Duplex with In-Unit
4763 North 124th Street Butler, WI 53007
For Sale
$389,000
Two-unit building with a one-bedroom first floor and upstairs rental featuring in-unit laundry and an open layout.
Property Size2,220 SF
Price / SF$175.23
Days on Market30
Property Features for 4763 North 124th Street
General Information
- Standard status
- Active
- Size
- 2,220 SF
- Property subtype
- Two-Family / Two Family
Building Details
- Year Built
- 1912
Listing Agency:
HomeWire Realty
(262) 993-5825
Listed By:
Jeffrey Munson · License #58157-94
(262) 993-5825
Source:
Compass
Added: Jun 24
Changed: Jul 22
Last Checked: Jul 23 at 11:19AM
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 HomeWire Realty
Investment Insights
Based on property information with market context.
This two-unit duplex has previously been used as a hair salon, retail sales, or an office building, and features a one-bedroom unit on the first floor. The upstairs rental offers an open floorplan and includes in-unit laundry. Reported updates include a new boiler and upgraded electrical.
The property is located in the Village of Butler on N 124th St and includes parking for four vehicles in the rear lot. Measurements are not verified by the broker/agent, and buyers are advised to rely on their own measurements.
Buyer due diligence is recommended regarding what uses are allowed per zoning. The two apartments are described as generating almost $2,000 per month in cash flow. Listing also appears in the commercial MLS as #1969004.
The property is located in the Village of Butler on N 124th St and includes parking for four vehicles in the rear lot. Measurements are not verified by the broker/agent, and buyers are advised to rely on their own measurements.
Buyer due diligence is recommended regarding what uses are allowed per zoning. The two apartments are described as generating almost $2,000 per month in cash flow. Listing also appears in the commercial MLS as #1969004.
Key Highlights
- Two‑unit building built in 1912 with brick and vinyl exterior
- First‑floor unit: 1 bedroom and 1 full bath
- Upstairs rental: 1 bedroom with an estimated 900+ SF and in‑unit laundry
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 | $38.1k | $17.16 |
| − Vacancy | −$1.7k | −$0.77 |
| EGI | $36.4k | $16.39 |
| − OpEx | −$10.9k | −$4.92 |
| NOI | $25.5k | $11.47 |
2,220 SF · lease $17.16/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$363.8K
$318.3K – $424.5K
NOI $25,467 @ 7.0% cap · market cap 6.55%
Second Best
Apartment 5plus
$336.9K
$294.8K – $393.0K
NOI $23,582 @ 7.0% cap · market cap 6.06%
Theoretical Best
Flex RnD
$1.13M
$991.4K – $1.32M
NOI $79,312 @ 7.0% cap · market cap 20.39%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two-unit building with a one-bedroom first floor and upstairs rental featuring in-unit laundry and an open layout.
Where is this duplex located?
The property is located at 4763 North 124th Street Butler, WI.
What is the asking price?
The asking price for this property is $389,000.
What are key features of this property?
This property features: Two‑unit building built in 1912 with brick and vinyl exterior; First‑floor unit: 1 bedroom and 1 full bath; Upstairs rental: 1 bedroom with an estimated 900+ SF and in‑unit laundry
