Updated Duplex with Private
For Sale
$250,000
503 West Rollin Street, Edgerton, WI 53534
Two-unit duplex with updated interiors, in-unit laundry in the lower unit, and a new roof completed in 2025.
Property Size1,950 SF
Price / SF$128.21
Days on Market207
Property Features for 503 West Rollin Street
General Information
Standard status
Active
Size
1,950 SF
Property subtype
Multi Family / 2 flat-up and down
Zoning
Res
Occupancy
100%
Net Operating Income
$23,200
Additional Details
Business Included
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,326
Amenities
Full, Other foundation
Natural Gas
Forced air
Tenant Personal Property
2 Stoves/Ovens, 2 Refrigerator
1
2
Other
Building Details
Year Built
1897
Units
2
Tenancy
Multi
Listing Agency:
EXP Realty, LLC
Listed By:
Jo Ferraro Real Estate Team
(608) 838-1377
Source:
Compass
Added: Feb 10
Changed: Aug 8
Last Checked: Jul 20 at 7:11PM
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 EXP Realty, LLC
Investment Insights
Based on property information with market context.
This duplex offers two separate units with a number of recent improvements. The upper unit has updated flooring, fresh paint, and new light fixtures. The lower unit features a private basement with in-unit laundry and additional storage. A new roof was completed in 2025.
Per the provided information, the lower unit is occupied by a long-term tenant and is currently leased at $1,200 per month. The upper unit is leased at $1,400 per month on a month-to-month basis.
For buyers seeking a property with existing income and multiple updates already in place, this duplex presents a straightforward, turnkey configuration with distinct unit amenities and a roof replacement scheduled and completed within the last year.
Per the provided information, the lower unit is occupied by a long-term tenant and is currently leased at $1,200 per month. The upper unit is leased at $1,400 per month on a month-to-month basis.
For buyers seeking a property with existing income and multiple updates already in place, this duplex presents a straightforward, turnkey configuration with distinct unit amenities and a roof replacement scheduled and completed within the last year.
Key Highlights
- Duplex built in 1897 with natural gas forced‑air heating
- New roof completed in 2025
- Lower unit includes private basement with in‑unit laundry and additional storage
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$17,989
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.20%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$359,780
$359.8K
Cap Rate 7%
$256,986
$257.0K
Cap Rate 9%
$199,878
$199.9K
Market Conditions
NOI Build-Up for 1,950 SF
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.
Gross rent
$26.9K $13.80/SF
− Vacancy
−$1.2K −$0.62/SF
EGI
$25.7K $13.18/SF
− OpEx
−$7.7K −$3.95/SF
NOI
$18.0K $9.23/SF
Area
Rock County, WI
Vacancy
4.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$359,780
Cap Rate 7%
$256,986
Cap Rate 9%
$199,878
Alternative Uses
Best Use
Multifamily LT 5
$257.0K
$224.9K – $299.8K
NOI $17,989 @ 7.0% cap · market cap 7.20%
Second Best
Apartment 5plus
$225.9K
$197.7K – $263.6K
NOI $15,815 @ 7.0% cap · market cap 6.33%
Theoretical Best
Office A
$468.6K
$410.0K – $546.7K
NOI $32,802 @ 7.0% cap · market cap 13.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
320
Businesses Nearby
Explore this area
Business Placement
Demographics for 53534, WI
12,752
Population
5,982
Households
2.1
Avg Household Size
42
Median Age
33%
College-Educated
94%
High-School Grad
85.2 sq mi
ZIP Area
150
Density / Sq Mi
$94,250
Median Household Income
$53,109
Median Earnings
$1,102
Median Rent
$280,100
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 - Two-unit duplex with updated interiors, in-unit laundry in the lower unit, and a new roof completed in 2025.
Where is this duplex located?
The property is located at 503 West Rollin Street Edgerton, 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: Duplex built in 1897 with natural gas forced‑air heating; New roof completed in 2025; Lower unit includes private basement with in‑unit laundry and additional storage
