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Waterfront Triplex with Boathouse
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 Market35

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 1, Bathroom 3, Bathroom 4, Bedroom 2, Bedroom 4, Bedroom 1, Bathroom 2, Bedroom 3
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 23 Last Checked: Sep 27 at 5:06AM
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 1956-built triplex includes three independent dwelling units on a 0.49-acre waterfront parcel. The main residence features a kitchen with substantial counter and cabinet space, a bright dining area, a large living room with a floor-to-ceiling stone fireplace, a main-level bathroom with a walk-in shower, and lower-level family and changing areas. The other two units each provide one bedroom, one bathroom, and an upper loft area. Forced-air heating serves the property.

Located at 2224 Hwy 51 in Stoughton, the property has 51 feet of Lake Kegonsa frontage, a pier, and a boathouse suitable for watercraft or outdoor storage. Mature landscaping, flower beds, and a lakeside patio add to the outdoor setting. The property is zoned RES and includes one long-term tenant in Unit 2.

Key Highlights

  • Three independent dwelling units on a 0.49‑acre parcel
  • 51 feet of Lake Kegonsa frontage with included pier
  • Boathouse provides space for watercraft or outdoor storage

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Building Supply Big Box & Wholesale Store Electrical Service Storage Facility Garden Center

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

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

What type of property is this?
Triplex - Three separate dwelling units with lake access, a pier, and flexible owner-occupant potential.
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: Three independent dwelling units on a 0.49‑acre parcel; 51 feet of Lake Kegonsa frontage with included pier; Boathouse provides space for watercraft or outdoor storage
More about this property
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