Updated Brick Duplex with Commercial
For Sale
$495,000
217 S Fourth St, Stoughton, WI 53589
Updated commercial-zoned duplex combines restored character with flexible lower-level office or retail potential.
Property Size1,852 SF
Price / SF$267.28
Days on Market81
Property Features for 217 S Fourth St
General Information
Standard status
Active
Size
1,852 SF
Property subtype
Multi-Family
Building Details
Year Built
1918
Listing Agency:
Century 21 Affiliated
Listed By:
Dawn Johnson
(608) 317-9786
Source:
Nikolicgroup
Added: Jul 26
Changed: Oct 6
Last Checked: Oct 7 at 5:16PM
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 Century 21 Affiliated
Investment Insights
Based on property information with market context.
Built in 1918, this solid brick duplex contains two rental units with extensive updates, including electrical wiring, kitchens, plumbing, a porch, and a balcony. Original oak flooring, trim, and woodwork preserve the building’s vintage character, complemented by select leaded-glass windows. The lower residence includes a natural fireplace and basement access with a washer and dryer.
Located in Stoughton’s Historic Business District, the property also offers commercial flexibility. The first level can be converted back to office or retail use, subject to buyer verification. New landscaping completes the exterior presentation, while Commercial zoning supports the property’s broader use profile.
Located in Stoughton’s Historic Business District, the property also offers commercial flexibility. The first level can be converted back to office or retail use, subject to buyer verification. New landscaping completes the exterior presentation, while Commercial zoning supports the property’s broader use profile.
Key Highlights
- Two rental units in a solid brick building constructed in 1918
- Updated electrical wiring, kitchens, plumbing, porch, and balcony
- Original oak flooring, trim, and woodwork with leaded‑glass windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,996
Cap Rate
3.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$339,920
$339.9K
Cap Rate 7%
$242,800
$242.8K
Cap Rate 9%
$188,844
$188.8K
Market Conditions
NOI Build-Up for 1,852 SF
Gross rent
$25.6K $13.80/SF
− Vacancy
−$1.3K −$0.69/SF
EGI
$24.3K $13.11/SF
− OpEx
−$7.3K −$3.93/SF
NOI
$17.0K $9.18/SF
Area
Dane County, WI
Vacancy
5.00%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$339,920
Cap Rate 7%
$242,800
Cap Rate 9%
$188,844
Alternative Uses
Best Use
Multifamily LT 5
$242.8K
$212.5K – $283.3K
NOI $16,996 @ 7.0% cap · market cap 3.43%
Second Best
Apartment 5plus
$213.5K
$186.8K – $249.0K
NOI $14,942 @ 7.0% cap · market cap 3.02%
Theoretical Best
Office A
$430.4K
$376.6K – $502.1K
NOI $30,126 @ 7.0% cap · market cap 6.09%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
601
Businesses Nearby
Explore this area
Business Placement
Demographics for 53589, WI
19,888
Population
9,014
Households
2.2
Avg Household Size
45
Median Age
40%
College-Educated
96%
High-School Grad
85.0 sq mi
ZIP Area
234
Density / Sq Mi
$93,509
Median Household Income
$52,809
Median Earnings
$1,150
Median Rent
$318,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Updated commercial-zoned duplex combines restored character with flexible lower-level office or retail potential.
Where is this duplex located?
The property is located at 217 S Fourth St Stoughton, WI.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Two rental units in a solid brick building constructed in 1918; Updated electrical wiring, kitchens, plumbing, porch, and balcony; Original oak flooring, trim, and woodwork with leaded‑glass windows
