$305,000

3 Beds 2 Baths 1,485 Sqft

1522 Monroe Street, Two Rivers, WI 54241

Property Type: Multi-Family
Building Type: 2 Story,Bi-Level
Time on Market: 7 days
Price per Sqft: $205
Total Taxes: $2,204
Est. Age: 21+ Years

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.

Unit Breakdown

Unit Beds Full Baths Half Baths Sq Ft
Unit 1 2 1 0 865
Unit 2 1 1 — 620

Property Details

Interior

Basement:
  • Full, Block
Baths:
  • Full Baths: 2
Heating/Cooling:
  • Forced Air
Heat Fuel:
  • Natural Gas
Sqft:
  • Total Sqft: 1,485
  • Lot Sqft Source: Assessor/Public Record
  • Estimated Sqft Range: 1251-1500
  • Lot Sqft Source: Assessor/Public Record

Exterior

Acreage:
  • Range: 0.0 to .499
  • Source: Assessor/Public Record
Exterior:
  • Aluminum/Steel, Brick
Exterior Features:
  • Porch
Lot:
  • Description: Level
  • Lot SqFt Source: Assessor/Public Record
Parking:
  • Details: Outside
Water:
  • Waterfront: N
Water/Waste:
  • Municipal Water, Municipal Sewer

Misc.

New Construction:
  • N
Postal:
  • Code: 54241
Street:
  • Name: MONROE STREET
  • Suffix: STREET
Utilities:
  • Details: Separate Electric Meters
Zoning:
  • Commercial

Map

Listing Agent-Provided Directions:
  • From Hwy 42 (Memorial Dr) turn west onto Monroe St. Property on left.

Monthly Payment Calculator

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Schools and Neighborhood

School District:
  • Two Rivers
Postal City:
  • Two Rivers
Municipality:
  • Name: TWO RIVERS
  • Type: City
County:
  • MANITOWOC

Market Comparison

How this property compares to local market averages — calculated 7/1/2026

This Property
Two Rivers Multi Family Home Avg
Manitowoc County Multi Family Home Avg
List Price
$305,000
$183,800
$210,200
Median Price
—
$178,500
$182,000
Price / Sq Ft
$205
$106
$103
Days on Market
7 days
34 days
45 days
Total Listings
—
6
21

Listing Information

  • Time on Market: 7 days
  • Place Perfect Last Updated: 2026-06-23 09:37:08
  • MLS Number: 50327876
  • Subsystem Locale: WIREX_RANW
  • Listing Office: Shorewest, Realtors
  • Listing Agent: Jessica Baeten

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This information is provided by WIREX via the REALTORS Association of Northeast Wisconsin multiple listing service and is exclusively for consumers’ personal, non-commercial use. Information is deemed reliable but not guaranteed.

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