Two-Unit Duplex Income
650-652 East North Whitewater, WI 53190
650-652 East North, Whitewater, WI, 53190
$225,000
For Sale
$225,000
Vacant 2-flat duplex with original hardwood floors, large windows, a detached garage, and yard space.
Property Size1,300 SF
Price / SF$173.08
Days on Market287
Property Features for 650-652 East North
General Information
- Standard status
- Active
- Size
- 1,300 SF
- Property subtype
- Multi Family / 2 story
Building Details
- Year Built
- 1910
Listing agency
Realty Executives Premier
(608) 289-7655
Listed by
Cortney Shore · License #95833-94
(608) 289-7655
Source
Compass
Added: Oct 8, 2025 Updated: Jul 20 at 10:00PM Checked: Jul 21 at 6:09AM
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 Premier
Investment Insights
Based on property information with market context.
This 2-flat duplex offers two separate units in a classic two-story layout. Both units are currently vacant and feature large windows and original hardwood floors with historic character. A detached garage provides additional storage or workshop space, and the property also includes yard area.
The property is located at 650-652 East North in Whitewater, Wisconsin. It is being sold as-is.
For buyers looking for a value-add residential income asset, the current vacancy presents an opportunity to refresh both units and reposition the property for rental use.
The property is located at 650-652 East North in Whitewater, Wisconsin. It is being sold as-is.
For buyers looking for a value-add residential income asset, the current vacancy presents an opportunity to refresh both units and reposition the property for rental use.
Key Highlights
- Vacant 2‑flat duplex with original hardwood floors and large windows in both units
- 2 stoves, 2 refrigerators, and 2 range/ovens included
- Full basement; heating is forced air with natural gas; 2 furnaces and 2 water heaters
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 | $21.1k | $16.20 |
| − Vacancy | −$1.1k | −$0.81 |
| EGI | $20.0k | $15.39 |
| − OpEx | −$6.0k | −$4.62 |
| NOI | $14.0k | $10.77 |
1,300 SF · lease $16.20/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$200.1K
$175.1K – $233.4K
NOI $14,005 @ 7.0% cap · market cap 6.22%
Second Best
Apartment 5plus
$186.1K
$162.9K – $217.1K
NOI $13,028 @ 7.0% cap · market cap 5.79%
Theoretical Best
Specialty Retail
$250.9K
$219.5K – $292.7K
NOI $17,562 @ 7.0% cap · market cap 7.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Vacant 2-flat duplex with original hardwood floors, large windows, a detached garage, and yard space.
Where is this duplex located?
The property is located at 650-652 East North Whitewater, WI.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Vacant 2‑flat duplex with original hardwood floors and large windows in both units; 2 stoves, 2 refrigerators, and 2 range/ovens included; Full basement; heating is forced air with natural gas; 2 furnaces and 2 water heaters
