Well-Maintained Duplex
1607-1609 Park Middleton Wi 53562 Middleton, WI 53562
1607-1609 Park Middleton Wi 53562, Middleton, WI, 53562
$490,000
For Sale
$490,000
Duplex offers two large bedrooms per unit, full unfinished basement with laundry hookups, and tenants pay utilities.
Property Size1,800 SF
Price / SF$272.22
Days on Market95
Property Features for 1607-1609 Park Middleton Wi 53562
General Information
- Standard status
- Active
- Size
- 1,800 SF
- Property subtype
- Multi Family / 1 story
Building Details
- Year Built
- 999
Listing agency
Bunbury & Assoc, REALTORS
(608) 577-7526
Listed by
Liz Leonard · License #64255-94
(608) 577-7526
Source
Compass
Added: Apr 19 Updated: Jul 20 at 8:54PM Checked: Jul 21 at 6:39AM
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 Bunbury & Assoc, REALTORS
Investment Insights
Based on property information with market context.
This well-maintained duplex on a corner lot features two bedrooms on each side, along with sizable kitchens and living rooms. Each unit includes one full bathroom. Exterior improvements include low-maintenance vinyl siding, and both sides share access to a full, unfinished basement with laundry hookups and ample storage space.
The property is located in Middleton near Elm Lawn Elementary School, with restaurants, retail, and grocery shopping within walking distance.
From a practical occupancy standpoint, tenants are responsible for gas, electric, water, and sewer. Showings are scheduled to begin during the open house weekend on Saturday, May 9 from 11:00am–1:00pm and Sunday, May 10 from 11:00am–1:00pm.
The property is located in Middleton near Elm Lawn Elementary School, with restaurants, retail, and grocery shopping within walking distance.
From a practical occupancy standpoint, tenants are responsible for gas, electric, water, and sewer. Showings are scheduled to begin during the open house weekend on Saturday, May 9 from 11:00am–1:00pm and Sunday, May 10 from 11:00am–1:00pm.
Key Highlights
- Duplex with 2 large bedrooms per unit, plus sizeable kitchens and living rooms
- Each unit has 1 full bath
- Full, unfinished poured‑concrete basement with laundry hook‑ups and lots of storage
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 | $24.8k | $13.80 |
| − Vacancy | −$1.2k | −$0.69 |
| EGI | $23.6k | $13.11 |
| − OpEx | −$7.1k | −$3.93 |
| NOI | $16.5k | $9.18 |
1,800 SF · lease $13.80/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$236.0K
$206.5K – $275.3K
NOI $16,519 @ 7.0% cap · market cap 3.37%
Second Best
Apartment 5plus
$207.5K
$181.5K – $242.0K
NOI $14,522 @ 7.0% cap · market cap 2.96%
Theoretical Best
Office A
$418.3K
$366.0K – $488.0K
NOI $29,280 @ 7.0% cap · market cap 5.98%
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 - Duplex offers two large bedrooms per unit, full unfinished basement with laundry hookups, and tenants pay utilities.
Where is this duplex located?
The property is located at 1607-1609 Park Middleton Wi 53562 Middleton, WI.
What is the asking price?
The asking price for this property is $490,000.
What are key features of this property?
This property features: Duplex with 2 large bedrooms per unit, plus sizeable kitchens and living rooms; Each unit has 1 full bath; Full, unfinished poured‑concrete basement with laundry hook‑ups and lots of storage
