1520 8th St Unit 1 & 2 · Menomonie, WI 54751

$199,900

4 bd · 2.0 ba · 1,840 sqft · MultiFamily · 34 Days on market

Built 1910 Good condition $109/sqft · at area comps Est $204k · at est. ↓ 7% since listing

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Why this score? — see what drove the B grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +8.4/15.0
• Livability +4.1/5.0
• Condition / age +4.0/5.0
• Schools +3.4/10.0
• Rent growth +3.1/5.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 2 units. confirmed

Listing remarks MLS

Well-maintained duplex in a strong rental location just blocks from University of Wisconsin?Stout and nearby shopping. The main level unit offers 3 bedrooms, 1 bath, a dedicated laundry room, porch/mudroom entry, and additional basement storage. The upper unit features 2 bedrooms and 1 bath. Both units have been updated and show pride of ownership throughout. Roof, siding, exterior doors, water heaters and appliances new in 2010. Situated on a corner lot with a spacious yard and off-street parking, this property has a solid rental history and consistent demand. Tenants pay water, sewer, and electric, while the owner covers garbage, lawn care, and snow removal. A great opportunity for investors looking for a well-performing property in a desirable southeast Menomonie location near downtown. Detailed rental history, current leases, and maintenance records are available upon request to support informed investment decisions.

Key facts

• Built 1910
• Listed 34 days

What this means for you Summary

Snapshot

• This is a 1×3bd/1ba + 1×2bd/1ba units multifamily listed at $200k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $988 ($12k/yr) — positive. Per door: $494/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $200k).
• Recommended offer: $194k (3.0% below list) — sets the bar for market timing.
• Cap rate 12.2% vs local median 3.7% in Menomonie — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 82/100 on livability (#50 in WI, #1,248 nationally) — a professional / high-income tenant draw. Strengths: cost of living A+, housing A+, health & safety A+; Watch: schools D+, employment D+, amenities F.
• Menomonie Area School District (town): math 40% / reading 40% proficiency, ranked #157 of 342 in WI (top 46%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising (+2.6%/yr); 105 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 151 units permitted in Dunn County in 2024 (0 in 5+ unit buildings).
• At $2,999/mo this rent would consume 50% of the median local household income ($72k/yr) (locally 821% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 2.6% rent growth), your $56k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 34 days — a 3% lower offer ($194k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1910 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $193,903 (3.0% below list)

Questions for the listing agent

1. It's been on market 34 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
4. Built in 1910 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.50% ✓
• Cap rate: 12.22%
• Cash-on-cash: 21.18%
• DSCR: 1.94
• GRM: 5.6

CMA / ARV

• ARV (median comp): $204,074
• List price: $199,900
• Delta: -2.05%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1520 8th St Unit 1 & 2	0.00mi	5/2.0 (+1)	1,840 (0%)	0mo	$190,000	$103	95
913 8th St Unit 1 & 2	0.39mi	5/3.0 (+1)	1,750 (-5%)	5mo	$200,000	$114	61
1215 8th St #1	0.20mi	5/2.0 (+1)	1,734 (-6%)	22mo	$175,000	$101	58
1019 9th St Unit House	0.31mi	5/2.0 (+1)	1,949 (+6%)	19mo	$175,000	$90	54
1018 8th St Unit A	0.31mi	5/2.0 (+1)	1,970 (+7%)	21mo	$215,000	$109	51

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 2.59% rent growth · sell at horizon

5-year hold

• IRR: 13.2%
• Equity multiple: 1.52×
• Total profit: $29,331
• Equity at exit: $29,806

10-year hold

• IRR: 21.8%
• Equity multiple: 2.82×
• Total profit: $101,717
• Equity at exit: $17,284

Cash invested: $55,972 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 73 Landlord-Friendly
• State Wisconsin: 73 Landlord-Friendly · R+2
• County: — inherits STATE
• City: — inherits STATE

5-day notice; preempted; Madison / Milwaukee have some local enforcement.

Methodology + full state rankings →

ZIP-level market 54751

• Rents YoY: 2.6%
• Active inventory: 105
• Price-to-rent: 10.6×

Monthly cashflow live

• Estimated rent: $2,999 medium
• Mortgage (P&I): −$1,048
• Tax est. 1.5%: −$250 /mo · $2,998/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$630
• Net cashflow: $988

Break-even live

Break-even rent $1,749

Max offer price $199,900

Occupancy floor 62%

Sensitivity live

Price	-10% $1,126	-5% $1,057	+0% $988	+5% $919	+10% $850
Rent	-10% $751	-5% $869	+0% $988	+5% $1,106	+10% $1,225
Rate	-1.0pp $1,088	-0.5pp $1,039	base $988	+0.5pp $936	+1.0pp $883

2-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
1× unit	3	1	$1,567
1× unit	2	1	$1,432
Total (2 units)			$2,999

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $49,975
• Closing costs: $5,997
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1509 8th St E Menomonie, WI	5.0	2.0	1922	$1,395	$0.73	44d	1	0.01mi
503 11th St E Menomonie, WI	4.0	2.0	1862	$1,800	$0.97	44d	1	0.65mi

Listing history 3 events

1. 2026-05-06
   status Pending 934-char remark

   Show marketing remark (934 chars)

   Well-maintained duplex in a strong rental location just blocks from University of Wisconsin?Stout and nearby shopping. The main level unit offers 3 bedrooms, 1 bath, a dedicated laundry room, porch/mudroom entry, and additional basement storage. The upper unit features 2 bedrooms and 1 bath. Both units have been updated and show pride of ownership throughout. Roof, siding, exterior doors, water heaters and appliances new in 2010. Situated on a corner lot with a spacious yard and off-street parking, this property has a solid rental history and consistent demand. Tenants pay water, sewer, and electric, while the owner covers garbage, lawn care, and snow removal. A great opportunity for investors looking for a well-performing property in a desirable southeast Menomonie location near downtown. Detailed rental history, current leases, and maintenance records are available upon request to support informed investment decisions.

2. 2026-04-28
   price $199,900 934-char remark

   Show marketing remark (934 chars)

   Well-maintained duplex in a strong rental location just blocks from University of Wisconsin?Stout and nearby shopping. The main level unit offers 3 bedrooms, 1 bath, a dedicated laundry room, porch/mudroom entry, and additional basement storage. The upper unit features 2 bedrooms and 1 bath. Both units have been updated and show pride of ownership throughout. Roof, siding, exterior doors, water heaters and appliances new in 2010. Situated on a corner lot with a spacious yard and off-street parking, this property has a solid rental history and consistent demand. Tenants pay water, sewer, and electric, while the owner covers garbage, lawn care, and snow removal. A great opportunity for investors looking for a well-performing property in a desirable southeast Menomonie location near downtown. Detailed rental history, current leases, and maintenance records are available upon request to support informed investment decisions.

3. 2026-04-02
   listed $215,000 Active 934-char remark

   Show marketing remark (934 chars)

   Well-maintained duplex in a strong rental location just blocks from University of Wisconsin?Stout and nearby shopping. The main level unit offers 3 bedrooms, 1 bath, a dedicated laundry room, porch/mudroom entry, and additional basement storage. The upper unit features 2 bedrooms and 1 bath. Both units have been updated and show pride of ownership throughout. Roof, siding, exterior doors, water heaters and appliances new in 2010. Situated on a corner lot with a spacious yard and off-street parking, this property has a solid rental history and consistent demand. Tenants pay water, sewer, and electric, while the owner covers garbage, lawn care, and snow removal. A great opportunity for investors looking for a well-performing property in a desirable southeast Menomonie location near downtown. Detailed rental history, current leases, and maintenance records are available upon request to support informed investment decisions.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 2/10 Low 7 d/yr ≥99°F today · 14 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $35,988
• − Mortgage interest: −$11,198
• − Property taxes: −$2,998
• − Insurance: −$1,000
• − Repairs & maintenance: −$2,879
• − Management: −$2,879
• − Depreciation: −$5,815
• Taxable income: $9,219
• Est. tax owed @ 24.0%: −$2,213
• After-tax cash flow: $9,640/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Condition & rehab AI · 6 photos

Good 80/100 Cosmetic rehab

A well-maintained and updated duplex with good curb appeal and rental history. Minor cosmetic improvements can further enhance its value.

Value-add opportunities

• Both Paint exterior — Enhances curb appeal and resale value
• Both Landscaping improvements — Improves curb appeal and rental appeal

Renovation cost estimate screening

Value-add ROI direction

• Both Paint exterior — Enhances curb appeal and resale value ↑
• Both Landscaping improvements — Improves curb appeal and rental appeal ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Menomonie Area School District
• NCES district ID: 5509090
• Math proficiency: 40% ▼ -1.00%
• Reading proficiency: 40% ▲ 2.00%
• Median HH income: $47,172
• Composite: 34.23/100
• National rank: #5262
• State rank: #157 of 342 in WI

Livability — Menomonie

• Score: 82/100
• State rank: #50
• US rank: #1248

Category grades

Amenities F Commute B+ Cost of living A+ Crime A Employment D+ Housing A+ Health & safety A+ User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Menomonie, WI
• County: Dunn County · 26,193 people
• City population: 26,193
• Metro: Menomonie, WI
• Population (ZIP): 26,193
• Household income: $72,028
• Rent vs Own: 42.5% rent · 57.5% own
• Severe rent burden: 821.0

Population outlook (Dunn County) Hauer SSP2

• Today (2025): 45,435 people
• By 2030: 45,694 · +0.6%
• By 2040: 45,329 · -0.2%
• By 2050: 44,343 · -2.4%
• By 2075: 42,497 · -6.5%
• By 2100: 40,616 · -10.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (89%)
• Race & ethnicity: White 89% Asian 5% Two or more races 3% Hispanic / Latino 2% Black 1%
• Common ancestry: Portuguese 15% Romanian 6% Lithuanian 3%
• Foreign-born: 3% · China, Canada
• Languages at home: 94% English-only · Other Asian/Pacific 3% Spanish 1% Chinese 1%

Political lean MEDSL · Dunn

• 2024 margin: R (+15.9) · D 41.5% · R 57.4% · Other 1.2%
• 2008→2024 swing: -30.9pp toward R · 2008: 14.9pp · 2024: -15.9pp
• All cycles: 2024: R+15.9 2020: R+13.9 2016: R+11.2 2012: D+5.0 2008: D+14.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -134.07%
• Current HPI: 214.7943
• Rent YoY: ▲ 2.59%
• Metro: Menomonie, WI
• State GDP YoY: ▲ 2.10%
• F500 in state: 20

Industry mix (Fortune 500 HQ in WI)

Industry	F500 HQs	Revenue
▸Industrial Machinery	4	$23B
▸Industrial Technology	2	$36B
▸Insurance	1	$36B
▸Professional Services	1	$19B
▸Utilities	1	$9B
▸Consumer Goods	1	$3B

Price history

-7.0% since first listed

3 events — show timeline

• 2026-05-06 Pending — RANWW
• 2026-04-28 Price Changed $199,900 RANWW
• 2026-04-02 Listed $215,000 RANWW