Building Details

Year Built 1988

Listing Agency: Equity Real Estate Group LLC

Listed By: Olta Shabani · License #9678294 Show Phone

Source: Compass

Added: Apr 4 Changed: Oct 18 Last Checked: Oct 20 at 11:08PM

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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 Equity Real Estate Group LLC

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Investment Insights

Based on property information with market context.

This duplex contains 2,152 square feet across two residential units. The first unit includes three bedrooms, one bathroom, and a two-car attached garage; the second offers two bedrooms, one bathroom, and a one-car attached garage. Both units feature vinyl exteriors, poured concrete foundations, natural gas service, and forced-air heating. Kitchen appliances, two washers, and two dryers are included.

Constructed in 1988 and zoned R, the property is located in Hazel Green with access to Dubuque and Platteville. Its two-unit configuration supports separate household occupancy within one residential property.

Key Highlights

• 2,152‑square‑foot duplex built in 1988
• Unit 1 has 3 bedrooms, 1 bathroom, and a 2‑car attached garage
• Unit 2 has 2 bedrooms, 1 bathroom, and a 1‑car attached garage

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$18,874

Cap Rate

5.57%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$377,480 $377.5K

Cap Rate 7%

$269,629 $269.6K

Cap Rate 9%

$209,711 $209.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,152 SF

Gross rent

$29.2K $13.56/SF

− Vacancy

−$2.2K −$1.03/SF

EGI

$27.0K $12.53/SF

− OpEx

−$8.1K −$3.76/SF

NOI

$18.9K $8.77/SF

Area

Grant County, WI

Vacancy

7.60%

Lease Rate

$13.56 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$377,480

Cap Rate 7%

$269,629

Cap Rate 9%

$209,711

Alternative Uses

Best Use

Multifamily LT 5

$269.6K

$235.9K – $314.6K (±1% cap)

NOI $18,874 @ 7.0% cap · market cap 5.57%

Second Best

Apartment 5plus

$248.3K

$217.2K – $289.7K (±1% cap)

NOI $17,379 @ 7.0% cap · market cap 5.13%

Theoretical Best

Office A

$595.8K

$521.3K – $695.1K (±1% cap)

NOI $41,704 @ 7.0% cap · market cap 12.30%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

18

Businesses Nearby

Explore this area Business Placement

Demographics for 53811, WI

3,213

Population

1,401

Households

2.3

Avg Household Size

46

Median Age

29%

College-Educated

93%

High-School Grad

47.1 sq mi

ZIP Area

68

Density / Sq Mi

$79,531

Median Household Income

$45,162

Median Earnings

$908

Median Rent

$219,300

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Frequently Asked Questions

What type of property is this?

Duplex - Two-unit residential property with attached garages, natural gas, forced-air heating, and included kitchen appliances.

Where is this duplex located?

The property is located at 959 Whispering Lane Hazel Green, WI.

What is the asking price?

The asking price for this property is $339,000.

What are key features of this property?

This property features: 2,152‑square‑foot duplex built in 1988; Unit 1 has 3 bedrooms, 1 bathroom, and a 2‑car attached garage; Unit 2 has 2 bedrooms, 1 bathroom, and a 1‑car attached garage