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Waunakee, WI Multifamily Homes & Duplexes for Sale

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  • 200 & 204 W Main St, Waunakee, WI 53597
    200 & 204 W Main St, Waunakee, WI 53597
    200 & 204 W Main St, Waunakee, WI 53597
    /36

    $749,900

    • 7,696 Sq Ft

    200 & 204 W Main St, Waunakee, WI 53597

    Pro Forma NOI of $73,497 and 9.8% Cap Rate based on $90,118 in Projected Annual Gross Rent. This standout mixed-use property features two adjoining buildings with updated apartment units above and flexible commercial suites below. The 200 Building apartments have seen numerous upgrades, including new flooring, blinds, paint, countertops, and more. The freshly cleaned commercial spaces in the 204

    John David Vasquez Realty Executives Cooper Spransy

    200 & 204 W Main St, Waunakee, WI 53597
  • 701 Henry St, Waunakee, WI 53597
    701 Henry St, Waunakee, WI 53597
    701 Henry St, Waunakee, WI 53597
    /24

    $1,100,000

    • 2,935 Sq Ft

    701 Henry St, Waunakee, WI 53597

    This well-maintained 6-unit property offers excellent curb appeal and a prime location. The versatile unit mix includes: Two 2-bedroom units Two units with a loft plus an additional bedroom or office Two end units featuring vaulted ceilings, skylights, and spacious lofts Five units include a detached 1-car garage. All units offer outdoor living with patios and/or decks. A shared coin-operated

    Josh Lamp Berkshire Hathaway HomeServices True Realty

    701 Henry St, Waunakee, WI 53597
Wisconsin Dane County Waunakee

Multi-Family Homes & Duplexes for Sale in Waunakee, WI

Why Live in Waunakee

Waunakee, WI, located on the northern banks of Lake Mendota, offers a blend of suburban and rural living with easy access to downtown Madison. Founded in 1871, this town features a charming Main Street with shops and restaurants, contributing to its small-town atmosphere. Housing options range from historic brick ranch-style homes to newly built Craftsman houses, with some luxury properties overlooking the lake. The Waunakee Community School District is highly rated, with Arboretum Elementary, Waunakee Intermediate, Waunakee Community Middle, and Waunakee Community High all earning top marks. Residents enjoy numerous attractions, including Waunakee Village Park with its paved paths and playgrounds, and the Waunakee Village Center, which offers a gym and community events. Governor Nelson State Park provides over 8 miles of trails and sandy beaches along Lake Mendota. Dining options are plentiful along Main Street, with popular spots like Lone Girl Brewing Company and Red and White Winebar. Waunakee is conveniently located 20 to 30 minutes from downtown Madison and 10 to 15 minutes from Dane County Regional Airport, making it an accessible and appealing place to live.

Learn more about living in Waunakee

Home Trends in Waunakee, WI

On average, homes in Waunakee, WI sell after 37 days on the market compared to the national average of 52 days. The median sale price for homes in Waunakee, WI over the last 12 months is $599,900, down 2% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price
$599,900
Median Single Family Sale Price
$605,500
Median 2 Bedroom Sale Price
$267,500
Average Price Per Sq Ft
$252
Number of Homes for Sale
98
Last 12 months Home Sales
255
Months of Supply
4.60
Median List Price
$619,900
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-2%
How to Buy a Home How to Finance a Home How to Sell a Home

In Waunakee, there are currently 2 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes priced between $749,900 to $1,100,000, there's a range to accomodate every budget. As of September, 2025 the median home price in Waunakee is $619,900, while the average sale price is $674,113, offering insights into the local housing market. On average, multi-family homes spend 37 days listed before being sold. Multi-family homes include a variety of property types, from duplexes, triplexes, and fourplexes, to apartment complexes, all within a single building divided to accommodate multiple families living separately. These multi-family properties for sale offer investors the chance to generate rental income. Whether you're considering a duplex for a beginner investment or an apartment complex for a more substantial venture, there are investment properties available to meet your requirements. Explore the range of multi-family homes for sale in Waunakee, WI.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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