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    Updated Turn-Key Duplex Title is generated by Realmo AI

    312 University Street, Elk Mound, WI 54739

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    Claim this Listing
    New
    For Sale
    $209,500

    MULTI_FAMILY - Elk Mound, WI

    Property size:
    1,408 SF
    Lot size:
    0.68 Acres
    Price / SF:
    $148/SF
    Added:
    May 31, 2026
    Days on Market:
    7
    Last Refresh:
    Jun 6 at 1:06 am

    Property Features for 312 University Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Rooms
    Basement
    Parking features
    Driveway
    Patio and Porch features
    Deck
    Appliances
    Dryer, ElectricWaterHeater, Oven, Range, Refrigerator, Washer
    Standard status
    Active
    APN
    1712122811263100009
    Size
    1,408 SF
    Lot size
    0.68 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    2660

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Radiant, Hot Water(Heating)
    Water source
    Public

    Building Details

    Year built
    1911
    Number of units
    2
    Building materials
    Stucco
    Additional Structures
    Barn(s)

    We can help!

    Listing Contact
    Andy Yakesh~ The Yakesh Team

    Listing agent Andy Yakesh~ The Yakesh Team License #76832-94

    Listing office C21 Affiliated 3149 Meadowlark Lane, Altoona, WI

    Listing date May 31, 2026

    MLS# 1601700 Listing URL

    Copyright © 2026 REALTORS® Association of Northwestern Wisconsin. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Updated duplex with appliances including washer, dryer, refrigerator, range, oven
    • Year built 1911 with stucco construction
    • Hot water (heating) and radiant heating; Electric water heater
    • Public water and public sewer
    • Includes driveway parking and a deck
    • Large lot with mature trees for privacy; includes a barn and garage

    Overview

    This updated, turn-key duplex offers a straightforward, ready-to-operate income property configuration. The home includes newer flooring and plumbing, along with updated bathrooms, helping reduce immediate maintenance concerns for an owner or operator. Outside, the property sits on a large lot with mature trees that provide privacy and a quiet, scenic setting.

    The duplex is located at 312 University Street in Elk Mound, Wisconsin. The property is across from the schools, placing it in a well-defined residential area with easy everyday access. Additional outbuildings include a barn and a garage, which can support extra storage or practical off-house needs.

    For buyers seeking a duplex in good condition with meaningful recent updates, this setup is designed for convenience. The combination of updated interior components and the included barn and garage makes it well-suited for an owner who wants a manageable asset without waiting on deferred improvements. The tree-filled lot and school-area placement may also appeal to tenants who prefer a stable neighborhood setting.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Hair Salon Auto Repair Shop Nail Salon Gym & Fitness Center Food Market Bar & Pub Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Elk Mound
    County
    Dunn
    State
    Wisconsin
    Longitude
    -91.684786
    Latitude
    44.874873

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    FAQs

    What type of property is this?
    Duplex - Turn-key duplex with updated flooring, plumbing, and bathrooms, plus barn and garage on a private, tree-lined lot.
    Where is this duplex located?
    The property is located at 312 University Street Elk Mound, WI.
    What is the asking price?
    The asking price for this property is $209,500.
    What are key features of this property?
    This property features: Updated duplex with appliances including washer, dryer, refrigerator, range, oven; Year built 1911 with stucco construction; Hot water (heating) and radiant heating; Electric water heater
    (715) 832-2222
    We can help!
    Listing Contact
    Andy Yakesh~ The Yakesh Team
    Real Estate License ID: 76832-94
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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