333 Robert St · Fort Atkinson, WI 53538

$195,000

4 bd · 2.0 ba · — sqft · SingleFamily · 83 Days on market

Built 1948 7,405 sqft lot Est $281k · 31% under

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Why this score? — see what drove the B grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +28.0/30.0
• ARV discount +15.0/15.0
• DSCR +9.9/10.0
• 1% rule +7.8/10.0
• Livability +3.9/5.0
• Schools +3.4/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Showings begin March 30, 2026 . 24-hour notice required due to tenant occupancy. This well-maintained duplex is a great opportunity for both homeowners and investors. The lower unit features 3 bedrooms and 1 bathroom, along with a spacious kitchen with room for a dining table and a comfortable living room. The upper unit offers 2 bedrooms and 1 bathroom, a kitchen with space for dining, and a bright living room. Basement is partially finished and includes a full bathroom. The property includes a detached one-car garage and a concrete parking area located in the back of the house with possible space for up to four cars. This home is great option for a first-time buyer looking to live in one unit and rent out the other, or for an investor seeking consistent monthly income.

Key facts

• 7,405 sq ft lot
• Garage
• Built 1948

🏷️ Possibly a rental listed for sale. The $195,000 price doesn't fit this home's estimated sale value (~$280,717) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $195k.

Deal economics

• At list price, monthly cash flow is $604 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $195k).
• Recommended offer: $183k (6.0% below list) — sets the bar for market timing.
• Cap rate 10.0% vs local median 2.4% in Fort Atkinson — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 77/100 on livability (#111 in WI, #2,826 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: schools C-, commute F.
• Fort Atkinson School District (town): math 36% / reading 42% proficiency, ranked #161 of 342 in WI (top 47%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 64 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 145 units permitted in Jefferson County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.
• Jefferson County population projected to shrink 6% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $55k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 83 days — a 6% lower offer ($183k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 14y ago; this cycle's ask has dropped $15k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $113k; list at $195k implies a 73% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1948 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $183,300 (6.0% below list)

Questions for the listing agent

1. It's been on market 83 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1948 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
6. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
7. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.28% ✓
• Cap rate: 10.01%
• Cash-on-cash: 13.28%
• DSCR: 1.59
• GRM: 6.5

CMA / ARV

• ARV (median comp): $280,717
• List price: $195,000
• Delta: -30.54%
• Verdict: UNDERPRICED
• Comps: 12 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
717 Harriette St	0.17mi	3/2.0 (-1)	1,861	0mo	$326,000	$175	74
514 Madison Ave	0.09mi	3/1.0 (-1)	1,597	0mo	$347,900	$218	74
612 Roosevelt St	0.37mi	4/2.0	2,150	1mo	$365,000	$170	70
517 Adams St	0.23mi	3/1.5 (-1)	1,236	0mo	$295,000	$239	69
423 Roosevelt St	0.30mi	3/2.0 (-1)	1,998	0mo	$363,500	$182	68
108 E Sherman Ave	0.46mi	4/1.0	1,400	1mo	$225,000	$161	61
707 N Main St	0.44mi	3/1.5 (-1)	1,108	1mo	$276,000	$249	60
42 Wilson Ave	0.54mi	3/2.0 (-1)	1,547	1mo	$300,000	$194	57
321 Clarence St	0.44mi	3/1.0 (-1)	1,500	1mo	$275,000	$183	57
1320 Montclair Pl	0.68mi	3/2.5 (-1)	2,534	1mo	$410,000	$162	48
1327 Montclair Pl	0.70mi	3/2.5 (-1)	2,084	1mo	$429,000	$206	47
1255 Janette St	0.67mi	3/3.5 (-1)	6,284	1mo	$800,000	$127	44

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 3.3%
• Equity multiple: 1.13×
• Total profit: $6,947
• Equity at exit: $29,075

10-year hold

• IRR: 12.9%
• Equity multiple: 2.02×
• Total profit: $55,826
• Equity at exit: $16,860

Cash invested: $54,600 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 73 Landlord-Friendly
• State Wisconsin: 73 Landlord-Friendly · R+2
• County: — inherits STATE
• City: — inherits STATE

5-day notice; preempted; Madison / Milwaukee have some local enforcement.

Methodology + full state rankings →

ZIP-level market 53538

• Active inventory: 64
• Price-to-rent: 6.5×

Monthly cashflow live

• Estimated rent: $2,500 medium
• Mortgage (P&I): −$1,023
• Tax from tax record: −$267 /mo · $3,201/yr
• Insurance: −$81
• HOA: −$0
• Vacancy / Maint / Mgmt: −$525
• Net cashflow: $604

Break-even live

Break-even rent $1,735

Max offer price $195,000

Occupancy floor 71%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $48,750
• Closing costs: $5,850
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
636 Jackson St Fort Atkinson, WI	4.0	2.0	2007	$2,500	$1.25	43d	1	0.36mi

Listing history 25 events

1. 2026-06-19
   days on market $195,000 Active 83 DOM
2. 2026-06-18
   days on market $195,000 Active 82 DOM
3. 2026-06-17
   days on market $195,000 Active 81 DOM
4. 2026-06-16
   days on market $195,000 Active 80 DOM
5. 2026-06-15
   days on market $195,000 Active 79 DOM
6. 2026-06-14
   days on market $195,000 Active 77 DOM
7. 2026-06-13
   days on market $195,000 Active 76 DOM
8. 2026-06-10
   days on market $195,000 Active 74 DOM
9. 2026-06-09
   days on market $195,000 Active 73 DOM
10. 2026-06-08
    days on market $195,000 Active 72 DOM
11. 2026-06-07
    days on market $195,000 Active 71 DOM
12. 2026-06-03
    days on market $195,000 Active 67 DOM
13. 2026-06-02
    days on market $195,000 Active 66 DOM
14. 2026-06-01
    days on market $195,000 Active 65 DOM
15. 2026-05-31
    days on market $195,000 Active 64 DOM
16. 2026-05-30
    days on market $195,000 Active 63 DOM
17. 2026-05-18
    price $195,000 782-char remark

    Show marketing remark (782 chars)

    Showings begin March 30, 2026 . 24-hour notice required due to tenant occupancy. This well-maintained duplex is a great opportunity for both homeowners and investors. The lower unit features 3 bedrooms and 1 bathroom, along with a spacious kitchen with room for a dining table and a comfortable living room. The upper unit offers 2 bedrooms and 1 bathroom, a kitchen with space for dining, and a bright living room. Basement is partially finished and includes a full bathroom. The property includes a detached one-car garage and a concrete parking area located in the back of the house with possible space for up to four cars. This home is great option for a first-time buyer looking to live in one unit and rent out the other, or for an investor seeking consistent monthly income.

18. 2026-05-18
    status Active 782-char remark

    Show marketing remark (782 chars)

    Showings begin March 30, 2026 . 24-hour notice required due to tenant occupancy. This well-maintained duplex is a great opportunity for both homeowners and investors. The lower unit features 3 bedrooms and 1 bathroom, along with a spacious kitchen with room for a dining table and a comfortable living room. The upper unit offers 2 bedrooms and 1 bathroom, a kitchen with space for dining, and a bright living room. Basement is partially finished and includes a full bathroom. The property includes a detached one-car garage and a concrete parking area located in the back of the house with possible space for up to four cars. This home is great option for a first-time buyer looking to live in one unit and rent out the other, or for an investor seeking consistent monthly income.

19. 2026-05-07
    historical Offer Show 782-char remark

    Show marketing remark (782 chars)

    Showings begin March 30, 2026 . 24-hour notice required due to tenant occupancy. This well-maintained duplex is a great opportunity for both homeowners and investors. The lower unit features 3 bedrooms and 1 bathroom, along with a spacious kitchen with room for a dining table and a comfortable living room. The upper unit offers 2 bedrooms and 1 bathroom, a kitchen with space for dining, and a bright living room. Basement is partially finished and includes a full bathroom. The property includes a detached one-car garage and a concrete parking area located in the back of the house with possible space for up to four cars. This home is great option for a first-time buyer looking to live in one unit and rent out the other, or for an investor seeking consistent monthly income.

20. 2026-04-19
    price $199,900 782-char remark

    Show marketing remark (782 chars)

    Showings begin March 30, 2026 . 24-hour notice required due to tenant occupancy. This well-maintained duplex is a great opportunity for both homeowners and investors. The lower unit features 3 bedrooms and 1 bathroom, along with a spacious kitchen with room for a dining table and a comfortable living room. The upper unit offers 2 bedrooms and 1 bathroom, a kitchen with space for dining, and a bright living room. Basement is partially finished and includes a full bathroom. The property includes a detached one-car garage and a concrete parking area located in the back of the house with possible space for up to four cars. This home is great option for a first-time buyer looking to live in one unit and rent out the other, or for an investor seeking consistent monthly income.

21. 2026-03-28
    listed $210,000 Active 782-char remark

    Show marketing remark (782 chars)

    Showings begin March 30, 2026 . 24-hour notice required due to tenant occupancy. This well-maintained duplex is a great opportunity for both homeowners and investors. The lower unit features 3 bedrooms and 1 bathroom, along with a spacious kitchen with room for a dining table and a comfortable living room. The upper unit offers 2 bedrooms and 1 bathroom, a kitchen with space for dining, and a bright living room. Basement is partially finished and includes a full bathroom. The property includes a detached one-car garage and a concrete parking area located in the back of the house with possible space for up to four cars. This home is great option for a first-time buyer looking to live in one unit and rent out the other, or for an investor seeking consistent monthly income.

22. 2012-10-10
    listed $144,900 87-char remark

    Show marketing remark (87 chars)

    Great looking 2 family in Fort Atkinson!! Each unit has two bedrooms and one full bath!

23. 2012-10-10
    historical 87-char remark

    Show marketing remark (87 chars)

    Great looking 2 family in Fort Atkinson!! Each unit has two bedrooms and one full bath!

24. 2005-10-26
    soldstatus $113,000
25. 2005-08-18
    soldstatus $68,500

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast WI · Partial reset (capped growth)

• Current annual tax: $3,201 · $267/mo
• Projected year-2 tax: $3,404 · $284/mo
• Expected delta: +$203/yr (+$17/mo · 6.3%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 2/10 Low 7 d/yr ≥102°F today · 13 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $30,000
• − Mortgage interest: −$10,923
• − Property taxes: −$3,201
• − Insurance: −$975
• − Repairs & maintenance: −$2,400
• − Management: −$2,400
• − Depreciation: −$5,673
• Taxable income: $4,428
• Est. tax owed @ 24.0%: −$1,063
• After-tax cash flow: $6,190/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Fort Atkinson School District
• NCES district ID: 5504740
• Math proficiency: 36% ▼ -9.00%
• Reading proficiency: 42% ▼ -4.00%
• Median HH income: $55,072
• Composite: 34.13/100
• National rank: #5288
• State rank: #161 of 342 in WI

Livability — Fort Atkinson

• Score: 77/100
• State rank: #111
• US rank: #2826

Category grades

Amenities C Commute F Cost of living A+ Crime B+ Employment B+ Housing A+ Health & safety A+ User ratings D+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Fort Atkinson, WI
• Population (ZIP): 18,604

Population outlook (Jefferson County) Hauer SSP2

• Today (2025): 86,617 people
• By 2030: 86,818 · +0.2%
• By 2040: 85,552 · -1.2%
• By 2050: 81,765 · -5.6%
• By 2075: 68,937 · -20.4%
• By 2100: 55,854 · -35.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (86%)
• Race & ethnicity: White 86% Hispanic / Latino 11% Two or more races 5%
• Hispanic origin (detail): Mexican 9%
• Common ancestry: Portuguese 7% Romanian 5% Lithuanian 4%
• Foreign-born: 6% · Canada, Vietnam
• Languages at home: 91% English-only · Spanish 8%

Political lean MEDSL · Jefferson

• 2024 margin: R (+16.4) · D 41.1% · R 57.5% · Other 1.4%
• 2008→2024 swing: -17.2pp toward R · 2008: 0.8pp · 2024: -16.4pp
• All cycles: 2024: R+16.4 2020: R+15.2 2016: R+16.2 2012: R+7.6 2008: D+0.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -188.91%
• Current HPI: 194.0276
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 2.10%
• F500 in state: 20

Industry mix (Fortune 500 HQ in WI)

Industry	F500 HQs	Revenue
▸Industrial Machinery	4	$23B
▸Industrial Technology	2	$36B
▸Insurance	1	$36B
▸Professional Services	1	$19B
▸Utilities	1	$9B
▸Consumer Goods	1	$3B

Price history

+184.7% since first listed

9 events — show timeline

• 2026-05-18 Price Changed $195,000 SCWMLS
• 2026-05-18 Relisted — SCWMLS
• 2026-05-07 Contingent — SCWMLS
• 2026-04-19 Price Changed $199,900 SCWMLS
• 2026-03-28 Listed $210,000 SCWMLS
• 2012-10-10 Listing Removed — METROMLS
• 2012-10-10 Listed $144,900 METROMLS
• 2005-10-26 Sold (Public Records) $113,000 Public Records
• 2005-08-18 Sold (Public Records) $68,500 Public Records

Property tax history

+2.7%/yr

Latest (2025): $3,201 · +9.7% YoY. Source: county tax records.