Turnkey 3-Unit Residential
1009 South 4th Street Stoughton, WI 53589
For Sale
$379,900
Pending
Well-maintained triplex offers separate gas and electric utilities, in-unit laundry, and a 2023 roof.
Property Size2,355 SF
Days on Market51
Property Features for 1009 South 4th Street
General Information
- Standard status
- Pending
- Size
- 2,355 SF
- Property subtype
- Multi Family / 2 story
Building Details
- Year Built
- 1910
Listing Agency:
Stark Company, REALTORS
(608) 345-9496
Listed By:
Ken Brenner · License #59073-90
(608) 345-9496
Source:
Compass
Added: Jun 5
Changed: Jul 25
Last Checked: Jul 25 at 11:49AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Stark Company, REALTORS
Investment Insights
Based on property information with market context.
This turnkey 3-unit residential income property is well-maintained and set up for tenant-friendly day-to-day living. Each unit has in-unit laundry, and the building features separate gas and electric utilities. Hardwood floors are present throughout much of the property, and a new roof was installed in 2023.
The address is 1009 South 4th Street in Stoughton, Wisconsin. The current offering is positioned as an income property designed to support a stable rental operation.
With three units in place, this triplex provides a straightforward residential income setup with recent roofing improvements and practical utilities separation.
The address is 1009 South 4th Street in Stoughton, Wisconsin. The current offering is positioned as an income property designed to support a stable rental operation.
With three units in place, this triplex provides a straightforward residential income setup with recent roofing improvements and practical utilities separation.
Key Highlights
- Triplex built in 1910 with aluminum/steel exterior
- New roof installed in 2023
- Each unit has in‑unit laundry, with 3 washers and 3 dryers on site
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 | $32.5k | $13.80 |
| − Vacancy | −$1.6k | −$0.69 |
| EGI | $30.9k | $13.11 |
| − OpEx | −$9.3k | −$3.93 |
| NOI | $21.6k | $9.18 |
2,355 SF · lease $13.80/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$308.7K
$270.2K – $360.2K
NOI $21,612 @ 7.0% cap · market cap 5.69%
Second Best
Apartment 5plus
$271.4K
$237.5K – $316.7K
NOI $19,000 @ 7.0% cap · market cap 5.00%
Theoretical Best
Office A
$547.3K
$478.9K – $638.5K
NOI $38,308 @ 7.0% cap · market cap 10.08%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Well-maintained triplex offers separate gas and electric utilities, in-unit laundry, and a 2023 roof.
Where is this triplex located?
The property is located at 1009 South 4th Street Stoughton, WI.
What is the asking price?
The asking price for this property is $379,900.
What are key features of this property?
This property features: Triplex built in 1910 with aluminum/steel exterior; New roof installed in 2023; Each unit has in‑unit laundry, with 3 washers and 3 dryers on site
