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Listed by Shorewest, Realtors
$ 305,000
Est. payment /mo
Active-No Offer
1522 MONROE ST Two Rivers, WI 54241
3 Beds
2 Baths
1,485 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active-No Offer
Purchase Type For Sale
Square Footage 1,485 sqft
Price per Sqft $205
Municipality City of Two Rivers
MLS Listing ID 50327876
Bedrooms 3
Year Built 1930
Annual Tax Amount $2,204
Lot Size 6,969 Sqft
Acres 0.16
Property Sub-Type Duplex
Source ranw
Property Description
Income-producing multifamily/commercial investment opportunity in Two Rivers! Located on a corner lot along the West Twin River, this property offers excellent visibility, river views, and strong potential for investors or owner-occupants. Features include 1800 sqft of commercial/retail space & office area. Ample parking and two upper apartments: a 2BR/1BA and 1BR/1BA, both with in-unit laundry. Commercial space rents for $1,000/month with a 1-year lease. Residential units include Unit A (2BR) at $650/month and Unit B (1BR) at $785/month. Updates include electrical, plumbing, gas lines, and 1BR renovations. Offering an 8% cap rate with strong cash flow potential. Close to shopping, restaurants, marinas, parks, and Lake Michigan beaches.
Location
State WI
County Manitowoc
Zoning Commercial
Interior
Heating Forced Air
Exterior
Parking Features Outside
Utilities Available Sep Electric Meter
Building
Lot Description Corner Lot
Foundation Block
Sewer Public Sewer
Water Public
Structure Type Aluminum Siding,Brick
Schools
School District Two Rivers
Copyright 2026 REALTORS Association of Northeast WI MLS, Inc. All Rights Reserved. Data Source: RANW MLS