Two-Unit
For Sale
$380,000
1-3 Mechanic Street, Edgerton, WI 53534
Multi Family, Edgerton, WI
Property Size3,000 SF
Lot Size0.11 Acres
Price / SF$126.67
Days on Market100
Property Features for 1-3 Mechanic Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
B-2
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 6, Bedroom 1, Bathroom 1, Bedroom 3, Bedroom 5, Bathroom 2, Bedroom 4, Bedroom 2
Appliances
2
Elementary school
Edgerton Community
Middle school
Edgerton
High school
Edgerton
Elementary school district
Edgerton
Middle school district
Edgerton
High school district
Edgerton
Directions
Get on US-12 E/US-18 E in Madison from US-51 N. Take I-39 S/I-90 E to US-51 S/I-39 ALT/I-90 ALT in Albion. Take exit 160 from I-39 S/I-90 E.
Subdivision
EDGERTON - C
Standard status
Active
APN
221 007005
Lot size
0.11 Acres
Additional Details
Tenant in Place
Yes
Individually Metered Utilities
unspecified utilities
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5255
Utilities
Heating system
Radiant
Amenities
basement laundry
Building Details
Year built
1958
Floors in Building
2
Number of units
2
Buildings
1
Listing Agency:
EXP Realty, LLC
Listed By:
Ferraro Real Estate Team
(608) 838-1377
Added: Jul 22
Changed: Oct 28
Last Checked: Oct 29 at 10:06PM
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.
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Investment Insights
Based on property information with market context.
At 1-3 Mechanic Street, this duplex contains two full three-bedroom units totaling approximately 3,000 square feet. The lower residence has a window-lined living room, a large kitchen and dining area, and an updated bathroom. The upper unit features hardwood floors and spacious living areas, with a long-term tenant in place. Radiant heat serves the property, and the units have separate utilities. Basement laundry and storage add functional space. Built in 1958, the building received a new roof, gutters, downspouts, and lower-level windows in 2025.
The property sits on a 0.11-acre lot in Edgerton and is zoned B-2. Its two three-bedroom units and commercial zoning are notable elements of the property’s configuration.
The property sits on a 0.11-acre lot in Edgerton and is zoned B-2. Its two three-bedroom units and commercial zoning are notable elements of the property’s configuration.
Key Highlights
- Two three‑bedroom units with approximately 3,000 square feet combined
- Commercial B‑2 zoning
- Upper unit has a long‑term tenant in place
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,676
Cap Rate
7.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$553,520
$553.5K
Cap Rate 7%
$395,371
$395.4K
Cap Rate 9%
$307,511
$307.5K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$41.4K $13.80/SF
− Vacancy
−$1.9K −$0.62/SF
EGI
$39.5K $13.18/SF
− OpEx
−$11.9K −$3.95/SF
NOI
$27.7K $9.23/SF
Area
Rock County, WI
Vacancy
4.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$553,520
Cap Rate 7%
$395,371
Cap Rate 9%
$307,511
Alternative Uses
Best Use
Multifamily LT 5
$395.4K
$346.0K – $461.3K
NOI $27,676 @ 7.0% cap · market cap 7.28%
Second Best
Apartment 5plus
$347.6K
$304.1K – $405.5K
NOI $24,330 @ 7.0% cap · market cap 6.40%
Theoretical Best
Office A
$720.9K
$630.8K – $841.1K
NOI $50,465 @ 7.0% cap · market cap 13.28%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
322
Businesses Nearby
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Business Placement
Demographics for 53534, WI
12,752
Population
5,982
Households
2.1
Avg Household Size
42
Median Age
33%
College-Educated
94%
High-School Grad
85.2 sq mi
ZIP Area
150
Density / Sq Mi
$94,250
Median Household Income
$53,109
Median Earnings
$1,102
Median Rent
$280,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Commercial B-2 zoning complements two three-bedroom residences with separate utilities.
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 $380,000.
What are key features of this property?
This property features: Two three‑bedroom units with approximately 3,000 square feet combined; Commercial B‑2 zoning; Upper unit has a long‑term tenant in place
