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2-Unit Duplex with Flexible Layout
New
For Sale
$129,900

511 North Main Street, Lake Mills, WI 53551

Lake Mills, WI

Property Size2,292 SF
Lot Size0.34 Acres
Price / SF$56.68
Days on Market3

Property Features for 511 North Main Street

General Information

Property type Residential
Property subtype Duplex
Standard status Active
Size 2,292 SF
Lot size 0.34 Acres

Building Details

Year built 1900
Listing Agency: NextHome Success
Listed By: Carolyn Fox
Added: Oct 21 Changed: Oct 22 Last Checked: Oct 23 at 3:06AM
MLS# 1985656

Copyright © 2026 NextHome, Inc. 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.

This two-story duplex contains 2,292 square feet across two apartments. The larger unit has three bedrooms, one and a half baths, a formal dining room, and main-floor laundry. The second apartment has one bedroom and a full bath, with its own kitchen and living room.

Built in 1900, the property sits on a 0.34-acre lot. Repairs are needed, and the sale is subject to an as-is condition.

Key Highlights

  • Two apartments: one with 3 bedrooms and 1 1/2 baths; the other with 1 bedroom and 1 full bath
  • 2,292 square feet in a two‑story building
  • 0.34‑acre lot

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 apartments offer distinct bedroom counts and separate kitchens and living areas.
Where is this duplex located?
The property is located at 511 North 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 apartments: one with 3 bedrooms and 1 1/2 baths; the other with 1 bedroom and 1 full bath; 2,292 square feet in a two‑story building; 0.34‑acre lot
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