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Waterfront Triplex with Boathouse
For Sale
Contact for pricing

2224 Hwy 51, Stoughton, WI 53589

Three separate dwelling units with lake frontage, a pier, and a boathouse for storage or watercraft.

Property SizeContact for details
Days on Market160

Property Features for 2224 Hwy 51

General Information

Standard status Active
Total Parking Spaces 5
Property subtype Multifamily
Zoning RES

Additional Details

Multifamily Units 3

Amenities

boat house
pier
patio
fireplace
mature trees
flower beds

Building Details

Year Built 1956
Units 3
Tenancy Multi
Listing Agency: RE/MAX Preferred
Listed By: Gina Marie John · License #54202-90
Source: Crexi
Added: Mar 25 Changed: Aug 30 Last Checked: Aug 31 at 8:36AM

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 1956 triplex includes a primary residence and two additional one-bedroom, one-bath units. The main dwelling features a kitchen with substantial cabinet and counter space, a bright dining area, a large living room with a floor-to-ceiling stone fireplace, and a full bath with a walk-in shower. Lower-level amenities include family or recreation space, a half bath, and a changing room. The two secondary units have new carpet and established tenants.

The property extends along 51 feet of Lake Kegonsa shoreline and includes a pier, boathouse, and lakeside patio. Mature trees, established plantings, and flower beds contribute to the outdoor setting. RES zoning and the three-unit configuration support the property’s documented residential income use.

Key Highlights

  • Three independent dwelling units, including two 1‑bedroom, 1‑bath units
  • 51 feet of Lake Kegonsa frontage
  • Pier and boathouse included

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
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

324
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
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Frequently Asked Questions

What type of property is this?
Triplex - Three separate dwelling units with lake frontage, a pier, and a boathouse for storage or watercraft.
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 $1,199,900.
What are key features of this property?
This property features: Three independent dwelling units, including two 1‑bedroom, 1‑bath units; 51 feet of Lake Kegonsa frontage; Pier and boathouse included
More about this property
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