Duplex With Two
108-110 Tompkins Drive Monona, WI 53716
For Sale
$550,000
Owner-occupant or investor duplex with updated exteriors, two deep one-car garages, and additional flex/rec space.
Property Size2,692 SF
Price / SF$204.31
Days on Market57
Property Features for 108-110 Tompkins Drive
General Information
- Standard status
- Active
- Size
- 2,692 SF
- Property subtype
- Multi Family / Duplex-side by side
Building Details
- Year Built
- 1969
Listing Agency:
RE/MAX Preferred
(608) 849-2860
Listed By:
Peggy Acker-Farber · License #43254-90
(608) 849-2860
Source:
Compass
Added: May 29
Changed: Jul 23
Last Checked: Jul 23 at 1:35AM
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 RE/MAX Preferred
Investment Insights
Based on property information with market context.
This well-maintained duplex offers two separate units, each with an extra-deep one-car garage. The owner side includes an 18x24 family room addition and additional living space with patio doors leading to a deck and a large, landscaped backyard with a workshop shed. Both units also feature a heated 11x12 flex room off the garage that the seller used as a third bedroom on the owner side, along with a separate lower-level storage area.
Exterior improvements noted include newer siding and windows (2010), along with a roof (2009) and a newly extended concrete driveway providing ample off-street parking. Mechanical updates include water heater and central air details for each side, with the right side listing a 2013 water heater and central air added within the last two years, and the left side listing a 2008 water heater. Each unit includes an updated kitchen with newer counters, a sink, and flooring.
The property is located at 108-110 Tompkins Drive in Monona, Wisconsin, and the right side is described as ready for immediate occupancy.
Exterior improvements noted include newer siding and windows (2010), along with a roof (2009) and a newly extended concrete driveway providing ample off-street parking. Mechanical updates include water heater and central air details for each side, with the right side listing a 2013 water heater and central air added within the last two years, and the left side listing a 2008 water heater. Each unit includes an updated kitchen with newer counters, a sink, and flooring.
The property is located at 108-110 Tompkins Drive in Monona, Wisconsin, and the right side is described as ready for immediate occupancy.
Key Highlights
- Duplex built in 1969 with full basement, partially finished areas, crawl space, and poured concrete foundation
- Each unit includes an extra‑deep 1‑car garage plus a heated 11x12 flex room (used as a third bedroom on the heated flex room level)
- Updates include newer siding and windows (2010) and garage door and roof (2009)
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 | $37.1k | $13.80 |
| − Vacancy | −$1.9k | −$0.69 |
| EGI | $35.3k | $13.11 |
| − OpEx | −$10.6k | −$3.93 |
| NOI | $24.7k | $9.18 |
2,692 SF · lease $13.80/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$352.9K
$308.8K – $411.7K
NOI $24,704 @ 7.0% cap · market cap 4.49%
Second Best
Apartment 5plus
$310.3K
$271.5K – $362.0K
NOI $21,719 @ 7.0% cap · market cap 3.95%
Theoretical Best
Office A
$625.6K
$547.4K – $729.8K
NOI $43,789 @ 7.0% cap · market cap 7.96%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Owner-occupant or investor duplex with updated exteriors, two deep one-car garages, and additional flex/rec space.
Where is this duplex located?
The property is located at 108-110 Tompkins Drive Monona, WI.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Duplex built in 1969 with full basement, partially finished areas, crawl space, and poured concrete foundation; Each unit includes an extra‑deep 1‑car garage plus a heated 11x12 flex room (used as a third bedroom on the heated flex room level); Updates include newer siding and windows (2010) and garage door and roof (2009)
