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$305,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • Updated 2 days ago
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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.

Full Property Details for 1522 Monroe St

General

  • Price: $305,000
  • Taxes: $2,204
  • Status: Active
  • Type: Multi-Family
  • Source: Wirex_Realtors_Association_of_Northeast_Wisconsin_RANW
  • MLS ID: 50327876
  • Updated: 6/23/2026
  • Added to Site: 2 day(s) ago

Exterior

  • Exterior Features: Porch

Parking

  • Parking Features: Outside

Location

  • Municipality: Two Rivers
  • County: Manitowoc
  • Driving Directions: From Hwy 42 (Memorial Dr) turn west onto Monroe St. Property on left.

School Information

  • School District: Two Rivers

Heating & Cooling

  • Heating Fuel: Natural Gas
  • Heating/Cooling: Forced Air

Utilities

  • Water/Sewer: Municipal Water, Municipal Sewer
  • Utility Description: Separate Electric Meters

Structural Information

  • Description/Design: 2 Stories, Bi-Level
  • Exterior Const.: Aluminum/Steel, Brick
  • Basement Desc.: Full, Block
  • Square Feet: 1,485
  • Square Feet Range: 1251 to 1500
  • Sq. Ft. Source: Assessor/Public Record

Unit Information

  • Units in Building: 2

Unit 1

  • Square Feet: 865
  • Bedrooms: 2

Unit 2

  • Square Feet: 620
  • Bedrooms: 1
  • Primary Bedroom: 8 x 11
  • Living Room: 12 x 26,
  • Kitchen: 6 x 14,

Lot Features

  • Lot Size (Acres): 0.16
  • Lot Size Range: 0 to .499 Acres
  • Lot Size Source: Assessor/Public Record
  • Zoning: Commercial
  • Lot Description: Level

Financial Considerations

  • Tax Amount: $2,204.09

Listed by Shorewest, Realtors

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— 1522 Monroe St —

  • Shorewest, Realtors

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NMLS#: 1598647

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 1522 Monroe St

School District:Two Rivers School District
NameGradesDistance
Koenig Elementary School
1114 Lowell Street, Two Rivers, WI 54241
PK-40.7 mi
Clarke Middle School
4608 Bellevue Place, Two Rivers, WI 54241
5-82.1 mi
Two Rivers High School
4519 Lincoln Avenue, Two Rivers, WI 54241
9-122.1 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1522 Monroe St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
6/23/2026
Listed
$305,000
-6.15%
MLS
3/15/2022
Sold
$325,000
—
Public Record
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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1522 Monroe St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,204
5%
$118,300
—
2024
$2,103
-38%
$118,300
—
2023
$3,395
6%
$118,300
—
2022
$3,199
51%
$118,300
46%
2021
$2,125
4%
$81,300
—
2019
$2,046
—
$81,300
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Shorewest, Realtors

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1522 Monroe Street, Two Rivers, WI 54241 (MLS# 50327876) is a Multi-Family property with units containing 0 bedrooms and 0 full bathrooms. 1522 Monroe Street is currently listed for $305,000 and was received on June 23, 2026. Want to learn more about 1522 Monroe Street? Do you have questions about finding other Multi-Family real estate for sale in Two Rivers? You can browse all Two Rivers real estate or contact a Coldwell Banker agent to request more information.

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