Updated Duplex with Attached
For Sale
$329,900
280 Martin Dr, Fredonia, WI 53021
Two residential units each offer two bedrooms and one bathroom, with basement laundry and additional parking.
Property Size910 SF
Price / SF$362.53
Days on Market60
Property Features for 280 Martin Dr
General Information
Standard status
Active
Size
910 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$3,702
Amenities
basement with washer/dryer
Building Details
Year Renovated
2019
Tenancy
Multi
Listing Agency:
Berkshire Hathaway HomeServices Metro Realty
(262) 483-4784
Listed By:
Barbara Beattie · License #5659590
(262) 483-4784
Source:
Exprealty
Added: Jun 7
Changed: Aug 3
Last Checked: Aug 3 at 4:36AM
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 Berkshire Hathaway HomeServices Metro Realty
Investment Insights
Based on property information with market context.
This duplex at 280 Martin Dr in Fredonia, WI contains two residential units, each configured with two bedrooms and one bathroom. The property includes an attached one-car garage, additional parking, and a basement with washer and dryer facilities. Kitchens and bathrooms have been updated, while electrical and plumbing improvements were completed in 2019.
The building has a one-layer roof installed in 2008 and water heaters replaced in 2017. Its two-unit layout supports separate occupancy arrangements, including the option to occupy one unit while leasing the other, as described in the property information.
The building has a one-layer roof installed in 2008 and water heaters replaced in 2017. Its two-unit layout supports separate occupancy arrangements, including the option to occupy one unit while leasing the other, as described in the property information.
Key Highlights
- Two units, each with 2 bedrooms and 1 bathroom
- Attached 1‑car garage plus additional parking
- Updated kitchens and bathrooms
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 | $14.9k | $16.32 |
| − Vacancy | −$818 | −$0.90 |
| EGI | $14.0k | $15.42 |
| − OpEx | −$4.2k | −$4.63 |
| NOI | $9.8k | $10.79 |
910 SF · lease $16.32/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$140.3K
$122.8K – $163.7K
NOI $9,823 @ 7.0% cap · market cap 2.98%
Second Best
Apartment 5plus
$129.3K
$113.2K – $150.9K
NOI $9,052 @ 7.0% cap · market cap 2.74%
Theoretical Best
Office A
$214.4K
$187.6K – $250.1K
NOI $15,008 @ 7.0% cap · market cap 4.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
110
Businesses Nearby
Explore this area
Business Placement
Demographics for 53021, WI
4,715
Population
1,809
Households
2.6
Avg Household Size
43
Median Age
27%
College-Educated
94%
High-School Grad
33.4 sq mi
ZIP Area
141
Density / Sq Mi
$84,083
Median Household Income
$43,705
Median Earnings
$987
Median Rent
$278,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units each offer two bedrooms and one bathroom, with basement laundry and additional parking.
Where is this duplex located?
The property is located at 280 Martin Dr Fredonia, WI.
What is the asking price?
The asking price for this property is $329,900.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 bathroom; Attached 1‑car garage plus additional parking; Updated kitchens and bathrooms
