Duplex with Detached
For Sale
$239,900
126 Maple Street, Evansville, WI 53536
Two residential units include a covered porch, off-street parking, and a detached garage.
Property Size1,592 SF
Price / SF$150.69
Days on Market177
Property Features for 126 Maple Street
General Information
Standard status
Active
Size
1,592 SF
Property subtype
Multi Family / 2 flat-up and down
Zoning
res
Taxes and HOA fees
Annual Taxes
$4,433
Amenities
Full, Partially finished, Other foundation
Natural Gas
Forced air
Sellers personal belongings
2 Refrigerators, 2 Stoves, 1 Washer, 1 Dryer
1
2
Vinyl
Building Details
Year Built
999
Units
2
Listing Agency:
eXp Realty
(815) 494-8232
Listed By:
Thomas Colloton · License #94001-94
(815) 494-8232
Source:
Compass
Added: Mar 6
Changed: Aug 29
Last Checked: Aug 29 at 5:00PM
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
Investment Insights
Based on property information with market context.
This duplex contains two residential units within 1592 square feet, with functional layouts and generous living areas. The property includes natural gas, forced-air heating, vinyl exterior siding, and a covered front porch. Major exterior and systems updates include new siding, a new roof, updated electrical service, newer windows, and new gutters. Interior renovation remains available for the next owner. Appliances include 2 refrigerators, 2 stoves, 1 washer, and 1 dryer.
The property is located at 126 Maple Street in Evansville, Wisconsin, near downtown, parks, schools, and local amenities. Off-street parking and a detached garage provide additional site improvements, while residential zoning is identified as res.
The property is located at 126 Maple Street in Evansville, Wisconsin, near downtown, parks, schools, and local amenities. Off-street parking and a detached garage provide additional site improvements, while residential zoning is identified as res.
Key Highlights
- Two‑unit duplex with 1592 square feet of living space
- New roof, siding, gutters, and updated electrical
- Newer windows and vinyl exterior
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
$14,687
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
6.12%
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%
$293,740
$293.7K
Cap Rate 7%
$209,814
$209.8K
Cap Rate 9%
$163,189
$163.2K
Market Conditions
NOI Build-Up for 1,592 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
$22.0K $13.80/SF
− Vacancy
−$989 −$0.62/SF
EGI
$21.0K $13.18/SF
− OpEx
−$6.3K −$3.95/SF
NOI
$14.7K $9.23/SF
Area
Rock County, WI
Vacancy
4.50%
Lease Rate
$13.80 /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%
$293,740
Cap Rate 7%
$209,814
Cap Rate 9%
$163,189
Alternative Uses
Best Use
Multifamily LT 5
$209.8K
$183.6K – $244.8K
NOI $14,687 @ 7.0% cap · market cap 6.12%
Second Best
Apartment 5plus
$184.4K
$161.4K – $215.2K
NOI $12,911 @ 7.0% cap · market cap 5.38%
Theoretical Best
Office A
$382.6K
$334.8K – $446.3K
NOI $26,780 @ 7.0% cap · market cap 11.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
342
Businesses Nearby
Explore this area
Business Placement
Demographics for 53536, WI
9,051
Population
4,092
Households
2.2
Avg Household Size
40
Median Age
33%
College-Educated
96%
High-School Grad
88.9 sq mi
ZIP Area
102
Density / Sq Mi
$83,944
Median Household Income
$54,046
Median Earnings
$927
Median Rent
$274,600
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 residential units include a covered porch, off-street parking, and a detached garage.
Where is this duplex located?
The property is located at 126 Maple Street Evansville, WI.
What is the asking price?
The asking price for this property is $239,900.
What are key features of this property?
This property features: Two‑unit duplex with 1592 square feet of living space; New roof, siding, gutters, and updated electrical; Newer windows and vinyl exterior
