Three-Bedroom Duplex with
For Sale
Contact for pricing
68 E Ash Ln, Milton, WI 53563
Contemporary two-unit rental property with efficient layouts and attached parking for each residence.
Property Size2,805 SF
Price / SF$206.74
Days on Market147
Property Features for 68 E Ash Ln
General Information
Standard status
Active
Size
2,805 SF
Property subtype
Multifamily
Occupancy
100%
Investment Type
Stabilized
Net Operating Income
$33,952
Additional Details
Average Monthly Rent
$2,200
Highway Access
Yes
Building Details
Year Built
2026
Buildings
1
Stories
2
Units
2
Tenancy
Multi
Listing Agency:
Next Generation Construction
(608) 774-5026
Listed By:
Chloe Mayhew · License #94939-94
Source:
Crexi
Added: Apr 6
Changed: Aug 29
Last Checked: Aug 29 at 11:39PM
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 Next Generation Construction
Investment Insights
Based on property information with market context.
This 2,805-square-foot duplex contains two contemporary residences, each offering a three-bedroom, two-bathroom layout and an attached two-car garage. Built in 2026, the property combines modern residential finishes with a configuration suited to rental housing.
Located in Milton, Wisconsin, the property provides access to Janesville, Fort Atkinson, and the I-39/90 corridor. The separate-unit design supports residential income use while giving each household dedicated garage parking and a full-size floor plan.
Located in Milton, Wisconsin, the property provides access to Janesville, Fort Atkinson, and the I-39/90 corridor. The separate-unit design supports residential income use while giving each household dedicated garage parking and a full-size floor plan.
Key Highlights
- 2,805 SF duplex built in 2026
- Two three‑bedroom, two‑bathroom residences
- Attached two‑car garage for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$25,877
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.46%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$517,540
$517.5K
Cap Rate 7%
$369,671
$369.7K
Cap Rate 9%
$287,522
$287.5K
Market Conditions
NOI Build-Up for 2,805 SF
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.
Gross rent
$38.7K $13.80/SF
− Vacancy
−$1.7K −$0.62/SF
EGI
$37.0K $13.18/SF
− OpEx
−$11.1K −$3.95/SF
NOI
$25.9K $9.23/SF
Area
Rock County, WI
Vacancy
4.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$517,540
Cap Rate 7%
$369,671
Cap Rate 9%
$287,522
Alternative Uses
Best Use
Multifamily LT 5
$369.7K
$323.5K – $431.3K
NOI $25,877 @ 7.0% cap · market cap 4.46%
Second Best
Apartment 5plus
$325.0K
$284.4K – $379.2K
NOI $22,749 @ 7.0% cap · market cap 3.92%
Theoretical Best
Office A
$674.1K
$589.8K – $786.4K
NOI $47,185 @ 7.0% cap · market cap 8.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
182
Businesses Nearby
Explore this area
Business Placement
Demographics for 53563, WI
11,503
Population
4,672
Households
2.5
Avg Household Size
42
Median Age
31%
College-Educated
96%
High-School Grad
67.0 sq mi
ZIP Area
172
Density / Sq Mi
$89,397
Median Household Income
$47,742
Median Earnings
$972
Median Rent
$270,800
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 - Contemporary two-unit rental property with efficient layouts and attached parking for each residence.
Where is this duplex located?
The property is located at 68 E Ash Ln Milton, WI.
What is the asking price?
The asking price for this property is $579,900.
What are key features of this property?
This property features: 2,805 SF duplex built in 2026; Two three‑bedroom, two‑bathroom residences; Attached two‑car garage for each unit
