Duplex with
For Sale
$240,000
Pending
125 Edward STREET Unit 127, Burlington, WI 53105
Two apartments provide one- and two-bedroom layouts, and both tenants are on month-to-month agreements.
Property Size1,716 SF
Days on Market10
Property Features for 125 Edward STREET Unit 127
General Information
Standard status
Pending
Size
1,716 SF
Property subtype
Multi Family
Units
Unit Mix
1 x 1BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Building Details
Year Built
1901
Buildings
1
Stories
2
Listing Agency:
Exsell Experts
Listed By:
Dan Burgeson
(262) 483-0888
Source:
Exsellexperts
Added: Oct 21
Changed: Oct 28
Last Checked: Oct 28 at 4:15PM
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 Exsell Experts
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Investment Insights
Based on property information with market context.
This 1,716-square-foot, two-story duplex contains two apartments. The first has one bedroom, a full bath, a living room, and a separate dining room, along with exclusive use of the basement, which includes a washer, dryer, and storage. The second apartment has two bedrooms and one full bath. Heating is provided by a furnace in the first unit and two wall heaters in the second.
Property updates include a roof installed in 2019, two hot water heaters dating to 2012 and 2013, and two electrical panels. Both apartments are occupied under month-to-month tenancies. The property is in downtown Burlington, within minutes of restaurants, shopping, and local amenities.
Property updates include a roof installed in 2019, two hot water heaters dating to 2012 and 2013, and two electrical panels. Both apartments are occupied under month-to-month tenancies. The property is in downtown Burlington, within minutes of restaurants, shopping, and local amenities.
Key Highlights
- Two‑story duplex with 1,716 square feet
- Unit 1 has 1 bedroom, 1 full bath, separate dining and living rooms
- Unit 2 has 2 bedrooms and 1 full bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,720
Cap Rate
7.80%
Suggested Prices Based on Cap Rates
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
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 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.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,165
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two apartments provide one- and two-bedroom layouts, and both tenants are on month-to-month agreements.
Where is this duplex located?
The property is located at 125 Edward STREET Unit 127 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: Two‑story duplex with 1,716 square feet; Unit 1 has 1 bedroom, 1 full bath, separate dining and living rooms; Unit 2 has 2 bedrooms and 1 full bath
