Updated Duplex with Attached
280 Martin Drive Unit 282 Fredonia, WI 53021
280 Martin Drive Unit 282, Fredonia, WI, 53021
$329,900
For Sale
$329,900
Each unit features 2 bedrooms and 1 bath, with updated kitchens and baths plus attached garage and additional parking.
Property Size910 SF
Price / SF$362.53
Days on Market41
Property Features for 280 Martin Drive Unit 282
General Information
- Standard status
- Active
- Size
- 910 SF
- Property subtype
- Two-Family / Two Family
Building Details
- Year Built
- 1977
Listing agency
Berkshire Hathaway HomeServices Metro Realty
(262) 483-4784
Listed by
Barbara A Beattie · License #56595-90
(262) 483-4784
Source
Compass
Added: Jun 12 Updated: Jul 21 at 11:02PM Checked: Jul 22 at 10:44AM
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 updated duplex offers two separate 2-bedroom, 1-bath units. Each unit includes a desirable basement with washer and dryer, and both kitchens and bathrooms have been updated. The property also features electrical and plumbing updates (2019), new water heaters (2017), a new one-layer roof (2008), and an attached 1-car garage along with additional parking.
The duplex is located at 280 Martin Drive, Unit 282, Fredonia, WI 53021. It can be rented as two units or used as an owner-occupied setup with rental income from the second unit.
With two independently configured living spaces, the layout supports straightforward residential income or owner-occupant options.
The duplex is located at 280 Martin Drive, Unit 282, Fredonia, WI 53021. It can be rented as two units or used as an owner-occupied setup with rental income from the second unit.
With two independently configured living spaces, the layout supports straightforward residential income or owner-occupant options.
Key Highlights
- Duplex built in 1977 with 2 units, each offering 2 bedrooms and 1 full bath
- Updated kitchen and bathroom finishes in each unit
- Full, block basement with washer/dryer
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 | $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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Each unit features 2 bedrooms and 1 bath, with updated kitchens and baths plus attached garage and additional parking.
Where is this duplex located?
The property is located at 280 Martin Drive Unit 282 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: Duplex built in 1977 with 2 units, each offering 2 bedrooms and 1 full bath; Updated kitchen and bathroom finishes in each unit; Full, block basement with washer/dryer
