Conjoined Duplex-Style
For Sale
$7,500,000
1324-1368 South Main Street, Lake Mills, WI 53551
23-unit multifamily portfolio with open-concept layouts and conjoined duplex-style buildings.
Property Size4,128 SF
Price / SF$1,816
Days on Market98
Property Features for 1324-1368 South Main Street
General Information
Standard status
Active
Size
4,128 SF
Property subtype
Multi Family / Duplex-side by side
Zoning
R3-12
Net Operating Income
$393,178
Additional Details
Multifamily Units
23
Taxes and HOA fees
Annual Taxes
$105,812
Amenities
Natural Gas
Forced air
Water Softeners
23 Stoves, 23 Microwaves, 23 Dishwashers, 23 Refrigerators, 23 Washers, 23 Dryers
23
Vinyl, Wood, Stone
Building Details
Year Built
2023
Units
23
Listing Agency:
Best Realty of Edgerton
Listed By:
Kyle Carrier · License #58216-90
(608) 449-3630
Source:
Compass
Added: Jun 1
Changed: Aug 8
Last Checked: Jul 23 at 10:36AM
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 Best Realty of Edgerton
Investment Insights
Based on property information with market context.
This 23-unit multifamily property is arranged across six conjoined duplex-style buildings, consisting of five four-unit buildings and one three-unit building. Unit interiors feature open-concept floor plans, a spacious primary bedroom suite with a walk-in closet and a walk-in shower, solid surface countertops, and low-maintenance luxury vinyl plank flooring. The residences are finished with quality materials throughout, designed to support straightforward, day-to-day rental operations.
The property is located less than 30 miles from Madison and under 60 miles from Milwaukee. It sits adjacent to the Glacial Drumlin State Trail and is described as being near schools, parks, a golf course, and downtown-area amenities, creating a lifestyle-driven tenant experience for both residents and commuters.
For investors and operators, this is a well-defined income-oriented asset with consistent unit programming across multiple conjoined duplex-style buildings. The combination of open-concept living areas, walk-in primary suite features, and durable flooring and surfaces can be attractive for tenant turn management and rentability in a commuter-friendly, amenity-accessible setting. Please refer to the associated documents for financial information and additional property details.
The property is located less than 30 miles from Madison and under 60 miles from Milwaukee. It sits adjacent to the Glacial Drumlin State Trail and is described as being near schools, parks, a golf course, and downtown-area amenities, creating a lifestyle-driven tenant experience for both residents and commuters.
For investors and operators, this is a well-defined income-oriented asset with consistent unit programming across multiple conjoined duplex-style buildings. The combination of open-concept living areas, walk-in primary suite features, and durable flooring and surfaces can be attractive for tenant turn management and rentability in a commuter-friendly, amenity-accessible setting. Please refer to the associated documents for financial information and additional property details.
Key Highlights
- 23 multifamily units across six buildings: five 4‑unit buildings and one 3‑unit building
- Built in 2023 with conjoined duplex‑style residential design
- Each unit includes open‑concept floor plans and a primary bedroom suite with walk‑in closet and walk‑in shower
Property Analytics
Property Profile
Current Use
Lease Details
23
Residential units
Location Intelligence
Trade Area within ½ mile
46
Businesses Nearby
Explore this area
Business Placement
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
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Frequently Asked Questions
What type of property is this?
Apartment building - 23-unit multifamily portfolio with open-concept layouts and conjoined duplex-style buildings.
Where is this apartment building located?
The property is located at 1324-1368 South Main Street Lake Mills, WI.
What is the asking price?
The asking price for this property is $7,500,000.
What are key features of this property?
This property features: 23 multifamily units across six buildings: five 4‑unit buildings and one 3‑unit building; Built in 2023 with conjoined duplex‑style residential design; Each unit includes open‑concept floor plans and a primary bedroom suite with walk‑in closet and walk‑in shower
