Two-Unit
For Sale
$500,000
130 N 12th Pl, Whitewater, WI 53190
Separate utility meters, in-unit laundry and assigned garage stalls serve both residences.
Property Size2,800 SF
Price / SF$178.57
Days on Market12
Property Features for 130 N 12th Pl
General Information
Standard status
Active
Size
2,800 SF
Property subtype
Residential Income
Occupancy
100%
Site & Location
Road Access
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 3BR/1.5BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,755
Amenities
private laundry
central air
raised deck
storage
Listing Agency:
Redfin Corporation
(414) 982-1336
Listed By:
Melissa Nelson
(262) 939-9422
Source:
Exprealty
Added: Sep 25
Changed: Oct 1
Last Checked: Oct 5 at 8:40PM
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 Redfin Corporation
Investment Insights
Based on property information with market context.
At 130 N 12th Pl in Whitewater, this 2,800-square-foot duplex contains two 1,400-square-foot residences arranged side by side. Each has three bedrooms, one and a half bathrooms, private laundry and central air. Newer appliances and LVP flooring are installed in both units, and the lower levels have been renovated. The divided two-car garage provides one stall per residence; the wide driveway adds room for three to four more vehicles. A raised deck with a privacy partition separates the outdoor areas, with storage space below.
The property is fully occupied. Tenants cover all utilities, and separate gas and electric meters serve the units. The building sits on a partially fenced corner lot at the end of a dead-end street, with no through traffic.
The property is fully occupied. Tenants cover all utilities, and separate gas and electric meters serve the units. The building sits on a partially fenced corner lot at the end of a dead-end street, with no through traffic.
Key Highlights
- Two side‑by‑side units, each measuring 1,400 sq ft
- Both residences have 3 bedrooms, 1.5 bathrooms, private laundry and central air
- Separate gas and electric meters; tenants pay all utilities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,164
Cap Rate
6.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$603,280
$603.3K
Cap Rate 7%
$430,914
$430.9K
Cap Rate 9%
$335,156
$335.2K
Market Conditions
NOI Build-Up for 2,800 SF
Gross rent
$45.4K $16.20/SF
− Vacancy
−$2.3K −$0.81/SF
EGI
$43.1K $15.39/SF
− OpEx
−$12.9K −$4.62/SF
NOI
$30.2K $10.77/SF
Area
Walworth County, WI
Vacancy
5.00%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$603,280
Cap Rate 7%
$430,914
Cap Rate 9%
$335,156
Alternative Uses
Best Use
Multifamily LT 5
$430.9K
$377.1K – $502.7K
NOI $30,164 @ 7.0% cap · market cap 6.03%
Second Best
Apartment 5plus
$400.9K
$350.8K – $467.7K
NOI $28,061 @ 7.0% cap · market cap 5.61%
Theoretical Best
Specialty Retail
$540.4K
$472.8K – $630.4K
NOI $37,825 @ 7.0% cap · market cap 7.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
347
Businesses Nearby
Explore this area
Business Placement
Demographics for 53190, WI
19,459
Population
8,331
Households
2.3
Avg Household Size
27
Median Age
35%
College-Educated
90%
High-School Grad
130.8 sq mi
ZIP Area
149
Density / Sq Mi
$59,598
Median Household Income
$17,627
Median Earnings
$990
Median Rent
$247,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Separate utility meters, in-unit laundry and assigned garage stalls serve both residences.
Where is this duplex located?
The property is located at 130 N 12th Pl Whitewater, WI.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Two side‑by‑side units, each measuring 1,400 sq ft; Both residences have 3 bedrooms, 1.5 bathrooms, private laundry and central air; Separate gas and electric meters; tenants pay all utilities
