Renovated Duplex with Detached
20 Otto Drive Unit 18 Hartford, WI 53027
20 Otto Drive Unit 18, Hartford, WI, 53027
$389,900
For Sale
$389,900
Extensively renovated duplex with two 2-bedroom units, updated kitchens, and renovated bathrooms, plus a 1-car detached garage.
Property Size1,942 SF
Price / SF$200.77
Days on Market65
Property Features for 20 Otto Drive Unit 18
General Information
- Standard status
- Active
- Size
- 1,942 SF
- Property subtype
- Two-Family / Two Family
Building Details
- Year Built
- 1875
Listing agency
Shorewest Realtors, Inc.
(262) 689-5827
Listed by
Daniel Weber · License #50902-90
(262) 689-5827
Source
Compass
Added: May 19 Updated: Jul 21 at 2:13AM Checked: Jul 21 at 8:14AM
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 Shorewest Realtors, Inc.
Investment Insights
Based on property information with market context.
This extensively renovated duplex offers two separate residential units, each featuring 2 bedrooms and 1 full bathroom. Both units include updated kitchens and renovated bathrooms. The lower unit was remodeled down to the studs, while the upper unit received new flooring and fresh paint throughout in 2025.
Additional improvements include a new furnace and water heater in 2026, new lower-unit windows in 2025, and a roof replacement in 2020. The property is situated on a lot of over half an acre and includes a 1-car detached garage, providing outdoor space and additional storage or parking convenience.
With its updated interiors and practical on-site parking, this duplex is positioned as a move-in-ready option with flexible living or rental configuration.
Additional improvements include a new furnace and water heater in 2026, new lower-unit windows in 2025, and a roof replacement in 2020. The property is situated on a lot of over half an acre and includes a 1-car detached garage, providing outdoor space and additional storage or parking convenience.
With its updated interiors and practical on-site parking, this duplex is positioned as a move-in-ready option with flexible living or rental configuration.
Key Highlights
- Extensively renovated duplex with two 2‑bedroom units and 1 full bath per unit
- Est. total living area of 1,942 SF (4 rooms per unit)
- Lower unit fully remodeled down to the studs; upper unit has new flooring and fresh paint (2025)
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 | $31.5k | $16.20 |
| − Vacancy | −$2.0k | −$1.05 |
| EGI | $29.4k | $15.15 |
| − OpEx | −$8.8k | −$4.54 |
| NOI | $20.6k | $10.60 |
1,942 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$294.2K
$257.4K – $343.2K
NOI $20,591 @ 7.0% cap · market cap 5.28%
Second Best
Apartment 5plus
$263.9K
$230.9K – $307.9K
NOI $18,473 @ 7.0% cap · market cap 4.74%
Theoretical Best
Office A
$533.9K
$467.2K – $622.9K
NOI $37,372 @ 7.0% cap · market cap 9.59%
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 - Extensively renovated duplex with two 2-bedroom units, updated kitchens, and renovated bathrooms, plus a 1-car detached garage.
Where is this duplex located?
The property is located at 20 Otto Drive Unit 18 Hartford, WI.
What is the asking price?
The asking price for this property is $389,900.
What are key features of this property?
This property features: Extensively renovated duplex with two 2‑bedroom units and 1 full bath per unit; Est. total living area of 1,942 SF (4 rooms per unit); Lower unit fully remodeled down to the studs; upper unit has new flooring and fresh paint (2025)
