to seven docks.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Menominee City Building Lot
    Menominee City Building Lot

    605 46th Avenue, Menominee, MI 49858

    Contact for pricing
    0.21 AC lot

    Building lot near Henes Park, ready for construction.

    View details
    Deeded RV Recreational Lot
    Deeded RV Recreational Lot

    V/L E Kissing Oaks Trail, Custer, MI 49405

    $39,900
    0.96 AC lot

    Deeded lot with a newly excavated site, entry, and driveway, backing Manistee National Forest.

    View details
    Tippy Dam Lodge Retreat
    Tippy Dam Lodge Retreat

    1306 N Tippy Dam Road, Wellston, MI 49689

    $999,900
    22.24 AC lot

    Unique lodge in Manistee National Forest with multiple buildings.

    View details
    Traverse City Land with Utilities
    Traverse City Land with Utilities

    4866 Luanne Lane, Traverse City, MI 49685

    $59,000
    0.52 AC lot

    Half-acre lot with well, septic, gas, and electric hookup.

    View details

    Off-Market Properties in Manitowoc, WI

    Consider similar Off-Market properties in Manitowoc, WI. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    2805 10th St
    APARTMENT HOUSE (UNDER 5 UNITS)

    2805 10th St, Manitowoc, WI 54220-6908

    Value Estimation by Request
    3,968 sqft 0.24 AC lot
    View details
    2001 Hamilton St
    APARTMENT HOUSE (UNDER 5 UNITS)

    2001 Hamilton St, Manitowoc, WI 54220-4961

    Value Estimation by Request
    5,696 sqft 0.23 AC lot
    View details
    716 24th St
    BOARDING/ROOMING HOUSE

    716 24th St, Manitowoc, WI 54220-4414

    Value Estimation by Request
    8,857 sqft 0.17 AC lot
    View details
    4930 Benley Ct
    APARTMENT HOUSE (UNDER 5 UNITS)

    4930 Benley Ct, Manitowoc, WI 54220-1074

    $1,940,000
    Estimated value
    21,584 sqft 1.61 AC lot
    View details
    4910 Benley Ct
    APARTMENT HOUSE (UNDER 5 UNITS)

    4910 Benley Ct, Manitowoc, WI 54220-1079

    $2,035,000
    Estimated value
    41,056 sqft 2.71 AC lot
    View details
    1419 8th St
    APARTMENT HOUSE (UNDER 5 UNITS)

    1419 8th St, Manitowoc, WI 54220-2048

    $695,000
    Estimated value
    12,240 sqft 0.34 AC lot
    View details
    4702 Hessel Ct
    APARTMENT HOUSE (UNDER 5 UNITS)

    4702 Hessel Ct, Manitowoc, WI 54220-4100

    Value Estimation by Request
    6,267 sqft 0.48 AC lot
    View details
    1424 8th St
    APARTMENT HOUSE (UNDER 5 UNITS)

    1424 8th St, Manitowoc, WI 54220-2016

    Value Estimation by Request
    4,200 sqft 0.19 AC lot
    View details
    1117 8th St
    APARTMENT HOUSE (UNDER 5 UNITS)

    1117 8th St, Manitowoc, WI 54220-5309

    Value Estimation by Request
    3,165 sqft 0.21 AC lot
    View details
    1111 9th St
    APARTMENT HOUSE (UNDER 5 UNITS)

    1111 9th St, Manitowoc, WI 54220-5342

    Value Estimation by Request
    3,072 sqft 0.21 AC lot
    View details
    4445 Fleetwood Dr
    APARTMENT HOUSE (UNDER 5 UNITS)

    4445 Fleetwood Dr, Manitowoc, WI 54220-1500

    Value Estimation by Request
    4,800 sqft 0.34 AC lot
    View details
    310 Albert Dr
    APARTMENT HOUSE (UNDER 5 UNITS)

    310 Albert Dr, Manitowoc, WI 54220-7144

    $5,950,000
    Estimated value
    61,440 sqft 4.95 AC lot
    View details
    718 8th St
    APARTMENT HOUSE (UNDER 5 UNITS)

    718 8th St, Manitowoc, WI 54220-3963

    $680,000
    Estimated value
    19,296 sqft 0.52 AC lot
    View details
    1901 Waldo Blvd
    APARTMENT HOUSE (UNDER 5 UNITS)

    1901 Waldo Blvd, Manitowoc, WI 54220-2659

    Value Estimation by Request
    52,992 sqft 1.20 AC lot
    View details
    2350 23rd St
    MOBILE HOME PARK, TRAILER PARK

    2350 23rd St, Manitowoc, WI 54220-6300

    $1,805,000
    Estimated value
    34.72 AC lot
    View details
    706 8th St
    APARTMENT HOUSE (UNDER 5 UNITS)

    706 8th St, Manitowoc, WI 54220-3962

    $1,690,000
    Estimated value
    28,080 sqft 0.76 AC lot
    View details
    2220 Mirro Dr
    APARTMENT HOUSE (UNDER 5 UNITS)

    2220 Mirro Dr, Manitowoc, WI 54220-6736

    $1,500,000
    Estimated value
    10,264 sqft 0.58 AC lot
    View details
    3100 Peto St
    APARTMENT HOUSE (UNDER 5 UNITS)

    3100 Peto St, Manitowoc, WI 54220-4300

    $2,580,000
    Estimated value
    14,089 sqft 1.43 AC lot
    View details
    929 31st St
    APARTMENT HOUSE (UNDER 5 UNITS)

    929 31st St, Manitowoc, WI 54220-4372

    $2,480,000
    Estimated value
    31,310 sqft 1.96 AC lot
    View details
    1520 Clark St
    APARTMENT HOUSE (UNDER 5 UNITS)

    1520 Clark St, Manitowoc, WI 54220-3854

    Value Estimation by Request
    4,539 sqft 0.14 AC lot
    View details
    1414 Clark St
    APARTMENT HOUSE (UNDER 5 UNITS)

    1414 Clark St, Manitowoc, WI 54220-5158

    Value Estimation by Request
    4,908 sqft 0.14 AC lot
    View details
    1805 Waldo Blvd
    APARTMENT HOUSE (UNDER 5 UNITS)

    1805 Waldo Blvd, Manitowoc, WI 54220-2650

    Value Estimation by Request
    5,565 sqft 0.18 AC lot
    View details

    Manitowoc, WI Multifamily Properties Market Trends and Statistics

    Explore 66 multifamily properties for sale in Manitowoc, WI on our real estate platform. These investment opportunities span a total of 3,372 square feet of properties for sale, with an estimated market value of $333,800.

    Sale prices for multifamily properties in Manitowoc, WI start at $123,900, averaging $166,900, and reaching up to $209,900 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Duplexes 1

    Demographics Overview

    Population 41K
    Population Growth (5Y) +4.3%
    Median Household Income $65,188
    College Educated 15.5%

    High-Yield Neighborhoods for Investment

    Identify Manitowoc submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    54220 $171.2K

    Taxes & Financing

    Tax Rate (average for all types) 1.63%
    Property Tax per SF $17.86 per SF
    Tax Rate vs County Average 0.08 pp below county avg
    Average Loan-to-Value 65.0%

    Total CRE Inventory on Market (SF)

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