Historic Duplex Income
604 9th Baraboo, WI 53913
604 9th, Baraboo, WI, 53913
$240,000
For Sale
$240,000
Built in 1901, this duplex offers two separate rental units, with each unit currently on a month-to-month basis.
Property Size1,902 SF
Price / SF$126.18
Days on Market711
Property Features for 604 9th
General Information
- Standard status
- Active
- Size
- 1,902 SF
- Property subtype
- Multi Family / 2 story
Building Details
- Year Built
- 1901
Listing agency
Compass
(608) 556-4179
Listed by
Aaron Weber · License #56448-90
(608) 556-4179
Source
Compass
Added: Aug 10, 2024 Updated: Jul 21 at 7:50AM Checked: Jul 21 at 7:50AM
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 Compass
Investment Insights
Based on property information with market context.
This built-in-1901 duplex provides two separate rental units under one roof. The main level unit is a 2-bedroom, 1-bathroom layout with 1,058 square feet of living space. Upstairs, the second unit features 1 bedroom and 1 bathroom with 844 square feet of living space. The property is sold in “as-is” condition.
Per the current setup, each unit is rented on a month-to-month basis, which may appeal to investors seeking flexible tenancy. The duplex is located at 604 9th Avenue in Baraboo, Wisconsin.
The asset is configured as a straightforward residential income property with two independent apartments, allowing for separate occupancy within the same building.
Per the current setup, each unit is rented on a month-to-month basis, which may appeal to investors seeking flexible tenancy. The duplex is located at 604 9th Avenue in Baraboo, Wisconsin.
The asset is configured as a straightforward residential income property with two independent apartments, allowing for separate occupancy within the same building.
Key Highlights
- Duplex built in 1901 with 2 separate rental units at 604 9th Avenue, Baraboo, WI
- Main level unit: 2 bed, 1 bath with 1,058 SF of living space
- Upper unit: 1 bed, 1 bath with 844 SF of living space
Local 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 | $26.2k | $13.80 |
| − Vacancy | −$1.4k | −$0.76 |
| EGI | $24.8k | $13.04 |
| − OpEx | −$7.4k | −$3.91 |
| NOI | $17.4k | $9.13 |
1,902 SF · lease $13.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$248.0K
$217.0K – $289.4K
NOI $17,363 @ 7.0% cap · market cap 7.23%
Second Best
Apartment 5plus
$224.9K
$196.8K – $262.4K
NOI $15,742 @ 7.0% cap · market cap 6.56%
Theoretical Best
Office A
$385.0K
$336.9K – $449.2K
NOI $26,951 @ 7.0% cap · market cap 11.23%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Built in 1901, this duplex offers two separate rental units, with each unit currently on a month-to-month basis.
Where is this duplex located?
The property is located at 604 9th Baraboo, 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: Duplex built in 1901 with 2 separate rental units at 604 9th Avenue, Baraboo, WI; Main level unit: 2 bed, 1 bath with 1,058 SF of living space; Upper unit: 1 bed, 1 bath with 844 SF of living space
