Four-Unit Apartment
801 Teutonia Drive Burlington, WI 53105
801 Teutonia Drive, Burlington, WI, 53105
$499,900
For Sale
$499,900
Quadplex with four two-bedroom, one-bath units, each with basement storage and washer/dryer, plus a one-car garage per unit.
Property Size3,612 SF
Price / SF$138.40
Days on Market141
Property Features for 801 Teutonia Drive
General Information
- Standard status
- Active
- Size
- 3,612 SF
- Property subtype
- Multi-Family / Multi-Family
Building Details
- Year Built
- 1978
Listing agency
RE/MAX Premier Properties
(262) 325-8084
Listed by
Kyle Ketterhagen · License #92109-94
(262) 325-8084
Source
Compass
Added: Mar 4 Updated: Jul 22 at 11:58PM Checked: Jul 22 at 11:58PM
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 RE/MAX Premier Properties
Investment Insights
Based on property information with market context.
This four-unit apartment building includes four two-bedroom, one-bath units. The property has a full basement with storage for each unit, caged off for convenience, and washer/dryer facilities provided for each unit. A one-car garage is included for each unit, along with a concrete driveway that offers space for an additional vehicle.
The building is located on a dead-end, quiet road in southeastern Wisconsin. Several major components have been updated over recent years, including remodeled bathrooms completed within the last 10–15 years, a roof estimated to be 10–15 years old, furnaces and A/C units estimated around 12–15 years old, and water heaters replaced as needed.
The upstairs units’ balconies and patios were redone with rubber roofing, new flashing, and composite decking, along with patio doors installed approximately 5–10 years ago. All square footage and dimensions are estimates, and the buyer should complete due diligence.
The building is located on a dead-end, quiet road in southeastern Wisconsin. Several major components have been updated over recent years, including remodeled bathrooms completed within the last 10–15 years, a roof estimated to be 10–15 years old, furnaces and A/C units estimated around 12–15 years old, and water heaters replaced as needed.
The upstairs units’ balconies and patios were redone with rubber roofing, new flashing, and composite decking, along with patio doors installed approximately 5–10 years ago. All square footage and dimensions are estimates, and the buyer should complete due diligence.
Key Highlights
- Quadplex built in 1978 with four 2‑bedroom, 1‑bath units.
- Each unit has full basement storage (caged off) and in‑unit washer/dryer.
- Low‑maintenance exterior with brick and low maintenance trim.
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 | $58.5k | $16.20 |
| − Vacancy | −$2.2k | −$0.62 |
| EGI | $56.3k | $15.58 |
| − OpEx | −$16.9k | −$4.68 |
| NOI | $39.4k | $10.91 |
3,612 SF · lease $16.20/SF/yr · vacancy 3.80% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$562.9K
$492.6K – $656.7K
NOI $39,404 @ 7.0% cap · market cap 7.88%
Second Best
Apartment 5plus
$490.4K
$429.1K – $572.1K
NOI $34,328 @ 7.0% cap · market cap 6.87%
Theoretical Best
Office A
$868.6K
$760.0K – $1.01M
NOI $60,803 @ 7.0% cap · market cap 12.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Quadplex with four two-bedroom, one-bath units, each with basement storage and washer/dryer, plus a one-car garage per unit.
Where is this quadplex located?
The property is located at 801 Teutonia Drive Burlington, 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: Quadplex built in 1978 with four 2‑bedroom, 1‑bath units.; Each unit has full basement storage (caged off) and in‑unit washer/dryer.; Low‑maintenance exterior with brick and low maintenance trim.
