Two-Unit Duplex with Private
For Sale
$425,000
26-28 Frederick Street, Belleville, WI 53508
Multi Family, Belleville, WI
Property Size1,932 SF
Lot Size0.18 Acres
Price / SF$219.98
Days on Market71
Property Features for 26-28 Frederick Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-SH
Bedrooms
4
Bathrooms
4
Full bathrooms
2
Half bathrooms
2
Rooms
Bedroom 2, Bedroom 3, Bedroom 4, Bathroom 4, Bathroom 3, Bathroom 1, Bedroom 1, Bathroom 2
Parking features
Open, Garage
Appliances
2
Elementary school
Belleville
Middle school
Belleville
High school
Belleville
Elementary school district
Belleville
Middle school district
Belleville
High school district
Belleville
Directions
Hwy 69 S to Belleville to W Main St, Left on Frederick St
Subdivision
BELLEVILLE - V
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
Amenities
deck
private balcony
walk-in closet
full private basement
Building Details
Year built
1908
Floors in Building
2
Number of units
2
Buildings
1
Listing Agency:
Restaino & Associates
(608) 833-7777
Listed By:
Pat Bushek
(608) 444-9777
Added: Aug 15
Changed: Oct 24
Last Checked: Oct 24 at 3:06PM
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.
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Investment Insights
Based on property information with market context.
This two-story duplex contains two residences, each measuring 966 square feet with two bedrooms and 1.5 bathrooms. Both units have private basements, decks, a one-car garage with an opener, and a primary bedroom with a private balcony and walk-in closet. The property occupies 0.18 acres and is zoned R-SH.
The original structure dates to 1908 and was rebuilt from the foundation in the 1990s. Appliances and most mechanical systems have been replaced or upgraded within the past five years, alongside other improvements. The Belleville police station is across the street, and the property is within the Belleville school district, with commute access to Madison, Verona, and Epic.
The original structure dates to 1908 and was rebuilt from the foundation in the 1990s. Appliances and most mechanical systems have been replaced or upgraded within the past five years, alongside other improvements. The Belleville police station is across the street, and the property is within the Belleville school district, with commute access to Madison, Verona, and Epic.
Key Highlights
- Two‑story duplex with two 966‑square‑foot units
- Each unit has 2 bedrooms and 1.5 bathrooms
- Private basement, deck, and one‑car garage for each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,730
Cap Rate
4.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$354,600
$354.6K
Cap Rate 7%
$253,286
$253.3K
Cap Rate 9%
$197,000
$197.0K
Market Conditions
NOI Build-Up for 1,932 SF
Gross rent
$26.7K $13.80/SF
− Vacancy
−$1.3K −$0.69/SF
EGI
$25.3K $13.11/SF
− OpEx
−$7.6K −$3.93/SF
NOI
$17.7K $9.18/SF
Area
Dane County, WI
Vacancy
5.00%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$354,600
Cap Rate 7%
$253,286
Cap Rate 9%
$197,000
Alternative Uses
Best Use
Multifamily LT 5
$253.3K
$221.6K – $295.5K
NOI $17,730 @ 7.0% cap · market cap 4.17%
Second Best
Apartment 5plus
$222.7K
$194.8K – $259.8K
NOI $15,587 @ 7.0% cap · market cap 3.67%
Theoretical Best
Office A
$449.0K
$392.8K – $523.8K
NOI $31,427 @ 7.0% cap · market cap 7.39%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
150
Businesses Nearby
Explore this area
Business Placement
Demographics for 53508, WI
5,477
Population
2,421
Households
2.3
Avg Household Size
42
Median Age
36%
College-Educated
97%
High-School Grad
67.9 sq mi
ZIP Area
81
Density / Sq Mi
$95,577
Median Household Income
$51,021
Median Earnings
$1,002
Median Rent
$330,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences include outdoor space, a private basement, and an attached garage.
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 $425,000.
What are key features of this property?
This property features: Two‑story duplex with two 966‑square‑foot units; Each unit has 2 bedrooms and 1.5 bathrooms; Private basement, deck, and one‑car garage for each residence
