Two-Unit
New
For Sale
$265,000
417 Origen St #419, Burlington, WI 53105
Separate upper and lower apartments offer distinct layouts, with laundry hookups available in both residences.
Property Size800 SF
Price / SF$331.25
Days on Market3
Property Features for 417 Origen St #419
General Information
Standard status
Active
Size
800 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 2BR, 1 x 1BR
Multifamily Units
2
Amenities
basement access
garage access
laundry hookups
Building Details
Year Built
1901
Listing Agency:
Bear Realty Of Burlington
Listed By:
Jeff Erickson · License #7509
(262) 206-9920
Source:
Housesthatshine
Added: Oct 28
Last Checked: Oct 28 at 4:13PM
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 Bear Realty Of Burlington
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Investment Insights
Based on property information with market context.
This duplex contains two residences arranged on separate levels. The lower apartment has two bedrooms, an updated kitchen, and connections to the basement and garage. Upstairs, an open-plan layout combines the living room, kitchen, dining area, and a large bedroom. Laundry hookups are provided in both units. The property was built in 1901 and is located in Burlington, Wisconsin.
Key Highlights
- Two apartments, each with laundry hookups
- Lower unit includes 2 bedrooms and an updated kitchen
- Upper residence has an open layout with a large bedroom, living room, kitchen, and dining area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,727
Cap Rate
3.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$174,540
$174.5K
Cap Rate 7%
$124,671
$124.7K
Cap Rate 9%
$96,967
$97.0K
Market Conditions
NOI Build-Up for 800 SF
Gross rent
$13.0K $16.20/SF
− Vacancy
−$492 −$0.62/SF
EGI
$12.5K $15.58/SF
− OpEx
−$3.7K −$4.68/SF
NOI
$8.7K $10.91/SF
Area
Racine County, WI
Vacancy
3.80%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$174,540
Cap Rate 7%
$124,671
Cap Rate 9%
$96,967
Alternative Uses
Best Use
Multifamily LT 5
$124.7K
$109.1K – $145.5K
NOI $8,727 @ 7.0% cap · market cap 3.29%
Second Best
Apartment 5plus
$108.6K
$95.0K – $126.7K
NOI $7,603 @ 7.0% cap · market cap 2.87%
Theoretical Best
Office A
$192.4K
$168.3K – $224.5K
NOI $13,467 @ 7.0% cap · market cap 5.08%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,024
Businesses Nearby
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Business Placement
Demographics for 53105, WI
29,654
Population
12,995
Households
2.3
Avg Household Size
44
Median Age
28%
College-Educated
94%
High-School Grad
159.5 sq mi
ZIP Area
186
Density / Sq Mi
$88,798
Median Household Income
$48,254
Median Earnings
$1,029
Median Rent
$295,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Separate upper and lower apartments offer distinct layouts, with laundry hookups available in both residences.
Where is this duplex located?
The property is located at 417 Origen St #419 Burlington, WI.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: Two apartments, each with laundry hookups; Lower unit includes 2 bedrooms and an updated kitchen; Upper residence has an open layout with a large bedroom, living room, kitchen, and dining area
