Well-Maintained Full
808 North Clover Lane Cottage Grove, WI 53527
808 North Clover Lane, Cottage Grove, WI, 53527
$629,900
For Sale
$629,900
Full duplex featuring in-unit laundry and separately paid utilities by tenants, with long-term residents in very clean units.
Property Size3,284 SF
Price / SF$191.81
Days on Market70
Property Features for 808 North Clover Lane
General Information
- Standard status
- Active
- Size
- 3,284 SF
- Property subtype
- Multi Family / Duplex-side by side
Building Details
- Year Built
- 1996
Listing agency
Haven Real Estate Partners
(608) 213-8242
Listed by
Jonathan Poletti · License #59287-90
(608) 213-8242
Source
Compass
Added: May 14 Updated: Jul 21 at 7:59AM Checked: Jul 21 at 7:59AM
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 Haven Real Estate Partners
Investment Insights
Based on property information with market context.
This well-maintained full duplex offers two residential units, each with in-unit laundry. The units are described as very clean, and the property includes long-term tenants with a strong rental history. Tenants pay all utilities, supporting straightforward operating expenses for an owner.
The property is located in Cottage Grove, near parks, restaurants, and shopping. Public remarks also note highly rated schools and continued local demand supported by new development, with major employer Amazon mentioned as being nearby.
As presented, this duplex is set up for immediate rental income with two distinct living spaces and utility responsibility placed on tenants.
The property is located in Cottage Grove, near parks, restaurants, and shopping. Public remarks also note highly rated schools and continued local demand supported by new development, with major employer Amazon mentioned as being nearby.
As presented, this duplex is set up for immediate rental income with two distinct living spaces and utility responsibility placed on tenants.
Key Highlights
- Well‑maintained full duplex built in 1996 with long‑term tenants and a strong rental history
- Each unit features in‑unit laundry, with tenants paying all utilities
- Units include 2 range/ovens, 2 dishwashers, and 2 refrigerators
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 | $45.3k | $13.80 |
| − Vacancy | −$2.3k | −$0.69 |
| EGI | $43.1k | $13.11 |
| − OpEx | −$12.9k | −$3.93 |
| NOI | $30.1k | $9.18 |
3,284 SF · lease $13.80/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$430.5K
$376.7K – $502.3K
NOI $30,137 @ 7.0% cap · market cap 4.78%
Second Best
Apartment 5plus
$378.5K
$331.2K – $441.6K
NOI $26,495 @ 7.0% cap · market cap 4.21%
Theoretical Best
Office A
$763.1K
$667.7K – $890.3K
NOI $53,419 @ 7.0% cap · market cap 8.48%
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 - Full duplex featuring in-unit laundry and separately paid utilities by tenants, with long-term residents in very clean units.
Where is this duplex located?
The property is located at 808 North Clover Lane Cottage Grove, WI.
What is the asking price?
The asking price for this property is $629,900.
What are key features of this property?
This property features: Well‑maintained full duplex built in 1996 with long‑term tenants and a strong rental history; Each unit features in‑unit laundry, with tenants paying all utilities; Units include 2 range/ovens, 2 dishwashers, and 2 refrigerators
