Fully Renovated Duplex With
1712-1714 Parmenter Street Middleton, WI 53562
1712-1714 Parmenter Street, Middleton, WI, 53562
$699,000
For Sale
$699,000
Turnkey renovated duplex with two 3-bedroom units, each with full kitchens and a lower-level kitchenette option.
Property Size3,600 SF
Price / SF$194.17
Days on Market21
Property Features for 1712-1714 Parmenter Street
General Information
- Standard status
- Active
- Size
- 3,600 SF
- Property subtype
- Multi Family / Duplex-side by side
Building Details
- Year Built
- 1991
Listing agency
Real Broker LLC
(608) 215-1004
Listed by
Marcie Schmidt · License #77738-94
(608) 215-1004
Source
Compass
Added: Jul 2 Updated: Jul 21 at 7:14AM Checked: Jul 21 at 7:14AM
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 Real Broker LLC
Investment Insights
Based on property information with market context.
This fully renovated duplex offers two spacious units, each featuring 3 bedrooms and 2 bathrooms. Both units include a full kitchen, and each also has a lower-level kitchenette for added flexibility. Updates include new flooring, fresh paint, new appliances, and a newly blacktopped driveway, supporting a modern, low-maintenance ownership experience. One unit is occupied by a long-term tenant, while the other is move-in ready for immediate rental income or owner occupancy.
The property is located in Middleton, within walking distance to parks, restaurants, shopping, and coffee shops, and is just one block to downtown.
For tenants or owner-occupants seeking a renovated residential income property with multiple kitchen setups, this duplex provides an established two-unit configuration with recent improvements throughout.
The property is located in Middleton, within walking distance to parks, restaurants, shopping, and coffee shops, and is just one block to downtown.
For tenants or owner-occupants seeking a renovated residential income property with multiple kitchen setups, this duplex provides an established two-unit configuration with recent improvements throughout.
Key Highlights
- 1991‑built duplex with 2 units, each with 3 bedrooms and 2 bathrooms
- Each unit includes a full kitchen; one unit also has a lower‑level kitchenette
- Extensive updates: new flooring, fresh paint, and newly blacktopped driveway
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 | $49.7k | $13.80 |
| − Vacancy | −$2.5k | −$0.69 |
| EGI | $47.2k | $13.11 |
| − OpEx | −$14.2k | −$3.93 |
| NOI | $33.0k | $9.18 |
3,600 SF · lease $13.80/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$472.0K
$413.0K – $550.6K
NOI $33,037 @ 7.0% cap · market cap 4.73%
Second Best
Apartment 5plus
$414.9K
$363.1K – $484.1K
NOI $29,044 @ 7.0% cap · market cap 4.16%
Theoretical Best
Office A
$836.6K
$732.0K – $976.0K
NOI $58,560 @ 7.0% cap · market cap 8.38%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Turnkey renovated duplex with two 3-bedroom units, each with full kitchens and a lower-level kitchenette option.
Where is this duplex located?
The property is located at 1712-1714 Parmenter Street Middleton, WI.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 1991‑built duplex with 2 units, each with 3 bedrooms and 2 bathrooms; Each unit includes a full kitchen; one unit also has a lower‑level kitchenette; Extensive updates: new flooring, fresh paint, and newly blacktopped driveway
