Side-by-Side
For Sale
$445,000
105-107 West Garfield Street, Mount Horeb, WI 53572
Two attached residential units offer walkout lower levels, fireplaces, laundry equipment, and a one-car garage.
Property Size2,036 SF
Price / SF$218.57
Days on Market261
Property Features for 105-107 West Garfield Street
General Information
Standard status
Active
Size
2,036 SF
Total Parking Spaces
1
Property subtype
Multi Family / Duplex-side by side
Zoning
Res
Occupancy
100%
Units
Unit Mix
2 x 2BR/1.5BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,156
Amenities
Full, Full size windows/Exposed, Walkout to yard, Finished, Poured concrete foundatn
Natural Gas
Other
2 washers and 2 dryers
2 refrigerators, 2 dishwashers, 2 stove/ovens, 2 water softeners
2
Brick, Vinyl
Building Details
Year Built
1966
Units
2
Tenancy
Multi
Listing Agency:
Restaino & Associates
(608) 347-9828
Listed By:
Heidi Kopras · License #71284-94
(608) 347-9828
Source:
Compass
Added: Dec 13, 2025
Changed: Aug 30
Last Checked: Aug 30 at 5:54PM
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 Restaino & Associates
Investment Insights
Based on property information with market context.
This side-by-side duplex contains two 2-bedroom, 1.5-bath units in a 1966 building with brick and vinyl exterior finishes. Each unit includes a brick fireplace with a new insert, a finished lower level, full-size windows, and a walkout to the yard. Lower-level amenities include a family room, half bath, and laundry area, while the property also has a poured concrete foundation and natural gas service.
The property at 105-107 West Garfield Street in Mount Horeb includes one one-car garage. Both units are currently tenant occupied, and showings require 24-hour notice. The tenant in unit 105 is scheduled to move out at the end of January, creating an owner-occupancy option within the existing duplex configuration.
The property is equipped with two washers, two dryers, two refrigerators, two dishwashers, two stove/ovens, and two water softeners. Residential zoning is identified as Res.
The property at 105-107 West Garfield Street in Mount Horeb includes one one-car garage. Both units are currently tenant occupied, and showings require 24-hour notice. The tenant in unit 105 is scheduled to move out at the end of January, creating an owner-occupancy option within the existing duplex configuration.
The property is equipped with two washers, two dryers, two refrigerators, two dishwashers, two stove/ovens, and two water softeners. Residential zoning is identified as Res.
Key Highlights
- Side‑by‑side duplex with two 2‑bedroom, 1.5‑bath units
- Both units feature brick fireplaces with new inserts
- Finished lower levels include family rooms, half baths, and laundry areas
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$18,684
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.20%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$373,680
$373.7K
Cap Rate 7%
$266,914
$266.9K
Cap Rate 9%
$207,600
$207.6K
Market Conditions
NOI Build-Up for 2,036 SF
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.
Gross rent
$28.1K $13.80/SF
− Vacancy
−$1.4K −$0.69/SF
EGI
$26.7K $13.11/SF
− OpEx
−$8.0K −$3.93/SF
NOI
$18.7K $9.18/SF
Area
Dane County, WI
Vacancy
5.00%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$373,680
Cap Rate 7%
$266,914
Cap Rate 9%
$207,600
Alternative Uses
Best Use
Multifamily LT 5
$266.9K
$233.6K – $311.4K
NOI $18,684 @ 7.0% cap · market cap 4.20%
Second Best
Apartment 5plus
$234.7K
$205.3K – $273.8K
NOI $16,426 @ 7.0% cap · market cap 3.69%
Theoretical Best
Office A
$473.1K
$414.0K – $552.0K
NOI $33,119 @ 7.0% cap · market cap 7.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
394
Businesses Nearby
Explore this area
Business Placement
Demographics for 53572, WI
10,549
Population
4,032
Households
2.6
Avg Household Size
41
Median Age
47%
College-Educated
97%
High-School Grad
99.1 sq mi
ZIP Area
106
Density / Sq Mi
$104,604
Median Household Income
$55,945
Median Earnings
$1,243
Median Rent
$381,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two attached residential units offer walkout lower levels, fireplaces, laundry equipment, and a one-car garage.
Where is this duplex located?
The property is located at 105-107 West Garfield Street Mount Horeb, WI.
What is the asking price?
The asking price for this property is $445,000.
What are key features of this property?
This property features: Side‑by‑side duplex with two 2‑bedroom, 1.5‑bath units; Both units feature brick fireplaces with new inserts; Finished lower levels include family rooms, half baths, and laundry areas
