Remodeled Two-Unit
604 East Oak Street Cottage Grove, WI 53527
604 East Oak Street, Cottage Grove, WI, 53527
$499,900
Pending
For Sale
$499,900
Pending
Two remodeled units, each with 2 bedrooms and 1 bath, plus attached 1-car garages and outdoor living space.
Property Size2,600 SF
Days on Market168
Property Features for 604 East Oak Street
General Information
- Standard status
- Pending
- Size
- 2,600 SF
- Property subtype
- Multi Family / Duplex-side by side
Building Details
- Year Built
- 1974
Listing agency
Conrad Development LLC
(608) 444-0064
Listed by
Jennell Jackson · License #81158-94
(608) 444-0064
Source
Compass
Added: Feb 4 Updated: Jul 21 at 12:16PM Checked: Jul 21 at 12:16PM
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 Conrad Development LLC
Investment Insights
Based on property information with market context.
This two-unit duplex features two separate residences, each offering 2 bedrooms and 1 bathroom. Both units have been remodeled with new LVP flooring, new carpet, multiple light fixtures, updated vents, and fresh paint throughout. Exterior space includes front yard area and a back deck with backyard space for each unit. Each unit also includes an attached 1-car garage and additional driveway space, along with extra storage in the backyard, under the deck, and in the shed. The only items not replaced were the appliances, and the property is being sold as-is with both units together.
Located at 604 East Oak Street in Cottage Grove, Wisconsin, the duplex is described as close to shopping, coffee shops, gyms, restaurants, and schools, with easy access to Hwy N and the Interstate.
Seller is selling both units together as an as-is sale.
Located at 604 East Oak Street in Cottage Grove, Wisconsin, the duplex is described as close to shopping, coffee shops, gyms, restaurants, and schools, with easy access to Hwy N and the Interstate.
Seller is selling both units together as an as-is sale.
Key Highlights
- Duplex built in 1974 with 2 units, each featuring 2 bedrooms and 1 bath
- Both units have been remodeled, including new LVP flooring, new carpet, multiple light fixtures, new vents, and fully painted interiors
- Each unit includes an attached 1‑car garage and extra driveway space
Local 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 | $35.9k | $13.80 |
| − Vacancy | −$1.8k | −$0.69 |
| EGI | $34.1k | $13.11 |
| − OpEx | −$10.2k | −$3.93 |
| NOI | $23.9k | $9.18 |
2,600 SF · lease $13.80/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$340.9K
$298.3K – $397.7K
NOI $23,860 @ 7.0% cap · market cap 4.77%
Second Best
Apartment 5plus
$299.7K
$262.2K – $349.6K
NOI $20,976 @ 7.0% cap · market cap 4.20%
Theoretical Best
Office A
$604.2K
$528.7K – $704.9K
NOI $42,293 @ 7.0% cap · market cap 8.46%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two remodeled units, each with 2 bedrooms and 1 bath, plus attached 1-car garages and outdoor living space.
Where is this duplex located?
The property is located at 604 East Oak Street Cottage Grove, WI.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Duplex built in 1974 with 2 units, each featuring 2 bedrooms and 1 bath; Both units have been remodeled, including new LVP flooring, new carpet, multiple light fixtures, new vents, and fully painted interiors; Each unit includes an attached 1‑car garage and extra driveway space
