Investor opportunity with immediate income potential and upside. This side-by-side duplex features two 2-bedroom, 1-bath units, each with private basements, but shared stairwell access. Both units are currently vacant, giving investors the rare ability to set rents at current market rates from day one or owner-occupants house hackers the flexibility to offset their mortgage with rental income. Based on projected rents of approximately $1,200 per side, the property presents an estimated gross annual income of $28,800 and an approximate 13.1% gross cap rate at the current asking price, with estimated real-world cap rates potentially landing closer to the 7.5–8.5% range depending on management style and operating expenses. Cap rates in the multifamily sector commonly fall between roughly 4% and 10%, placing this asset squarely in the conversation for cash-flow-focused investors seeking stronger yield potential. The single-story layout appeals to a broad tenant pool looking for practical, accessible living. Mature trees provide shade and established curb appeal, and the oversized lot configuration creates a more residential feel than many comparable duplex properties. Whether you're building a long-term rental portfolio, searching for a value-add multifamily opportunity, or looking for a house-hack scenario where you live in one side and lease the other, this property checks the boxes investors look for: vacant units, market-rent potential, functional floorplans, basements for added storage/utilities, and a strong rent-to-price ratio that approaches the investor-favored “1% rule. Lock it in now before the big soccer event and then long-term rental potential. Seller is open to assisting with a rate buy down with the right offer, creating additional flexibility for investors navigating today’s financing environment. Opportunities to acquire a move-in-ready duplex with immediate leasing potential and strong projected returns are becoming increasingly difficult to find.

Source: Greater Heartland Region MLS, MLS#: 2618948