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Waterfront Triplex
For Sale
Under Contract
$789,900

2224 Hwy 51, Stoughton, WI 53589

Multi Family, Stoughton, WI

Property SizeContact for details
Lot Size0.49 Acres
Days on Market15

Property Features for 2224 Hwy 51

General Information

Property type Residential Multi Family
Property subtype Other
Zoning RES
Bedrooms 4
Bathrooms 4
Full bathrooms 3
Half bathrooms 1
Rooms Bathroom 3, Bedroom 1, Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 4, Bathroom 4, Bedroom 2
Appliances 3
Elementary school Call School District
Middle school River Bluff
High school Stoughton
Elementary school district Stoughton
Middle school district Stoughton
High school district Stoughton
Directions Hwy 51 to the property, just south of Hwy AB/Hwy B roundabout
Subdivision DUNN - T
Standard status Active Under Contract
APN 061023381607
Lot size 0.49 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 9106

Utilities

Heating system Forced Air
Water front features Lake, Waterfront
Water front 1

Amenities

boat house
pier
patio
fireplace

Building Details

Year built 1956
Number of units 3
Listing Agency: Realty Executives Capital City · Realty Executives International
Listed By: Gina Marie John
Added: Aug 24 Changed: Sep 5 Last Checked: Sep 7 at 10:06PM
MLS# 2031175

Copyright © 2026 REALTORS® Association of South Central Wisconsin. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This triplex combines a primary residence with two additional upper-level apartments. The main dwelling includes a kitchen with substantial cabinet and counter space, a bright dining area with lake views, and a large living room centered on a floor-to-ceiling stone fireplace. Its lower level adds family or recreation space, a half bath, and a changing room. Each secondary unit contains one bedroom, one bathroom, and a loft area; Unit 2 has a long-term tenant and both units feature newer carpet.

Set along Lake Kegonsa at 2224 Hwy 51 in Stoughton, the property includes 51 feet of lake frontage on a 0.49-acre parcel. Exterior amenities include a patio, pier, and boathouse, with mature trees, plantings, and flower beds surrounding the site. Forced-air heating serves the property, which was built in 1956.

Key Highlights

  • Triplex with 3 independent dwelling units
  • 51 feet of Lake Kegonsa frontage on a 0.49‑acre parcel
  • Main residence includes lake‑view dining area and floor‑to‑ceiling stone fireplace

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Law Firm Dental Office Parking Lot & Garage Grocery & Convenience Store (Bike/Boat/Book/etc) Store Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

15
Businesses Nearby

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

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Three independent dwellings include a primary residence and two one-bedroom loft units.
Where is this triplex located?
The property is located at 2224 Hwy 51 Stoughton, WI.
What is the asking price?
The asking price for this property is $789,900.
What are key features of this property?
This property features: Triplex with 3 independent dwelling units; 51 feet of Lake Kegonsa frontage on a 0.49‑acre parcel; Main residence includes lake‑view dining area and floor‑to‑ceiling stone fireplace
More about this property
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