Six-Unit Multifamily
108 North Main Street Edgerton, WI 53534
108 North Main Street, Edgerton, WI, 53534
$775,000
For Sale
$775,000
Six-unit multifamily property with off-street parking, multiple recent upgrades, and private storage plus smart laundry.
Property Size4,465 SF
Price / SF$173.57
Days on Market125
Property Features for 108 North Main Street
General Information
- Standard status
- Active
- Size
- 4,465 SF
- Property subtype
- Multi Family / Apartment building
Building Details
- Year Built
- 1915
Listing agency
EXP Realty, LLC
(608) 482-4040
Listed by
Carson Crist · License #87259-94
(608) 482-4040
Source
Compass
Added: Mar 20 Updated: Jul 22 at 3:16AM Checked: Jul 22 at 3:16AM
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 EXP Realty, LLC
Investment Insights
Based on property information with market context.
This six-unit multifamily property includes off-street parking and is fully rented. Updates noted in the offering include a new roof, newly paved parking lot, a USPS locked mailbox, a security system with live view on an app, hand railing, and an upgraded key system. Unit improvements and modifications are also referenced. Tenants have access to locked private storage units, smart laundry, and individually marked parking spaces.
The property is located on North Main Street in Edgerton, WI. The area is described as being approximately 30 minutes south of Madison and about 20 minutes north of Janesville, which may appeal to commuters between the two cities.
The property is located on North Main Street in Edgerton, WI. The area is described as being approximately 30 minutes south of Madison and about 20 minutes north of Janesville, which may appeal to commuters between the two cities.
Key Highlights
- Six‑unit multifamily with off‑street parking and is fully rented
- Annual income over $90,000
- Recent updates include new roof and newly paved parking lot
Local Financial Insights For Apartment 5plus
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 | $68.6k | $15.36 |
| − Vacancy | −$2.7k | −$0.61 |
| EGI | $65.8k | $14.75 |
| − OpEx | −$29.6k | −$6.64 |
| NOI | $36.2k | $8.11 |
4,465 SF · lease $15.36/SF/yr · vacancy 4.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$517.3K
$452.7K – $603.5K
NOI $36,212 @ 7.0% cap · market cap 4.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.07M
$938.9K – $1.25M
NOI $75,108 @ 7.0% cap · market cap 9.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
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FAQs
What type of property is this?
Apartment building - Six-unit multifamily property with off-street parking, multiple recent upgrades, and private storage plus smart laundry.
Where is this apartment building located?
The property is located at 108 North Main Street Edgerton, WI.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: Six‑unit multifamily with off‑street parking and is fully rented; Annual income over $90,000; Recent updates include new roof and newly paved parking lot
