Updated Side-by-Side
For Sale
$474,900
221-225 North Gjertson Street, Stoughton, WI 53589
Side-by-side duplex with updated interiors, fully applianced units, and lower-level egress windows.
Property Size2,342 SF
Price / SF$202.78
Days on Market144
Property Features for 221-225 North Gjertson Street
General Information
Standard status
Active
Size
2,342 SF
Property subtype
Multi Family / Duplex-side by side
Zoning
Res
Taxes and HOA fees
Annual Taxes
$6,878
Amenities
Full, Full size windows/Exposed, Partially finished, Poured concrete foundatn, Daylight window, Lower basement laundry, Storage area
Natural Gas
Forced air
2
Vinyl, Aluminum Trim
Building Details
Year Built
1980
Units
2
Listing Agency:
Berkshire Hathaway HomeServices Matson Real Estate
Listed By:
Tom Matson · License #31409-90 573-9
(608) 873-8700
Source:
Compass
Added: Apr 17
Changed: Aug 8
Last Checked: Jul 22 at 5:34PM
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 Berkshire Hathaway HomeServices Matson Real Estate
Investment Insights
Based on property information with market context.
This side-by-side duplex includes two units with interiors that have been tastefully updated. Both units are fully applianced and feature lower level egress windows. Exterior improvements include a roof, siding, and gutters that were replaced in 2018.
The property is offered for sale as a residential income asset in Stoughton, Wisconsin. All dimensions and information provided should be verified by the buyer if deemed material to the purchase decision.
The duplex configuration provides two separate living units within one building structure, with shared exterior updates completed in 2018.
The property is offered for sale as a residential income asset in Stoughton, Wisconsin. All dimensions and information provided should be verified by the buyer if deemed material to the purchase decision.
The duplex configuration provides two separate living units within one building structure, with shared exterior updates completed in 2018.
Key Highlights
- Side‑by‑side duplex built in 1980
- Both units have tastefully updated interiors
- Roof, siding, and gutters were replaced in 2018
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$21,493
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.53%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$429,860
$429.9K
Cap Rate 7%
$307,043
$307.0K
Cap Rate 9%
$238,811
$238.8K
Market Conditions
NOI Build-Up for 2,342 SF
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.
Gross rent
$32.3K $13.80/SF
− Vacancy
−$1.6K −$0.69/SF
EGI
$30.7K $13.11/SF
− OpEx
−$9.2K −$3.93/SF
NOI
$21.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$429,860
Cap Rate 7%
$307,043
Cap Rate 9%
$238,811
Alternative Uses
Best Use
Multifamily LT 5
$307.0K
$268.7K – $358.2K
NOI $21,493 @ 7.0% cap · market cap 4.53%
Second Best
Apartment 5plus
$269.9K
$236.2K – $314.9K
NOI $18,895 @ 7.0% cap · market cap 3.98%
Theoretical Best
Office A
$544.2K
$476.2K – $634.9K
NOI $38,096 @ 7.0% cap · market cap 8.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
418
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Side-by-side duplex with updated interiors, fully applianced units, and lower-level egress windows.
Where is this duplex located?
The property is located at 221-225 North Gjertson Street Stoughton, WI.
What is the asking price?
The asking price for this property is $474,900.
What are key features of this property?
This property features: Side‑by‑side duplex built in 1980; Both units have tastefully updated interiors; Roof, siding, and gutters were replaced in 2018
