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Property view

452 N Franklin Street #1 and 2, 
Mondovi, WI 54755

$135,000


Bed


Bath


1,712

Sq Ft


Multi-Family

Sold

Listed by

Robert Johnson

RE/MAX Results~Eau Claire

MLS#

1597243

Source:

WI RANWW

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About This Home

452 N Franklin Street #1 and 2

100% Leased Duplex With Long-Term Tenants + Recent Capital Improvements. This fully leased duplex is an excellent fit for investors, especially those looking to make a smart first step into multifamily ownership with an estimated cap rate of 9%, depending on operating costs and management strategy. The property includes two 2-bedroom, 1-bath units, both occupied with leases secured through June and July of 2026, providing consistent and predictable income. The duplex generates $1,425/month ($17,100/year) in current rent. Both tenants are already accustomed to online rent payments and automatic late-fee structures, offering smoother collections for any buyer who prefers to continue with a digital platform (currently apartments.com). A new roof installed in 2022 and electrical upgrades completed in 2024 provide recent major updates significantly reducing near-term maintenance concern. This duplex presents a straightforward, financially sound opportunity for a buyer seeking stable tenancy, updated systems, and a property that performs without requiring heavy repositioning. A strong choice for anyone building a small investment portfolio or stepping confidently into income-producing real estate.

Home Facts

Multi-Family

Built in 1900

Price Summary

145,000

$84 per Sq. Ft.

MLS #:

1597243

Sold:

December 29, 2025


Rooms & Interior

Interior

Living Area:

1,712 Sq. Ft.


Structure

Structure

Building Area:

1,712 Sq. Ft.

Year Built:

1900


Lot

Lot Size (Sq. Ft):

8,877


Finances & Disclosures

Finances

Price:

$145,000

Price per Sq. Ft:

$84 per Sq. Ft.

Source:WI RANWW
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