Two-Unit Duplex
114 N 2nd Street Mount Horeb, WI 53572
New
114 N 2nd Street, Mount Horeb, WI, 53572
$370,000
For Sale
$370,000
MULTI_FAMILY - Mount Horeb, WI
Property Size1,800 SF
Lot Size0.69 Acres
Price / SF$205.56
Days on Market7
Property Features for 114 N 2nd Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Res
- Bedrooms
- 4
- Bathrooms
- 4
- Rooms
- Bedroom 2, Bedroom 1, Bathroom 4, Bathroom 3, Bathroom 1, Bathroom 2, Bedroom 4, Bedroom 3
- Appliances
- 2
- Standard status
- Active
- APN
- 0606-122-5213-2
- Lot size
- 0.69 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 5350
Utilities
- Heating system
- Forced Air
Building Details
- Year built
- 1900
- Floors in Building
- 2
- Number of units
- 2
Listing agency
Restaino & Associates
(608) 833-7777
Listed by
Heidi Kopras · License #7128494
(608) 347-9828
Added: Jul 16 Updated: Jul 22 at 5:05AM Checked: Jul 22 at 11:06AM
MLS# 2009606
Copyright © 2026 REALTORS® Association of South Central Wisconsin. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Great duplex located in central Mount Horeb on two lots totaling approximately 0.69 acres. One lot is not buildable at this time and will require village approval. Each unit is approximately 900 square feet and includes two bedrooms, a full bath, a generous living room, and dining space in the kitchen.
The property includes updated flooring, electrical, some lighting, and kitchen work. A heated common laundry room is located in the back. Gas and water are separately metered for each unit. Tenants require 24-hour showing notice, and leases are available upon request.
The permit allows for a new driveway and off-street parking on the southwest side of the duplex off 2nd St.
The property includes updated flooring, electrical, some lighting, and kitchen work. A heated common laundry room is located in the back. Gas and water are separately metered for each unit. Tenants require 24-hour showing notice, and leases are available upon request.
The permit allows for a new driveway and off-street parking on the southwest side of the duplex off 2nd St.
Key Highlights
- Duplex in central Mt Horeb on 2 lots totaling 0.69 acres (one lot not buildable at this time; requires village approval).
- Each unit is approx. 900 SF with 2 bedrooms, full bath, generous living room, and dining space in the kitchen.
- Sep meters for gas and water; common heated laundry room located in the back.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $24.8k | $13.80 |
| − Vacancy | −$1.2k | −$0.69 |
| EGI | $23.6k | $13.11 |
| − OpEx | −$7.1k | −$3.93 |
| NOI | $16.5k | $9.18 |
1,800 SF · lease $13.80/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$236.0K
$206.5K – $275.3K
NOI $16,519 @ 7.0% cap · market cap 4.46%
Second Best
Apartment 5plus
$207.5K
$181.5K – $242.0K
NOI $14,522 @ 7.0% cap · market cap 3.92%
Theoretical Best
Office A
$418.3K
$366.0K – $488.0K
NOI $29,280 @ 7.0% cap · market cap 7.91%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Central Mt. Horeb duplex on two lots features two 2-bedroom units with separate gas and water meters.
Where is this duplex located?
The property is located at 114 N 2nd Street Mount Horeb, WI.
What is the asking price?
The asking price for this property is $370,000.
What are key features of this property?
This property features: Duplex in central Mt Horeb on 2 lots totaling 0.69 acres (one lot not buildable at this time; requires village approval).; Each unit is approx. 900 SF with 2 bedrooms, full bath, generous living room, and dining space in the kitchen.; Sep meters for gas and water; common heated laundry room located in the back.
