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Duplex with Renovated Unit
For Sale
$489,900

100 Thomas Place, Arena, WI 53503

Multi Family, Arena, WI

Property SizeContact for details
Lot Size0.30 Acres
Days on Market18

Property Features for 100 Thomas Place

General Information

Property type Residential Multi Family
Property subtype Other
Zoning Res
Bedrooms 6
Bathrooms 4
Full bathrooms 4
Rooms Bedroom 2, Bedroom 5, Bathroom 4, Bedroom 1, Bathroom 2, Bedroom 4, Bedroom 3, Bathroom 1, Bedroom 6, Bathroom 3
Parking features Garage
Appliances 2
Elementary school River Valley
Middle school River Valley
High school River Valley
Elementary school district River Valley
Middle school district River Valley
High school district River Valley
Directions From Madison Hwy 14 West to Arena, Right on Village Edge Road, Right on Thomas Place.
Subdivision ARENA - V
Standard status Active
APN 251010249.06
Lot size 0.30 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 6102

Utilities

Heating system Forced Air

Building Details

Year built 1997
Number of units 2
Listing Agency: Great Rock Realty LLC
Listed By: Keith Schulz · License #5725690
Added: Sep 27 Changed: Oct 14 Last Checked: Oct 14 at 4:06PM
MLS# 2032846

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.

This 1997 duplex sits on a 0.3-acre lot and has garage parking and forced-air heat. The vacant residence has new flooring, a new kitchen with appliances, fresh paint, updated lighting and window coverings, and new central air. The other residence is occupied and in good overall condition, with its original cabinetry and light fixtures. Both sides have newer roofs and furnaces, replaced in 2017, and water heaters installed in 2026. The property is zoned Res.

Key Highlights

  • Two‑unit duplex on a 0.3‑acre lot
  • Vacant residence updated with new flooring, kitchen, appliances, paint, lighting, window coverings, and central air
  • Other residence is occupied and in good overall condition

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Electrical Service Auto Repair Shop Grocery & Convenience Store Storage Facility Hair Salon Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

48
Businesses Nearby

Demographics for 53503, WI

1,923
Population
879
Households
2.2
Avg Household Size
43
Median Age
26%
College-Educated
94%
High-School Grad
56.4 sq mi
ZIP Area
34
Density / Sq Mi
$85,900
Median Household Income
$47,431
Median Earnings
$975
Median Rent
$229,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - One residence is vacant and updated, while the other is occupied and in good overall condition.
Where is this duplex located?
The property is located at 100 Thomas Place Arena, WI.
What is the asking price?
The asking price for this property is $489,900.
What are key features of this property?
This property features: Two‑unit duplex on a 0.3‑acre lot; Vacant residence updated with new flooring, kitchen, appliances, paint, lighting, window coverings, and central air; Other residence is occupied and in good overall condition
More about this property
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