One-Level Triplex With
N6720 Highway 12 Elkhorn, WI 53121
N6720 Highway 12, Elkhorn, WI, 53121
$264,900
For Sale
$264,900
One-level triplex with ample outside parking, separate heat controls, and septic-and-well utilities.
Property Size1,800 SF
Lot Size4.50 Acres
Price / SF$147.17
Days on Market40
Property Features for N6720 Highway 12
General Information
- Standard status
- Active
- Size
- 1,800 SF
- Lot size
- 4.50 Acres
- Property subtype
- Multi Family / SingleFam zoned MultiFam
Building Details
- Year Built
- 1948
Listing agency
Coldwell Banker Belva Parr Realty
(608) 548-2959
Listed by
Izzy Jackson · License #92592-94
(608) 548-2959
Source
Compass
Added: Jun 13 Updated: Jul 22 at 5:31PM Checked: Jul 22 at 5:31PM
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 Coldwell Banker Belva Parr Realty
Investment Insights
Based on property information with market context.
This one-level triplex offers a low-maintenance income layout with three units currently rented. Units are set up with separate heat controls for individualized management, and the property includes ample outside parking. Recent updates include a new roof and some unit remodels.
The triplex is situated on 4.5 acres and served by septic and a well. Additional on-site features include two small sheds and a playground area.
For sale as a residential income property, it is configured for straightforward oversight with utility and heating separation already in place.
The triplex is situated on 4.5 acres and served by septic and a well. Additional on-site features include two small sheds and a playground area.
For sale as a residential income property, it is configured for straightforward oversight with utility and heating separation already in place.
Key Highlights
- One‑level triplex on 4.5 acres with ample outside parking
- Separate heat controls for each unit; radiant electric heat
- Septic and well utilities on the property
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 | $29.2k | $16.20 |
| − Vacancy | −$1.5k | −$0.81 |
| EGI | $27.7k | $15.39 |
| − OpEx | −$8.3k | −$4.62 |
| NOI | $19.4k | $10.77 |
1,800 SF · lease $16.20/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$277.0K
$242.4K – $323.2K
NOI $19,391 @ 7.0% cap · market cap 7.32%
Second Best
Apartment 5plus
$257.7K
$225.5K – $300.7K
NOI $18,039 @ 7.0% cap · market cap 6.81%
Theoretical Best
Specialty Retail
$347.4K
$304.0K – $405.3K
NOI $24,316 @ 7.0% cap · market cap 9.18%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Triplex - One-level triplex with ample outside parking, separate heat controls, and septic-and-well utilities.
Where is this triplex located?
The property is located at N6720 Highway 12 Elkhorn, WI.
What is the asking price?
The asking price for this property is $264,900.
What are key features of this property?
This property features: One‑level triplex on 4.5 acres with ample outside parking; Separate heat controls for each unit; radiant electric heat; Septic and well utilities on the property
