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    Golf Course Duplex Opportunity Title is generated by Realmo AI

    337 Alona Lane, Lancaster, WI 53813

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    Claim this Listing
    For Sale
    Under Contract
    $248,000

    MULTI_FAMILY - Lancaster, WI

    Property size:
    2,200 SF
    Lot size:
    0.65 Acres
    Price / SF:
    $112/SF
    Added:
    May 7, 2026
    Days on Market:
    35
    Last Refresh:
    Jun 10 at 6:06 am

    Property Features for 337 Alona Lane

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    R2
    Bedrooms
    5
    Bathrooms
    5
    Rooms
    Bedroom 2, Bedroom 4, Bathroom 4, Bathroom 5, Bedroom 5, Bathroom 2, Bedroom 3, Bathroom 3, Bedroom 1, Bathroom 1
    Parking features
    Open, Garage
    Accessibility
    Accessible Approach with Ramp
    Appliances
    2
    Standard status
    Active Under Contract
    APN
    246-01630-0000
    Size
    2,200 SF
    Lot size
    0.65 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    4177

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    1983
    Floors in Building
    2
    Number of units
    2

    We can help!

    Listing Contact
    Casey Kerkenbush

    Listing agent Casey Kerkenbush License #8375194

    Listing office Jon Miles Real Estate 530 S Water St Ste 1, Madison, WI

    Listing date May 7, 2026

    MLS# 2022382 Listing URL

    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.

    HighLights

    • Golf course living: Duplex located directly on Hole 15.
    • Spacious main unit: 3 BR, 2.5 Bath, 2200+ sq ft with possible 4th BR/bonus room.
    • Second unit offers: 2 BR, 2 Bath, 1200+ sq ft, single‑level living.
    • Main unit features new furnace, fridge, and dishwasher (2024).
    • Benefit from new garage doors and openers (2026) for both units.
    • Storage shed with double doors, ideal for a golf cart.

    Overview

    This duplex property is located in Lancaster, WI, situated on a 0.65-acre lot. The property is zoned R2. One unit features a floor plan with over 2200 sq ft, 3 bedrooms, 2.5 baths, and a possible main level bonus 4th bedroom measuring 13x21. It includes a new furnace, refrigerator, and dishwasher installed in 2024, and a brand new garage door and opener in 2026. The unit also has a partially finished basement and a 19x21 stamped concrete patio overlooking Hole 15. The second unit offers over 1200 sq ft of living space with 2 bedrooms and 2 baths, all on the main level, and a covered rear porch. It also features a brand new garage door. A storage shed with double doors is suitable for storing a golf cart. This property presents an opportunity to live in one unit and rent out the other.

    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 $29.8k $13.56
    − Vacancy −$2.3k −$1.03
    EGI $27.6k $12.53
    − OpEx −$8.3k −$3.76
    NOI $19.3k $8.77
    2,200 SF · lease $13.56/SF/yr · vacancy 7.60% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $275.6K
    $241.2K – $321.6K (±1% cap)
    NOI $19,295 @ 7.0% cap · market cap 7.78%
    Second Best
    Apartment 5plus
    $253.8K
    $222.1K – $296.1K (±1% cap)
    NOI $17,767 @ 7.0% cap · market cap 7.16%
    Theoretical Best
    Office A
    $609.1K
    $532.9K – $710.6K (±1% cap)
    NOI $42,634 @ 7.0% cap · market cap 17.19%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Auto Repair Shop Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lancaster
    County
    Grant
    State
    Wisconsin
    Longitude
    -90.706122
    Latitude
    42.835645

    FAQs

    What type of property is this?
    Duplex - Spacious duplex on golf course, live and rent opportunity.
    Where is this duplex located?
    The property is located at 337 Alona Lane Lancaster, WI.
    What is the asking price?
    The asking price for this property is $248,000.
    What are key features of this property?
    This property features: Golf course living: Duplex located directly on Hole 15.; Spacious main unit: 3 BR, 2.5 Bath, 2200+ sq ft with possible 4th BR/bonus room.; Second unit offers: 2 BR, 2 Bath, 1200+ sq ft, single‑level living.
    More about this property
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