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    Property profile & analytics

    2931 40th St Two Rivers, WI 54241-1354

    • Apartment buildings
    • 10,504 SF
    • 0.77 lot acres
    OFF-MARKET
    Value Estimation
    $415,000
    Last Sale
    Nov 24, 2020
    Location Intelligence
    Property ID
    US92-3019144
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Apartment buildings

    Property Details for 2931 40th St

    Year built
    1976
    Lot size
    0.77 lot acres
    Property size
    10,504 SF
    Zone code
    R4
    Property type
    Apartment buildings
    APN
    53-144-004-050.08
    APU
    5314400405008

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Two Rivers
    County
    Manitowoc
    State
    Wisconsin
    Longitude
    -87.5925
    Latitude
    44.1702
    CBSA code
    31820
    CBSA name
    MANITOWOC, WI MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $6,527
    $30,900
    $211,200
    $242,100
    -
    $0.00
    $0.00
    $384,200

    Comparable in this City

    • Value Estimation
      $2,305,000
      34,578 SF

      1800 Jefferson St

      APARTMENT HOUSE (5+ UNITS) • 34,578 SF
      1800 Jefferson St, Two Rivers, WI 54241-2652
      View Details
    • Value Estimation by Request
      157,392 SF

      3404 Memorial Dr

      APARTMENT HOUSE (5+ UNITS) • 157,392 SF
      3404 Memorial Dr, Two Rivers, WI 54241-3211
      View Details
    • Value Estimation
      $300,000
      10,656 SF

      2804 39th St

      APARTMENT HOUSE (5+ UNITS) • 10,656 SF
      2804 39th St, Two Rivers, WI 54241-1349
      View Details
    • Value Estimation
      $530,000
      16,608 SF

      2919 40th St

      APARTMENT HOUSE (5+ UNITS) • 16,608 SF
      2919 40th St, Two Rivers, WI 54241-1344
      View Details
    • Value Estimation by Request
      5,866 SF

      1110 Victory St

      APARTMENT HOUSE (5+ UNITS) • 5,866 SF
      1110 Victory St, Two Rivers, WI 54241-3429
      View Details
    • Value Estimation
      $130,000
      25,704 SF

      1808 19th St

      APARTMENT HOUSE (5+ UNITS) • 25,704 SF
      1808 19th St, Two Rivers, WI 54241-2504
      View Details

    Similar Nearby for Sale

    • $245,000
      0.11 Acres

      Two Rivers Apartment Building For Sale

      Four-unit apartment building near Lake Michigan and Neshotah Park.
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      View Details
    • $115,000
      0.09 Acres

      Two Rivers Multi-Family Property

      Three-unit multi-family property with updated apartments in Two Rivers.
      1705 28Th St, Two Rivers, WI 54241
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    • New
      $130,000
      0.13 Acres

      Two-Story Duplex in Two Rivers

      Fully rented two-story duplex with fenced yard in Two Rivers.
      1712 18Th St, Two Rivers, WI 54241
      View Details
    • $579,900
      69.29 Acres

      67 Acres Two Rivers Development Land

      Rare Wisconsin residential land, buildable parcels.
      & STH 42 Parcels #1 Thru #6 Sandy Bay Rd, Two Rivers, WI 54241
      View Details
    • $369,900

      Two-Bedroom Condo with Farmhouse Finishes

      Cozy condo with updated interiors, close to nature and amenities.
      2723 River Ln, Two Rivers, WI 54241
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    • $647,000
      33,600 SF

      Downtown Two Rivers Retail Building

      Prime retail space, redevelopment opportunity.
      1816 Washington St, Two Rivers, WI 54241
      View Details

    Similar Nearby for Lease

    • $3 SF/Yr
      318,783 SF

      Two Rivers Industrial Center Investment

      Wisconsin Manufacturing & Distribution Center
      606 Parkway Blvd, Two Rivers, WI 54241
      View Details
    • Contact for pricing
      6,053 SF

      Prime Two Rivers Retail Space

      High-visibility retail space, ample parking.
      1803 Washington St, Two Rivers, WI 54241
      View Details
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    2931 40th St
    Two Rivers, WI 54241-1354
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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