Two-Story Duplex with
For Sale
$240,000
125 Edward St, Burlington, WI 53105
Two separate residences offer distinct layouts, tenant flexibility, and updated major systems in a downtown setting.
Property Size1,716 SF
Price / SF$139.86
Days on Market18
Property Features for 125 Edward St
General Information
Standard status
Active
Size
1,716 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 1BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Building Details
Year Built
1901
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
Keller Williams Realty-Milwaukee Southwest
(262) 443-0030
Listed By:
Realty Executives Southeast
(262) 443-0030
Source:
Therealestatestudiowi
Added: Aug 14
Changed: Aug 31
Last Checked: Aug 26 at 12:59PM
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 Keller Williams Realty-Milwaukee Southwest
Investment Insights
Based on property information with market context.
This 1,716-square-foot duplex at 125 Edward St includes two residential units within a two-story building constructed in 1901. The first unit has one bedroom, a dining room, living room, full bathroom, and private basement access with laundry and storage. The second residence provides two bedrooms and one full bathroom.
Recent property improvements include a roof installed in 2019, two hot water heaters added in 2012 and 2013, and two newer electrical panels. Heating is divided by unit, with a furnace serving the first residence and two wall heaters serving the second. Both tenants occupy the property on month-to-month arrangements. The building is located in Downtown Burlington, near restaurants, shopping, and local amenities.
Recent property improvements include a roof installed in 2019, two hot water heaters added in 2012 and 2013, and two newer electrical panels. Heating is divided by unit, with a furnace serving the first residence and two wall heaters serving the second. Both tenants occupy the property on month-to-month arrangements. The building is located in Downtown Burlington, near restaurants, shopping, and local amenities.
Key Highlights
- 1,716‑square‑foot two‑story duplex built in 1901
- Unit 1 includes 1 bedroom, dining room, living room, full bath, and basement access
- Unit 2 offers 2 bedrooms and 1 full bath
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
$18,720
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
7.80%
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%
$374,400
$374.4K
Cap Rate 7%
$267,429
$267.4K
Cap Rate 9%
$208,000
$208.0K
Market Conditions
NOI Build-Up for 1,716 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
$27.8K $16.20/SF
− Vacancy
−$1.1K −$0.62/SF
EGI
$26.7K $15.58/SF
− OpEx
−$8.0K −$4.68/SF
NOI
$18.7K $10.91/SF
Area
Racine County, WI
Vacancy
3.80%
Lease Rate
$16.20 /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%
$374,400
Cap Rate 7%
$267,429
Cap Rate 9%
$208,000
Alternative Uses
Best Use
Multifamily LT 5
$267.4K
$234.0K – $312.0K
NOI $18,720 @ 7.0% cap · market cap 7.80%
Second Best
Apartment 5plus
$233.0K
$203.9K – $271.8K
NOI $16,309 @ 7.0% cap · market cap 6.80%
Theoretical Best
Office A
$412.7K
$361.1K – $481.4K
NOI $28,886 @ 7.0% cap · market cap 12.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,165
Businesses Nearby
Explore this area
Business Placement
Demographics for 53105, WI
29,654
Population
12,995
Households
2.3
Avg Household Size
44
Median Age
28%
College-Educated
94%
High-School Grad
159.5 sq mi
ZIP Area
186
Density / Sq Mi
$88,798
Median Household Income
$48,254
Median Earnings
$1,029
Median Rent
$295,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences offer distinct layouts, tenant flexibility, and updated major systems in a downtown setting.
Where is this duplex located?
The property is located at 125 Edward St Burlington, WI.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: 1,716‑square‑foot two‑story duplex built in 1901; Unit 1 includes 1 bedroom, dining room, living room, full bath, and basement access; Unit 2 offers 2 bedrooms and 1 full bath
