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502 Jefferson St, Waupaca, WI, 54981

3beds
3baths
1,838sqft
$194,500
$106price/sqft
$1,511/moest. monthly cost
$60,440/yrincome needed

About This Home

Excellent investment opportunity in the City of Waupaca! This duplex is conveniently located just minutes from downtown, offering easy access to shopping, restaurants, parks, and local amenities. Unit 1 features 2 bedrooms and 1.5 baths, while the second offers 1 bedroom and 1 full bath. Both units are currently occupied by month-to-month tenants, providing immediate rental income with future flexibility. No garage. Whether you’re looking to expand your investment portfolio or owner-occupy in the future, this property offers plenty of potential in a desirable location.

Getting Around

54
WalkingSomewhat Walkable
0
TransitVery Limited Transit
57
BikeBikeable

Schools

7/10
Waupaca Middle SchoolGrades 5-80.9 mi
4/10
Waupaca High SchoolGrades 9-121.8 mi

Construction

Condition

  • Year built: 1900

Materials

  • Foundation: Stone
  • Construction materials: Vinyl Siding

Type & Style

  • Home type: MultiFamily
  • Property subType: Duplex

Interior

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 3

Features

  • Finished area below ground: 0
  • Finished area above ground: 1,838

Heating & Cooling

  • Heating features: Forced Air
  • Cooling features: Forced Air

Interior Area

  • Total interior livable area: 1,838 sqft

Property

Accessibility

  • Accessibility features: Not Applicable

Details

  • Parcel number: 34307061
  • Zoning: Residential

Lot

  • Lot size: 9,583 sqft
  • Features: Corner Lot,Sidewalk

Parking

  • Parking features: None

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveVery High
  • Lightning
    LightningVery High
  • Hail
    HailRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Tornado
    TornadoRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate

How This Home’s Risks Compare

Cold Wave
Lightning
Hail
Strong Wind
Tornado
Winter Weather
Heat Wave
Inland Flooding

FEMA Declared Disasters Across Wisconsin Counties

Flood
Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $983$11,796
Home Insurance *$94$1,128
Property Taxes $262$3,144
Electricity $172$2,072
Total$1,511$18,132
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$51,805/yr
40% on housing$45,330/yr
45% on housing$40,293/yr

Wisconsin FAIR Plan Programs

Wisconsin Insurance Plan

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 5,246Commercial: 198
Total Premiums$4.55M
Total Exposure$860.28M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 10.7%
10.7%
0%30.0%
Electricity Growth Rate10-year average: 3.6%
3.6%
0%15.0%
Property Taxes Growth Rate2-year average: -1.4%
-1.4%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$106This listing

vs Other Active Listings

Avg $/sqft

ZIP 54981$301
Waupaca County$219

vs Homes Sold Last Month

Median $/sqft

ZIP 54981
Waupaca County$168

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-07-22Listed for sale$194,500
2023-12-29Sold$149,900
2023-12-29Pending sale$149,900
2023-11-27Contingent$149,900
2023-11-20Listed for sale$149,900

For Sale by Agent

AgentJean M Grenlie
BrokerageShambeau & Grenlie Real Estate, LLC

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