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3-Bedroom Duplex Investment
For Sale
Contact for pricing
Pending

613-615 Topeka Dr, Lake Mills, WI 53551

Two 3-bedroom units feature 2 baths, with a walkout to a spacious backyard and existing rental occupancy.

Property SizeContact for details
Days on Market149

Property Features for 613-615 Topeka Dr

General Information

Standard status Pending
Property subtype Multifamily

Additional Details

Multifamily Units 2
Listing Agency: RE/MAX Community Realty
Listed By: Heidi Kabat · License #WI 90-57182
Source: Crexi
Added: Apr 11 Changed: Sep 5 Last Checked: Sep 1 at 8:57PM

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 RE/MAX Community Realty

Investment Insights

Based on property information with market context.

This duplex includes two separate residential units, each configured with three bedrooms and two bathrooms. The lower level has a full bath, a third bedroom, and a large family room with a walkout door to the spacious back yard. Unit 615 has newer flooring, and a new water heater has been installed in unit 613. The property is described as needing some updates, presenting a value-add opportunity for an investor or owner-occupant.

Showings have been suspended. The duplex is offered for sale in Lake Mills, WI.

Unit 613 is rented on a month-to-month basis at $1,000 per month. Unit 615 has an existing rental agreement through 8-31-2020, at $950 per month, with the tenant mowing the lawn and shoveling in the winter.

Key Highlights

  • Duplex with two 3‑bedroom units, each offering 2 baths and approximately 1,300+ sq ft of living space
  • Unit 613 is on a month‑to‑month rental with $1,000/mo rent
  • Unit 615 has a rental agreement through 8‑31‑2020 with $950/mo rent; tenant mows the lawn and shovels in winter

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Electrical Service Auto Parts Store Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

154
Businesses Nearby

Demographics for 53551, WI

8,920
Population
4,048
Households
2.2
Avg Household Size
41
Median Age
45%
College-Educated
96%
High-School Grad
39.6 sq mi
ZIP Area
225
Density / Sq Mi
$89,841
Median Household Income
$53,503
Median Earnings
$1,089
Median Rent
$322,700
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Two 3-bedroom units feature 2 baths, with a walkout to a spacious backyard and existing rental occupancy.
Where is this duplex located?
The property is located at 613-615 Topeka Dr Lake Mills, WI.
What are key features of this property?
This property features: Duplex with two 3‑bedroom units, each offering 2 baths and approximately 1,300+ sq ft of living space; Unit 613 is on a month‑to‑month rental with $1,000/mo rent; Unit 615 has a rental agreement through 8‑31‑2020 with $950/mo rent; tenant mows the lawn and shovels in winter
(920) 650-0065 Call to check price and availability
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