Two-Story Duplex with
New
For Sale
$395,000
410-412 Jones Avenue, Fort Atkinson, WI 53538
MULTI_FAMILY - Fort Atkinson, WI
Property Size3,192 SF
Lot Size0.72 Acres
Price / SF$123.75
Days on Market2
Property Features for 410-412 Jones Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RES
Bedrooms
4
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bathroom 2, Bedroom 1, Bathroom 3, Bedroom 4, Bedroom 3, Bedroom 2, Bathroom 1
Parking features
Garage
Appliances
2
Elementary school
Luther
Middle school
Fort Atkinson
High school
Fort Atkinson
Elementary school district
Fort Atkinson
Middle school district
Fort Atkinson
High school district
Fort Atkinson
Directions
Main St to West on Milwaukee Ave to Left on Walton St to Right on Jones Ave to sign.
Subdivision
FORT ATKINSON - C
Standard status
Active
APN
22605140442018
Lot size
0.72 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6074
Utilities
Heating system
Radiant
Amenities
fireplace
in-unit laundry
dishwasher
ductless A/C
Building Details
Year built
1868
Floors in Building
2
Number of units
2
Listing Agency:
EXP Realty, LLC
(608) 838-1377
Listed By:
Ferraro Real Estate Team
(608) 838-1377
Added: Aug 4
Changed: Aug 5
Last Checked: Aug 5 at 10:06PM
MLS# 2029651
Copyright © 2026 REALTORS® Association of South Central Wisconsin. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-story duplex contains approximately 3,192 square feet across two residential units on a .72-acre city lot. The lower unit is vacant and includes 2 bedrooms, 1.5 bathrooms, approximately 1,708 square feet, a fireplace, in-unit laundry, and access to the full basement. The upper unit provides 2 bedrooms, 1 bathroom, approximately 1,484 square feet, and is currently leased; its layout may accommodate a third bedroom by adding a closet.
Property features include a new roof, ductless A/C, separate gas and electric meters, dishwashers, and separate laundry facilities. An oversized 3-car garage provides additional parking and storage. The property has a wood exterior, municipal water and sewer, and RES zoning. The duplex can also be converted back into a single-family home.
Property features include a new roof, ductless A/C, separate gas and electric meters, dishwashers, and separate laundry facilities. An oversized 3-car garage provides additional parking and storage. The property has a wood exterior, municipal water and sewer, and RES zoning. The duplex can also be converted back into a single-family home.
Key Highlights
- Approximately 3,192 square feet across two units
- Vacant lower unit with 2 bedrooms, 1.5 bathrooms, and approximately 1,708 square feet
- Upper unit includes 2 bedrooms, 1 bathroom, and approximately 1,484 square feet
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 | $51.7k | $16.20 |
| − Vacancy | −$3.4k | −$1.05 |
| EGI | $48.3k | $15.15 |
| − OpEx | −$14.5k | −$4.54 |
| NOI | $33.8k | $10.60 |
3,192 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$483.5K
$423.1K – $564.1K
NOI $33,844 @ 7.0% cap · market cap 8.57%
Second Best
Apartment 5plus
$428.0K
$374.5K – $499.3K
NOI $29,958 @ 7.0% cap · market cap 7.58%
Theoretical Best
Office A
$749.2K
$655.6K – $874.1K
NOI $52,446 @ 7.0% cap · market cap 13.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
510
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Separate gas and electric meters support the two-unit configuration.
Where is this duplex located?
The property is located at 410-412 Jones Avenue Fort Atkinson, WI.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Approximately 3,192 square feet across two units; Vacant lower unit with 2 bedrooms, 1.5 bathrooms, and approximately 1,708 square feet; Upper unit includes 2 bedrooms, 1 bathroom, and approximately 1,484 square feet
