Updated Duplex with Attached
For Sale
$575,000
706 Forest Edge Dr, Mazomanie, WI 53560
Two mirrored residences offer finished lower levels, private laundry, attached garages, and multiple recent improvements.
Property Size1,792 SF
Price / SF$320.87
Days on Market50
Property Features for 706 Forest Edge Dr
General Information
Standard status
Active
Size
1,792 SF
Property subtype
Multi-Family
Building Details
Year Built
1995
Listed By:
Briggs Realty Group
(608) 755-5400
Source:
Thebriggsrealtygroup
Added: Sep 11
Changed: Oct 26
Last Checked: Oct 28 at 7:44AM
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 Briggs Realty Group
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Investment Insights
Based on property information with market context.
Built in 1995, this duplex contains two matching residences, each with 3 bedrooms, 2 full baths, 1,792 square feet, main-level laundry, a full finished basement, and a 2-car attached garage. The layout provides substantial storage and separate decks. One residence has retained the same tenant since before the current owner acquired the property.
Improvements include a deck and water heater replacement on the 706 side in June 2026, a refreshed main bathroom and updated appliances, and extensive 2018 work to the 708 side. The latter included kitchen countertops and appliances, LVP flooring in key living areas, bathroom fixtures, and a washer and dryer. A new roof is scheduled for the end of September. The property is located at 706 Forest Edge Dr in Mazomanie, Wisconsin.
Improvements include a deck and water heater replacement on the 706 side in June 2026, a refreshed main bathroom and updated appliances, and extensive 2018 work to the 708 side. The latter included kitchen countertops and appliances, LVP flooring in key living areas, bathroom fixtures, and a washer and dryer. A new roof is scheduled for the end of September. The property is located at 706 Forest Edge Dr in Mazomanie, Wisconsin.
Key Highlights
- Two mirrored units, each with 3 bedrooms, 2 full baths, and 1,792 sq. ft.
- Each residence includes a full finished basement and 2‑car attached garage
- 706 side has had the same tenant since before the current owner purchased the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,445
Cap Rate
2.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$328,900
$328.9K
Cap Rate 7%
$234,929
$234.9K
Cap Rate 9%
$182,722
$182.7K
Market Conditions
NOI Build-Up for 1,792 SF
Gross rent
$24.7K $13.80/SF
− Vacancy
−$1.2K −$0.69/SF
EGI
$23.5K $13.11/SF
− OpEx
−$7.0K −$3.93/SF
NOI
$16.4K $9.18/SF
Area
Dane County, WI
Vacancy
5.00%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$328,900
Cap Rate 7%
$234,929
Cap Rate 9%
$182,722
Alternative Uses
Best Use
Multifamily LT 5
$234.9K
$205.6K – $274.1K
NOI $16,445 @ 7.0% cap · market cap 2.86%
Second Best
Apartment 5plus
$206.5K
$180.7K – $241.0K
NOI $14,458 @ 7.0% cap · market cap 2.51%
Theoretical Best
Office A
$416.4K
$364.4K – $485.8K
NOI $29,150 @ 7.0% cap · market cap 5.07%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
75
Businesses Nearby
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Business Placement
Demographics for 53560, WI
3,714
Population
1,546
Households
2.4
Avg Household Size
45
Median Age
31%
College-Educated
97%
High-School Grad
60.1 sq mi
ZIP Area
62
Density / Sq Mi
$93,516
Median Household Income
$51,892
Median Earnings
$1,068
Median Rent
$328,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two mirrored residences offer finished lower levels, private laundry, attached garages, and multiple recent improvements.
Where is this duplex located?
The property is located at 706 Forest Edge Dr Mazomanie, WI.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Two mirrored units, each with 3 bedrooms, 2 full baths, and 1,792 sq. ft.; Each residence includes a full finished basement and 2‑car attached garage; 706 side has had the same tenant since before the current owner purchased the property
