Updated Side-by-Side Ranch
For Sale
$449,900
Pending
505 N Votech Dr, Watertown, WI 53098
Two-unit layout includes separate utility meters, a deck, and main-floor living.
Property Size2,244 SF
Days on Market24
Property Features for 505 N Votech Dr
General Information
Standard status
Pending
Size
2,244 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$4,830
Amenities
yard
deck
Building Details
Buildings
1
Stories
1
Construction
ranch
Tenancy
Multi
Listing Agency:
Realty Executives Platinum
(920) 539-5392
Listed By:
Bradley Kuenzi · License #5109990
(920) 539-5392
Source:
Exprealty
Added: Jul 13
Changed: Aug 3
Last Checked: Aug 3 at 8:20AM
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 Realty Executives Platinum
Investment Insights
Based on property information with market context.
This 2,244-square-foot duplex is configured as two side-by-side ranch units, with living areas arranged on the main floor. Recent improvements include replacement windows, updated flooring, and a renovated bathroom. Separate utility meters support distinct utility accounting for each unit.
The property also offers a spacious yard and an outdoor deck, adding usable exterior space to the residential income property. Located at 505 N Votech Dr in Watertown, Wisconsin, the duplex provides a practical configuration for an owner-occupant or investment owner.
The property also offers a spacious yard and an outdoor deck, adding usable exterior space to the residential income property. Located at 505 N Votech Dr in Watertown, Wisconsin, the duplex provides a practical configuration for an owner-occupant or investment owner.
Key Highlights
- 2,244‑square‑foot side‑by‑side ranch duplex
- Recent updates include windows, flooring, and a bathroom renovation
- Separate utility meters for the two units
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 | $29.6k | $13.20 |
| − Vacancy | −$983 | −$0.44 |
| EGI | $28.6k | $12.76 |
| − OpEx | −$8.6k | −$3.83 |
| NOI | $20.0k | $8.93 |
2,244 SF · lease $13.20/SF/yr · vacancy 3.32% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$286.4K
$250.6K – $334.1K
NOI $20,046 @ 7.0% cap · market cap 4.46%
Second Best
Apartment 5plus
$265.4K
$232.3K – $309.7K
NOI $18,580 @ 7.0% cap · market cap 4.13%
Theoretical Best
Office A
$487.5K
$426.5K – $568.7K
NOI $34,123 @ 7.0% cap · market cap 7.58%
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
81
Businesses Nearby
Explore this area
Business Placement
Demographics for 53098, WI
11,562
Population
4,753
Households
2.4
Avg Household Size
47
Median Age
17%
College-Educated
93%
High-School Grad
101.6 sq mi
ZIP Area
114
Density / Sq Mi
$73,147
Median Household Income
$36,156
Median Earnings
$1,100
Median Rent
$239,700
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 layout includes separate utility meters, a deck, and main-floor living.
Where is this duplex located?
The property is located at 505 N Votech Dr Watertown, WI.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: 2,244‑square‑foot side‑by‑side ranch duplex; Recent updates include windows, flooring, and a bathroom renovation; Separate utility meters for the two units
