Two-Story Duplex
3207-3209 Patty Lane Middleton, WI 53562
3207-3209 Patty Lane, Middleton, WI, 53562
$674,900
For Sale
$674,900
Two-unit, two-story duplex with updated windows and separate 1-car garages for each side.
Property Size2,448 SF
Price / SF$275.69
Days on Market19
Property Features for 3207-3209 Patty Lane
General Information
- Standard status
- Active
- Size
- 2,448 SF
- Property subtype
- Multi Family / Duplex-side by side
Building Details
- Year Built
- 1975
Listing Agency
RE/MAX Preferred
(608) 212-2000
Listed by
Acker Maly Home Team
(608) 212-2000
Source
Compass
Added: Jun 29 Checked: Jul 17 at 2:10 am
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 RE/MAX Preferred
Investment Insights
Based on property information with market context.
This classic two-story duplex offers two separate residential units at 3207–3209 Patty Lane. Each side includes 1.5 bathrooms and its own 1-car garage. The owner’s unit (3207) features three bedrooms and a living room fireplace, with stainless steel appliances, a renovated bathroom, fresh paint, new carpet upstairs, and updated white trim. The adjacent unit (3209) is configured with two bedrooms and includes updated kitchen finishes, newer LVP flooring, and updated bathrooms.
The property is described as minutes from schools, shopping, and parks. The public remarks also note updated windows for both units.
Offered for sale as a duplex, the layout supports owner occupancy while renting the other side, with a newly signed lease mentioned in the remarks.
The property is described as minutes from schools, shopping, and parks. The public remarks also note updated windows for both units.
Offered for sale as a duplex, the layout supports owner occupancy while renting the other side, with a newly signed lease mentioned in the remarks.
Key Highlights
- Two‑story duplex in Middleton built in 1975 with updated windows on both units
- Owner’s side (3207) offers 3 bedrooms, 1.5 baths, and a 1‑car garage
- Tenant side (3209) offers 2 bedrooms, 1.5 baths, and a 1‑car garage
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 | $33.8k | $13.80 |
| − Vacancy | −$1.7k | −$0.69 |
| EGI | $32.1k | $13.11 |
| − OpEx | −$9.6k | −$3.93 |
| NOI | $22.5k | $9.18 |
2,448 SF · lease $13.80/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$320.9K
$280.8K – $374.4K
NOI $22,465 @ 7.0% cap · market cap 3.33%
Second Best
Apartment 5plus
$282.1K
$246.9K – $329.2K
NOI $19,750 @ 7.0% cap · market cap 2.93%
Theoretical Best
Office A
$568.9K
$497.8K – $663.7K
NOI $39,820 @ 7.0% cap · market cap 5.90%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-unit, two-story duplex with updated windows and separate 1-car garages for each side.
Where is this duplex located?
The property is located at 3207-3209 Patty Lane Middleton, WI.
What is the asking price?
The asking price for this property is $674,900.
What are key features of this property?
This property features: Two‑story duplex in Middleton built in 1975 with updated windows on both units; Owner’s side (3207) offers 3 bedrooms, 1.5 baths, and a 1‑car garage; Tenant side (3209) offers 2 bedrooms, 1.5 baths, and a 1‑car garage
