Fort Atkinson Duplex with
For Sale
$250,000
404 Grove St, Fort Atkinson, WI 53538
Well-maintained two-unit duplex with a basement laundry and detached 2-car garage near downtown and local trails.
Property Size1,352 SF
Days on Market20
Property Features for 404 Grove St
General Information
Standard status
Active
Size
1,352 SF
Total Parking Spaces
2
Property subtype
Multi Family Home
Building Details
Building Size
1,352 SF
Year Built
1890
Buildings
2
Stories
2
Tenancy
Multi
Listing Agency:
First Weber, Inc.-Cambridge
(920) 723-4923
Listed By:
Melanie Becker · License #74543-94
(920) 723-4923
Source:
Therealtycompanyllc
Added: Jul 17
Changed: Jul 30
Last Checked: Aug 5 at 1:50PM
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 First Weber, Inc.-Cambridge
Investment Insights
Based on property information with market context.
This well-maintained Fort Atkinson duplex is currently configured as a two-unit property, with the flexibility to be converted back into a spacious single-family home. Built in 1890, the main level features two bedrooms, a full bath, tall ceilings, and a large eat-in kitchen. Upstairs includes an additional bedroom, a full bath, a second kitchen, and access to a semi-finished attic that can be used for storage or expansion.
Laundry is located in the basement, and the property also includes a detached 2-car garage for parking and additional storage. The home sits on a nice lot just moments from downtown Fort Atkinson, Jones Park, and the Glacial River Trail, supporting convenient access to neighborhood amenities and outdoor recreation.
Laundry is located in the basement, and the property also includes a detached 2-car garage for parking and additional storage. The home sits on a nice lot just moments from downtown Fort Atkinson, Jones Park, and the Glacial River Trail, supporting convenient access to neighborhood amenities and outdoor recreation.
Key Highlights
- Currently configured as a two‑unit duplex with potential to convert back to a single‑family home
- Main level: two bedrooms, full bath, tall ceilings, and a large eat‑in kitchen
- Upstairs: bedroom, full bath, second kitchen, and access to a semi‑finished attic
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 | $21.9k | $16.20 |
| − Vacancy | −$1.4k | −$1.05 |
| EGI | $20.5k | $15.15 |
| − OpEx | −$6.1k | −$4.54 |
| NOI | $14.3k | $10.60 |
1,352 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$204.8K
$179.2K – $238.9K
NOI $14,335 @ 7.0% cap · market cap 5.73%
Second Best
Apartment 5plus
$181.3K
$158.6K – $211.5K
NOI $12,689 @ 7.0% cap · market cap 5.08%
Theoretical Best
Office A
$317.3K
$277.7K – $370.2K
NOI $22,214 @ 7.0% cap · market cap 8.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
456
Businesses Nearby
Explore this area
Business Placement
Demographics for 53538, WI
18,643
Population
8,444
Households
2.2
Avg Household Size
43
Median Age
26%
College-Educated
92%
High-School Grad
97.1 sq mi
ZIP Area
192
Density / Sq Mi
$80,784
Median Household Income
$44,995
Median Earnings
$967
Median Rent
$228,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained two-unit duplex with a basement laundry and detached 2-car garage near downtown and local trails.
Where is this duplex located?
The property is located at 404 Grove St Fort Atkinson, WI.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Currently configured as a two‑unit duplex with potential to convert back to a single‑family home; Main level: two bedrooms, full bath, tall ceilings, and a large eat‑in kitchen; Upstairs: bedroom, full bath, second kitchen, and access to a semi‑finished attic
