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Lakefront 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 Market52

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 Bedroom 3, Bedroom 2, Bathroom 1, Bedroom 4, Bathroom 4, Bedroom 1, Bathroom 2, Bathroom 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

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: Oct 7 Last Checked: Oct 14 at 1:06AM
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 triplex sits on a 0.49-acre RES-zoned parcel with 51 feet of Lake Kegonsa frontage. The main dwelling includes a kitchen, dining area, living room with a stone fireplace, and a main-floor bathroom. Its lower level has a family room, half bath, and changing room. Each of the other two units has one bedroom, one bathroom, and an upper-level loft; Unit 2 has a long-term tenant.

A boathouse, pier, and lakeside patio are part of the property. The shoreline setting also includes mature trees, plantings, and flower beds.

Key Highlights

  • Three independent dwelling units
  • 51 feet of Lake Kegonsa frontage
  • 0.49‑acre parcel zoned RES

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 dwellings include a main residence and two loft units on Lake Kegonsa.
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; 51 feet of Lake Kegonsa frontage; 0.49‑acre parcel zoned RES
More about this property
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