Updated Two-Unit Multifamily
233-235 South Street Sun Prairie, WI 53590
233-235 South Street, Sun Prairie, WI, 53590
$375,000
For Sale
$375,000
Two units with three total bedrooms and a basement with private entrance, framed for possible third unit.
Property Size2,760 SF
Price / SF$135.87
Days on Market220
Property Features for 233-235 South Street
General Information
- Standard status
- Active
- Size
- 2,760 SF
- Property subtype
- Multi Family / 2 flat-up and down
Building Details
- Year Built
- 1900
Listing agency
EXIT Realty HGM
(608) 563-2272
Listed by
John Schneider · License #73373-94
(608) 563-2272
Source
Compass
Added: Dec 14, 2025 Updated: Jul 21 at 3:23PM Checked: Jul 21 at 3:23PM
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 EXIT Realty HGM
Investment Insights
Based on property information with market context.
This well-maintained two-flat offers two separate units with a total of three bedrooms, with one bedroom in Unit 1 and two bedrooms in Unit 2. Recent improvements include a new water heater (2024), a new roof (2018), and new siding and windows (2021).
The basement includes a private entrance and is framed for potential creation of a 3rd unit or additional bedrooms and bath, with egress windows already in place.
The property is conveniently located near outdoor pools, the library, Sheehan and Angell Parks, Civic Theatre, and shopping, supporting easy access to everyday amenities.
The basement includes a private entrance and is framed for potential creation of a 3rd unit or additional bedrooms and bath, with egress windows already in place.
The property is conveniently located near outdoor pools, the library, Sheehan and Angell Parks, Civic Theatre, and shopping, supporting easy access to everyday amenities.
Key Highlights
- Sun Prairie 2‑flat with 3 total bedrooms (1 in Unit 1, 2 in Unit 2)
- Basement has a private entrance, full and partially finished, framed for potential 3rd unit or additional bedrooms and bath
- Basement includes egress windows, and there is equipment in place including forced air natural gas heating (2 furnaces)
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $38.1k | $13.80 |
| − Vacancy | −$1.9k | −$0.69 |
| EGI | $36.2k | $13.11 |
| − OpEx | −$10.9k | −$3.93 |
| NOI | $25.3k | $9.18 |
2,760 SF · lease $13.80/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$361.8K
$316.6K – $422.2K
NOI $25,329 @ 7.0% cap · market cap 6.75%
Second Best
Apartment 5plus
$318.1K
$278.3K – $371.1K
NOI $22,267 @ 7.0% cap · market cap 5.94%
Theoretical Best
Office A
$641.4K
$561.2K – $748.3K
NOI $44,896 @ 7.0% cap · market cap 11.97%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two units with three total bedrooms and a basement with private entrance, framed for possible third unit.
Where is this duplex located?
The property is located at 233-235 South Street Sun Prairie, WI.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Sun Prairie 2‑flat with 3 total bedrooms (1 in Unit 1, 2 in Unit 2); Basement has a private entrance, full and partially finished, framed for potential 3rd unit or additional bedrooms and bath; Basement includes egress windows, and there is equipment in place including forced air natural gas heating (2 furnaces)
