Commercial-Zoned Duplex with Two
1-3 Mechanic Street Edgerton, WI 53534
New
1-3 Mechanic Street, Edgerton, WI, 53534
$399,900
For Sale
$399,900
MULTI_FAMILY - Edgerton, WI
Property Size3,000 SF
Lot Size0.11 Acres
Price / SF$133.30
Days on Market2
Property Features for 1-3 Mechanic Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- B-2
- Bedrooms
- 6
- Bathrooms
- 2
- Rooms
- Bedroom 6, Bedroom 3, Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 5, Bedroom 2, Bedroom 4
- Appliances
- 2
- Standard status
- Active
- APN
- 221 007005
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 5255
Utilities
- Heating system
- Radiant
Building Details
- Year built
- 1958
- Floors in Building
- 2
- Number of units
- 2
Listing agency
EXP Realty, LLC
(608) 838-1377
Listed by
Ferraro Real Estate Team
(608) 838-1377
Added: Jul 22 Checked: Jul 23 at 10:06AM
MLS# 2025023
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.
A well-cared-for duplex offering 1,500 square feet of living space in each unit. Each unit features three bedrooms, updated bathrooms, beautiful hardwood floors, and large eat-in kitchens. The lower unit has been completely remodeled with new flooring, a fully gutted and updated bathroom, modern light fixtures, and fresh interior paint. Utilities are on separate meters for each unit, and laundry is located in the basement.
The property is zoned B-2 and is located at 1-3 Mechanic Street in Edgerton, WI (Rock County). Roof, gutters, and downspouts were replaced in 2025, and fascia was replaced in 2016.
This configuration supports a variety of occupancy and income approaches, including renting both units or occupying one while leasing the other.
The property is zoned B-2 and is located at 1-3 Mechanic Street in Edgerton, WI (Rock County). Roof, gutters, and downspouts were replaced in 2025, and fascia was replaced in 2016.
This configuration supports a variety of occupancy and income approaches, including renting both units or occupying one while leasing the other.
Key Highlights
- Commercial‑zoned duplex with two separate units, each offering 1,500 SF of living space
- Lower unit completely remodeled with new flooring, fully gutted and updated bathroom, modern light fixtures, and fresh interior paint
- Each unit has 3 bedrooms, hardwood floors, updated bathrooms, and large eat‑in kitchens
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 | $41.4k | $13.80 |
| − Vacancy | −$1.9k | −$0.62 |
| EGI | $39.5k | $13.18 |
| − OpEx | −$11.9k | −$3.95 |
| NOI | $27.7k | $9.23 |
3,000 SF · lease $13.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$395.4K
$346.0K – $461.3K
NOI $27,676 @ 7.0% cap · market cap 6.92%
Second Best
Apartment 5plus
$347.6K
$304.1K – $405.5K
NOI $24,330 @ 7.0% cap · market cap 6.08%
Theoretical Best
Office A
$720.9K
$630.8K – $841.1K
NOI $50,465 @ 7.0% cap · market cap 12.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Duplex with three-bedroom units, separate utilities, and recent exterior and interior updates, including a remodeled lower level.
Where is this duplex located?
The property is located at 1-3 Mechanic Street Edgerton, WI.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Commercial‑zoned duplex with two separate units, each offering 1,500 SF of living space; Lower unit completely remodeled with new flooring, fully gutted and updated bathroom, modern light fixtures, and fresh interior paint; Each unit has 3 bedrooms, hardwood floors, updated bathrooms, and large eat‑in kitchens
