Two-Unit Residential Income
105 North Harrison Street Stoughton, WI 53589
105 North Harrison Street, Stoughton, WI, 53589
$390,000
For Sale
$390,000
Two-unit property with in-unit laundry and forced-air heat, including an upstairs tenant currently in place.
Property Size1,939 SF
Price / SF$201.13
Days on Market175
Property Features for 105 North Harrison Street
General Information
- Standard status
- Active
- Size
- 1,939 SF
- Property subtype
- Multi Family / SingleFam zoned MultiFam
Building Details
- Year Built
- 1900
Listing agency
Elevate Estates Realty Co.
(608) 279-8012
Listed by
Sam Eifert · License #78772-94
(608) 279-8012
Source
Compass
Added: Jan 28 Updated: Jul 21 at 10:04PM Checked: Jul 21 at 10:04PM
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 Elevate Estates Realty Co.
Investment Insights
Based on property information with market context.
Well-maintained two-unit residential property on a sunny corner lot in Stoughton. An upstairs tenant is in place and would like to remain, offering immediate rental income for the right buyer. Recent updates include a brand-new garage with additional paving (2024), new flooring throughout (2021), and an updated kitchen in Unit 2 with new cabinets and countertops. Both units include in-unit laundry and forced-air heat, providing for straightforward future A/C installation, along with LeafGuard gutters and a serviced furnace with newer mechanicals.
The home is conveniently located near schools, parks, and downtown amenities in the Stoughton area, supporting long-term residential demand.
The building’s configuration includes two separate units with shared overall site ownership, updated interiors, and dedicated in-unit laundry and heating systems.
The home is conveniently located near schools, parks, and downtown amenities in the Stoughton area, supporting long-term residential demand.
The building’s configuration includes two separate units with shared overall site ownership, updated interiors, and dedicated in-unit laundry and heating systems.
Key Highlights
- Two‑unit property with an upstairs tenant currently in place for immediate rental income
- Each unit offers in‑unit laundry and forced‑air heat
- Recent updates include new flooring throughout (2021) and an updated kitchen in Unit 2 with new cabinets and countertops
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 | $26.8k | $13.80 |
| − Vacancy | −$1.3k | −$0.69 |
| EGI | $25.4k | $13.11 |
| − OpEx | −$7.6k | −$3.93 |
| NOI | $17.8k | $9.18 |
1,939 SF · lease $13.80/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$254.2K
$222.4K – $296.6K
NOI $17,794 @ 7.0% cap · market cap 4.56%
Second Best
Apartment 5plus
$223.5K
$195.6K – $260.7K
NOI $15,644 @ 7.0% cap · market cap 4.01%
Theoretical Best
Office A
$450.6K
$394.3K – $525.7K
NOI $31,541 @ 7.0% cap · market cap 8.09%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-unit property with in-unit laundry and forced-air heat, including an upstairs tenant currently in place.
Where is this duplex located?
The property is located at 105 North Harrison Street Stoughton, WI.
What is the asking price?
The asking price for this property is $390,000.
What are key features of this property?
This property features: Two‑unit property with an upstairs tenant currently in place for immediate rental income; Each unit offers in‑unit laundry and forced‑air heat; Recent updates include new flooring throughout (2021) and an updated kitchen in Unit 2 with new cabinets and countertops
