Two-Unit Duplex Income
26-28 Frederick Street Belleville, WI 53508
New
For Sale
$450,000
MULTI_FAMILY - Belleville, WI
Property Size1,932 SF
Lot Size0.18 Acres
Price / SF$232.92
Days on Market3
Property Features for 26-28 Frederick Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-SH
Bedrooms
4
Bathrooms
4
Rooms
Bedroom 1, Bedroom 2, Bathroom 4, Bathroom 3, Bedroom 4, Bathroom 1, Bedroom 3, Bathroom 2
Parking features
Garage, Open
Appliances
2
Standard status
Active
APN
0508-343-6833-1
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5148
Utilities
Heating system
Forced Air
Building Details
Year built
1908
Floors in Building
2
Number of units
2
Listing Agency:
Restaino & Associates
(608) 833-7777
Listed By:
Pat Bushek
(608) 444-9777
Added: Jul 27
Changed: Jul 29
Last Checked: Jul 29 at 10:06PM
MLS# 2028964
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 two-story duplex is configured as two separate units, with each side offering two bedrooms and 1.5 bathrooms. Each unit includes a full private basement, a deck, and its own one-car garage with an opener. The primary bedroom in each unit features a private balcony and a large walk-in closet.
The property is located in Belleville, WI, in the Belleville school district. It was originally built in 1908 and later rebuilt in the 1990s after being taken down to the foundation. Within the past five years, new appliances and most mechanicals have been replaced or upgraded, and the two apartments have been freshly painted.
According to the assessor, the duplex has extensive recent improvements and is designed to function as a consistent two-unit rental setup.
The property is located in Belleville, WI, in the Belleville school district. It was originally built in 1908 and later rebuilt in the 1990s after being taken down to the foundation. Within the past five years, new appliances and most mechanicals have been replaced or upgraded, and the two apartments have been freshly painted.
According to the assessor, the duplex has extensive recent improvements and is designed to function as a consistent two-unit rental setup.
Key Highlights
- 2‑story duplex: 2 units, each with 966 SF, 2 bedrooms and 1.5 bathrooms
- Each unit includes a full private basement, deck, and 1‑car garage with opener
- Built in 1908; taken down to the foundation and rebuilt in the 1990s, per the Assessor
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 | $26.7k | $13.80 |
| − Vacancy | −$1.3k | −$0.69 |
| EGI | $25.3k | $13.11 |
| − OpEx | −$7.6k | −$3.93 |
| NOI | $17.7k | $9.18 |
1,932 SF · lease $13.80/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$253.3K
$221.6K – $295.5K
NOI $17,730 @ 7.0% cap · market cap 3.94%
Second Best
Apartment 5plus
$222.7K
$194.8K – $259.8K
NOI $15,587 @ 7.0% cap · market cap 3.46%
Theoretical Best
Office A
$449.0K
$392.8K – $523.8K
NOI $31,427 @ 7.0% cap · market cap 6.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Two-story duplex with two bedrooms per unit, private basements, decks, and a one-car garage for each side.
Where is this duplex located?
The property is located at 26-28 Frederick Street Belleville, WI.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 2‑story duplex: 2 units, each with 966 SF, 2 bedrooms and 1.5 bathrooms; Each unit includes a full private basement, deck, and 1‑car garage with opener; Built in 1908; taken down to the foundation and rebuilt in the 1990s, per the Assessor
