452 N Franklin St Unit 1 & 2 Mondovi, WI 54755
Estimated payment $887/month
Highlights
- Porch
- Open Patio
- Forced Air Heating System
- Cooling Available
- Shed
- Wood Siding
About This Home
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.
Listing Agent
RE/MAX Results~Eau Claire Brokerage Phone: 715-831-1488 License #93472-94 Listed on: 11/21/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,451
Year Built
- Built in 1900
Lot Details
- 8,878 Sq Ft Lot
Parking
- Driveway
Home Design
- 1,712 Sq Ft Home
- Duplex
- Stone Foundation
- Wood Siding
Basement
- Partial Basement
- Crawl Space
Outdoor Features
- Open Patio
- Shed
- Porch
Utilities
- Cooling Available
- Forced Air Heating System
- Gas Water Heater
Listing and Financial Details
- Assessor Parcel Number 251002240000
Community Details
Overview
- 2 Units
Building Details
- Insurance Expense $1,590
- Water Sewer Expense $1,080
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $1,451 | $83,200 | $10,400 | $72,800 |
| 2023 | $1,504 | $83,200 | $10,400 | $72,800 |
| 2022 | $1,543 | $83,200 | $10,400 | $72,800 |
| 2021 | $1,630 | $62,800 | $10,800 | $52,000 |
| 2020 | $1,610 | $62,800 | $10,800 | $52,000 |
| 2019 | $1,642 | $62,800 | $10,800 | $52,000 |
| 2018 | $1,596 | $62,800 | $10,800 | $52,000 |
| 2017 | $1,470 | $62,800 | $10,800 | $52,000 |
| 2016 | $1,430 | $62,800 | $10,800 | $52,000 |
| 2015 | $1,406 | $62,800 | $10,800 | $52,000 |
| 2014 | $1,381 | $62,800 | $10,800 | $52,000 |
| 2013 | $1,442 | $62,800 | $10,800 | $52,000 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/21/2025 11/21/25 | For Sale | $145,000 | +65.7% | $85 / Sq Ft | |
| 11/05/2021 11/05/21 | Sold | $87,500 | -12.4% | $51 / Sq Ft | View Prior Sale |
| 10/06/2021 10/06/21 | Pending | -- | -- | -- | |
| 09/01/2021 09/01/21 | For Sale | $99,900 | -- | $58 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $87,500 | None Available | |
| Warranty Deed | $53,000 | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $65,625 | New Conventional |
Source: Northwestern Wisconsin Multiple Listing Service
MLS Number: 1597243
APN: 251-00224-0000
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