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Two-Unit Duplex on Oversized Lot
New
For Sale
$129,900

511 N Main Street, Lake Mills, WI 53551

Multi Family, Lake Mills, WI

Property SizeContact for details
Lot Size0.34 Acres
Days on Market2

Property Features for 511 N Main Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning R2
Bedrooms 4
Bathrooms 3
Full bathrooms 2
Half bathrooms 1
Rooms Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bathroom 1, Bathroom 2
Parking features Driveway
Elementary school Lake Mills
Middle school Lake Mills
High school Lake Mills
Elementary school district Lake Mills Area
Middle school district Lake Mills Area
High school district Lake Mills Area
Directions I94 to Lake Mills, exit 259, to property on right
Subdivision LAKE MILLS - C
Standard status Active
APN 246-0713-1233-012
Lot size 0.34 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 3251

Utilities

Heating system Radiant

Building Details

Year built 1900
Floors in Building 2
Number of units 2
Listing Agency: NextHome Success · Century 21 Real Estate
Listed By: Carolyn Fox
Added: Oct 21 Changed: Oct 22 Last Checked: Oct 22 at 11:06PM
MLS# 2035116

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.

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Investment Insights

Based on property information with market context.

Built in 1900, this duplex contains two residences: one with three bedrooms, a living room, formal dining room, kitchen, 1.5 baths, and main-floor laundry; the other has one bedroom, a living room, kitchen, and a full bath. Radiant heat and driveway parking serve the property. The building is offered in as-is condition and needs work.

The property occupies a 0.34-acre lot at 511 N Main Street in Lake Mills, Wisconsin, and is zoned R2. The lot has room for a potential garage, as described in the property information.

Key Highlights

  • Two‑unit layout with three‑bedroom and one‑bedroom residences
  • 0.34‑acre lot with room for a potential garage
  • Three‑bedroom unit includes 1.5 baths and main‑floor laundry

Property Analytics

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Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

424
Businesses Nearby

Demographics for 53551, WI

8,920
Population
4,048
Households
2.2
Avg Household Size
41
Median Age
45%
College-Educated
96%
High-School Grad
39.6 sq mi
ZIP Area
225
Density / Sq Mi
$89,841
Median Household Income
$53,503
Median Earnings
$1,089
Median Rent
$322,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Duplex - Two residences provide distinct layouts, including a larger home with main-floor laundry and a smaller one-bedroom unit.
Where is this duplex located?
The property is located at 511 N Main Street Lake Mills, WI.
What is the asking price?
The asking price for this property is $129,900.
What are key features of this property?
This property features: Two‑unit layout with three‑bedroom and one‑bedroom residences; 0.34‑acre lot with room for a potential garage; Three‑bedroom unit includes 1.5 baths and main‑floor laundry
More about this property
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