229 N Ludington Street, Columbus, WI 53925
MULTI_FAMILY - Columbus, WI
- Added:
- May 12, 2026
- Days on Market:
- 37
- Last Refresh:
- Jun 17 at 12:06 pm
Property Features for 229 N Ludington Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- B-1
- Parking features
- Garage
- Appliances
- 3
- Standard status
- Active
- APN
- 11211 204
- Lot size
- 0.53 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 16213
Utilities
- Heating system
- Radiant
Building Details
- Year built
- 1868
- Floors in Building
- 2
- Number of units
- 5
Listing agent Joanna Janas (608) 516-5534
Listing office Sprinkman Real Estate 622 W Washington Ave Ste 100, Madison, WI (608) 467-9596
Listing date May 12, 2026
Copyright © 2026 REALTORS® Association of South Central Wisconsin. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Over 6,000 sq ft historic property (year built 1868) with residential zoning
- Multi‑unit setup includes a massage therapy business, a spacious single‑family home, and 3 rental apartments
- 4 sources of income on‑site
- Attached 3‑car garage plus detached 2‑car garage and ample outdoor parking
- More than half an acre lot with parking for multiple vehicles
- Heating: radiant; Appliances: 3; zoning supports residential uses
Overview
The property is located in Columbus, WI at 229 N Ludington Street and is zoned B-1. Public remarks note convenient access to major highways and proximity to downtown and the Amtrak station.
For buyers seeking an owner-operator or a residential-income configuration with on-site services, the existing combination of business and apartments may support a flexible operational model. Alternatively, the described ability to reconfigure internal partitions could appeal to parties looking to convert the layout toward a more traditional single-family or multi-generational setup while retaining the existing garage and parking improvements.
Local Financial Insights For Apartment 5plus
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 | $92.2k | $15.36 |
| − Vacancy | −$5.1k | −$0.84 |
| EGI | $87.1k | $14.52 |
| − OpEx | −$39.2k | −$6.53 |
| NOI | $47.9k | $7.98 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Columbus
- County
- Columbia
- State
- Wisconsin
- Longitude
- -89.013457
- Latitude
- 43.339646
