Janesville Duplex Investment
306-308 West Centre Street Footville, WI 53537
306-308 West Centre Street, Footville, WI, 53537
$259,900
For Sale
$259,900
Spacious 3-bedroom units near downtown Janesville.
Property Size2,402 SF
Price / SF$108.20
Days on Market80
Property Features for 306-308 West Centre Street
General Information
- Standard status
- Active
- Size
- 2,402 SF
- Property subtype
- Multi Family / 2 flat-up and down
Building Details
- Year Built
- 1900
Listing agency
Artisan Graham Real Estate
(920) 723-1886
Listed by
Brandon Housley · License #83024-94
(920) 723-1886
Source
Compass
Added: May 4 Updated: Jul 10 at 1:43PM Checked: Jul 22 at 6:16AM
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 Artisan Graham Real Estate
Investment Insights
Based on property information with market context.
This upper/lower duplex on Center Avenue in Janesville presents a significant investment opportunity. The property features two separate, spacious 3-bedroom units. Each unit is equipped with separate utilities, hardwood floors, updated kitchens, and vinyl windows. The location is near downtown Janesville, providing convenient access to numerous restaurants, a hospital, the Rock River, various businesses, and bus routes. The property size is 2402 square feet.
Key Highlights
- Great investment opportunity as an upper/lower duplex.
- Two spacious 3‑bedroom units.
- Separate utilities for each unit.
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 | $33.1k | $13.80 |
| − Vacancy | −$1.5k | −$0.62 |
| EGI | $31.7k | $13.18 |
| − OpEx | −$9.5k | −$3.95 |
| NOI | $22.2k | $9.23 |
2,402 SF · lease $13.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$316.6K
$277.0K – $369.3K
NOI $22,159 @ 7.0% cap · market cap 8.53%
Second Best
Apartment 5plus
$278.3K
$243.5K – $324.7K
NOI $19,480 @ 7.0% cap · market cap 7.50%
Theoretical Best
Office A
$577.2K
$505.1K – $673.4K
NOI $40,405 @ 7.0% cap · market cap 15.55%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Spacious 3-bedroom units near downtown Janesville.
Where is this duplex located?
The property is located at 306-308 West Centre Street Footville, WI.
What is the asking price?
The asking price for this property is $259,900.
What are key features of this property?
This property features: Great investment opportunity as an upper/lower duplex.; Two spacious 3‑bedroom units.; Separate utilities for each unit.
