Updated 10-Unit Multifamily
1525 Kenilworth Court Stoughton, WI 53589
1525 Kenilworth Court, Stoughton, WI, 53589
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For Sale
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Well maintained, fully occupied 10-unit building with updated 2-bed units, central AC, and assigned secured basement storage.
Property Size9,120 SF
Price / SF$164.47
Days on Market79
Property Features for 1525 Kenilworth Court
General Information
- Standard status
- Active
- Size
- 9,120 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1983
Listing agency
eXp Realty
(866) 848-6990
Listed by
Sue Romens · License #59246-90
Source
Crexi
Added: May 5 Updated: Jul 21 at 4:42AM Checked: Jul 21 at 4:42AM
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 well maintained, fully occupied 10-unit apartment building offers in-place income with updated 2-bed, 1-bath units. Multiple units have newer flooring and finishes, including newer carpet, updated kitchen cabinets on 8 of 10 units, and tile flooring. Common in-unit improvements include appliances, dishwashers, garbage disposals, MagicPak gas furnaces, and central air conditioning. Outside and shared areas include newer exterior decks, assigned secured basement storage for tenants, landlord-owned commercial coin laundry (new in 2025), and tenant assigned parking included in the lease.
The property includes a landlord-owned 12x10 owner shed and two water softeners. Tenant electric is separately metered, while the owner covers water and common electric. On-site updates include asphalt parking lot replacement (2018), refreshed landscaping (2026), and newer mechanicals, with prepaid 2026 lawn care included.
Additional details are available in the MLS documents, and financial information can be provided upon request.
The property includes a landlord-owned 12x10 owner shed and two water softeners. Tenant electric is separately metered, while the owner covers water and common electric. On-site updates include asphalt parking lot replacement (2018), refreshed landscaping (2026), and newer mechanicals, with prepaid 2026 lawn care included.
Additional details are available in the MLS documents, and financial information can be provided upon request.
Key Highlights
- Well maintained, fully occupied 10‑unit apartment building (Year Built 1983) offering in‑place income
- All units are 2‑bed/1‑bath with updates including newer carpet, kitchen cabinets (8 of 10), tile flooring, and appliances
- Each unit has MagicPak gas furnaces plus central AC
Local Financial Insights For Apartment 5plus
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 | $140.1k | $15.36 |
| − Vacancy | −$6.3k | −$0.69 |
| EGI | $133.8k | $14.67 |
| − OpEx | −$60.2k | −$6.60 |
| NOI | $73.6k | $8.07 |
9,120 SF · lease $15.36/SF/yr · vacancy 4.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.05M
$919.7K – $1.23M
NOI $73,579 @ 7.0% cap · market cap 4.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.12M
$1.85M – $2.47M
NOI $148,351 @ 7.0% cap · market cap 9.89%
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?
Apartment building - Well maintained, fully occupied 10-unit building with updated 2-bed units, central AC, and assigned secured basement storage.
Where is this apartment building located?
The property is located at 1525 Kenilworth Court Stoughton, WI.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Well maintained, fully occupied 10‑unit apartment building (Year Built 1983) offering in‑place income; All units are 2‑bed/1‑bath with updates including newer carpet, kitchen cabinets (8 of 10), tile flooring, and appliances; Each unit has MagicPak gas furnaces plus central AC
