Search
Tenant-Occupied Duplex
For Sale
$160,000

307 North Monroe Street, Lancaster, WI 53813

Two-unit residential property with separate apartment configurations and existing tenant occupancy near downtown Lancaster.

Property Size2,300 SF
Price / SF$69.57
Days on Market267

Property Features for 307 North Monroe Street

General Information

Standard status Active
Size 2,300 SF
Property subtype Multi Family / 1 1/2 story
Zoning Res

Taxes and HOA fees

Annual Taxes $1,942

Amenities

Full
Natural Gas
Forced air
Seller & Tenants Personal Property, Battery Operated lights in Garage
All Appliances
2
Vinyl

Building Details

Year Built 1900
Units 2
Listing Agency: Tim Slack Auction & Realty, LLC-Lancaster
Listed By: Jennifer Oyen-Reed · License #112797-94
Source: Compass
Added: Dec 10, 2025 Changed: Sep 2 Last Checked: Aug 30 at 8:34PM

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 Tim Slack Auction & Realty, LLC-Lancaster

Investment Insights

Based on property information with market context.

This 2,300-square-foot duplex, built in 1900, contains two residential units. The smaller apartment has one bedroom and occupies the lower level. The second unit spans lower and upper levels, providing three bedrooms, two bathrooms, and an upper-level bonus area. The property includes appliances and vinyl exterior siding, with natural gas service and forced-air heat. Seller and tenant personal property, along with battery-operated lights in the garage, are included.

Located a few blocks from downtown Lancaster, the property is identified as Res zoning and is currently tenant occupied. The two-unit layout offers distinct apartment configurations within an established residential building.

Key Highlights

  • 2,300‑square‑foot duplex built in 1900
  • Two residential units with separate apartment configurations
  • One‑bedroom lower‑level apartment

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Parking Lot & Garage (Bike/Boat/Book/etc) Store Computer & Electronic Repair Cafe & Coffee Shop Electrical Service Butcher

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

371
Businesses Nearby

Demographics for 53813, WI

6,267
Population
2,430
Households
2.6
Avg Household Size
41
Median Age
25%
College-Educated
94%
High-School Grad
144.3 sq mi
ZIP Area
43
Density / Sq Mi
$80,946
Median Household Income
$45,441
Median Earnings
$803
Median Rent
$204,900
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Duplex - Two-unit residential property with separate apartment configurations and existing tenant occupancy near downtown Lancaster.
Where is this duplex located?
The property is located at 307 North Monroe Street Lancaster, WI.
What is the asking price?
The asking price for this property is $160,000.
What are key features of this property?
This property features: 2,300‑square‑foot duplex built in 1900; Two residential units with separate apartment configurations; One‑bedroom lower‑level apartment
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message