Duplex with Finished
2871/2873 Endive Drive, Fitchburg, WI 53711
For Sale
$724,900
Two residential units offer separate garages, in-unit laundry, and individual heat control.
Property Size2,982 SF
Price / SF$243.09
Days on Market25
Property Features for 2871/2873 Endive Drive
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Occupancy
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Amenities
Air conditioning,Balcony/patio,Dining room,Dishwasher,Family/Rec rm,Fireplace,In-unit laundry,Individual heat control,Pantry,Primary bedroom bath,Range/oven,Refrigerator,Separate Storage Unit Inc,Was
Air conditioning,Balcony/patio,Dining room,Dishwasher,Family/Rec rm,Fireplace,In-unit laundry,Individual heat control,Pantry,Primary bedroom bath,Private basement,Range/oven,Refrigerator,Separate Sto
2871
2873
1280
1702
2
Finished,Full,Poured concrete foundatn,Radon Mitigation System,Storage area,Sump pump
1970
1 Car Garage
2335
Forced air
1
3
11x11
U
15x11
13x10
No
12x15
Stone,Vinyl
Municipal sewer,Municipal water
Building Details
Year Built
Listing Agency:
Alterra Real Estate Group LLC
(608) 448-4377
Listed By:
Brunker Realty Group Northwoods
Source:
Brunkerrealtygroup
Added: Oct 13
Changed: Nov 6
Last Checked: Nov 6 at 2:01PM
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 Alterra Real Estate Group LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2020, this 2,982-square-foot duplex contains two homes with separate one-car garages. The lower residence has three bedrooms, three bathrooms, and a finished basement; the upper residence has two bedrooms and two bathrooms. Both units include in-unit laundry, air conditioning, dining space, and a fireplace. Stone and vinyl exterior finishes complete the property, which is served by municipal water and sewer.
Schools, parks, and bike paths are nearby in Fitchburg’s Terravessa neighborhood. The property is zoned residential and has remained fully rented since construction.
Schools, parks, and bike paths are nearby in Fitchburg’s Terravessa neighborhood. The property is zoned residential and has remained fully rented since construction.
Key Highlights
- 2,982‑square‑foot duplex built in 2020
- Lower unit: 3 bedrooms, 3 bathrooms, and a finished basement
- Upper unit: 2 bedrooms and 2 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,366
Cap Rate
3.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$547,320
$547.3K
Cap Rate 7%
$390,943
$390.9K
Cap Rate 9%
$304,067
$304.1K
Market Conditions
NOI Build-Up for 2,982 SF
Gross rent
$41.2K $13.80/SF
− Vacancy
−$2.1K −$0.69/SF
EGI
$39.1K $13.11/SF
− OpEx
−$11.7K −$3.93/SF
NOI
$27.4K $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%
$547,320
Cap Rate 7%
$390,943
Cap Rate 9%
$304,067
Alternative Uses
Best Use
Multifamily LT 5
$390.9K
$342.1K – $456.1K
NOI $27,366 @ 7.0% cap · market cap 3.78%
Second Best
Apartment 5plus
$343.7K
$300.7K – $401.0K
NOI $24,058 @ 7.0% cap · market cap 3.32%
Theoretical Best
Office A
$693.0K
$606.3K – $808.5K
NOI $48,507 @ 7.0% cap · market cap 6.69%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
638
Businesses Nearby
Explore this area
Business Placement
Demographics for 53711, WI
51,448
Population
23,500
Households
2.2
Avg Household Size
37
Median Age
66%
College-Educated
97%
High-School Grad
26.0 sq mi
ZIP Area
1,979
Density / Sq Mi
$101,236
Median Household Income
$55,284
Median Earnings
$1,357
Median Rent
$387,600
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Dane County, WI
Properties on Market for Duplexes in Dane County
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer separate garages, in-unit laundry, and individual heat control.
Where is this duplex located?
The property is located at 2871/2873 Endive Drive Fitchburg, WI.
What is the asking price?
The asking price for this property is $724,900.
What are key features of this property?
This property features: 2,982‑square‑foot duplex built in 2020; Lower unit: 3 bedrooms, 3 bathrooms, and a finished basement; Upper unit: 2 bedrooms and 2 bathrooms
