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Versatile Oregon Property with Outbuilding

1903 County Highway MM Oregon, WI 53575

1903 County Highway MM, Oregon, WI, 53575
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3.424 acres with main house, carriage house, and outbuilding.

Property Size3,756 SF
Lot Size3.42 Acres
Price / SF$239.59
AddedMay 20
Days on Market57
Last RefreshMay 27 at 8:25 am

Property Features for 1903 County Highway MM

General Information

Standard status
Active
Size
3,756 SF
Lot size
3.42 Acres
Property subtype
Multifamily

Building Details

Year Built
2001

Listing office RE/MAX Preferred

Listing date May 20, 2026

Source Crexi

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 RE/MAX Preferred


Investment Insights

Based on property information with market context.

This property, situated near Madison and within the Oregon school district, spans 3.424 acres and offers a range of possibilities for commercial, investment, or residential use. The zoning is 'B-H Highway Business', allowing for a multitude of uses. The main house, constructed in 2001, features 3,292 square feet with 2 bedrooms (both suites) and 3.5 bathrooms. The design incorporates a Northwoods lodge aesthetic, highlighted by soaring cathedral ceilings in the great room. The layout supports single-floor living with a first-floor primary suite. There is potential to add a third or fourth bedroom in the lower level, which includes windows that may require modification. The yard is enhanced by mature landscaping, a plant bed irrigation system, and fencing. A heated two-car garage includes stairs to the basement. The house is equipped with radiant in-floor boiler heat and SpacePak forced air heat and A/C. Additionally, there is a carriage house, built in 1900, offering 464 square feet with 1 bedroom, 1 bathroom, and a combined kitchen and living space. This could serve as a guest house, separate space for relatives, or rental unit. A versatile outbuilding, measuring 150'x50', includes 5 bays, 1 larger cold storage bay, and 1 larger heated shop.

Key Highlights

  • 3.424 acre property with 'B‑H Highway Business' zoning allowing for diverse uses.
  • Main House (3,292 sf) featuring 2 bedroom suites, 3.5 baths, built in 2001, with Northwoods lodge feel.
  • 150'x50' Outbuilding with 5 bays, including cold storage and heated shop.

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 $57.7k $15.36
− Vacancy −$2.6k −$0.69
EGI $55.1k $14.67
− OpEx −$24.8k −$6.60
NOI $30.3k $8.07
3,756 SF · lease $15.36/SF/yr · vacancy 4.50% · expense 45.00%

Alternative Uses

Best Use
Apartment 5plus
$432.9K
$378.8K – $505.1K (±1% cap)
NOI $30,303 @ 7.0% cap · market cap 3.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$872.8K
$763.7K – $1.02M (±1% cap)
NOI $61,097 @ 7.0% cap · market cap 6.79%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Multifamily properties

Suggested Use

Real Estate Agency Law Firm Restaurant HVAC Service Hair Salon Auto Parts Store Dental Office Grocery & Convenience Store Big Box & Wholesale Store (Bike/Boat/Book/etc) Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Multifamily property - 3.424 acres with main house, carriage house, and outbuilding.
Where is this multifamily property located?
The property is located at 1903 County Highway MM Oregon, WI.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: 3.424 acre property with 'B‑H Highway Business' zoning allowing for diverse uses.; Main House (3,292 sf) featuring **2 bedroom suites, 3.5 baths**, built in 2001, with Northwoods lodge feel.; **150'x50' Outbuilding with 5 bays**, including cold storage and heated shop.
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