Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    5604 Bjelde Ln Monona, WI 53716

    View on Map
    Sponsored
    For Sale
    $625,000

    Apartment building,2 story - Monona, WI

    Lot size:
    0.23 Acres
    Days on Market:
    1
    Last Refresh:
    Mar 20 at 10:06 pm

    Property Features for 5604 Bjelde Ln

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    G1
    Rooms
    Basement, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    5
    APN
    0710-212-4684-5
    Parking
    4
    Parking features
    Garage
    Interior features
    Water Softener Owned
    Basement Y/N
    1
    Appliances
    Dishwasher, Dryer
    Lot size
    0.23 Acres

    Utilities

    Utilities
    Water Available
    Heating system
    Forced Air

    Building Details

    Year built
    1960
    Floors in Building
    2
    Number of units
    3
    Building materials
    Brick
    Architectural style
    Other

    We can help!

    Listing Contact
    Liz Lauer

    Lauer Realty Group, Inc.

    Listing agent Liz Lauer

    Listing date Mar 20, 2026

    MLS# 2018910 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Monona Triplex with Remodeled Units

    This Monona three-unit apartment building presents an opportunity for owner-occupancy or investment in a growing community. The first-floor apartment features three bedrooms, a remodeled kitchen with stainless steel appliances and a dishwasher, tile backsplash, new LVP flooring, a new A/C unit, and a remodeled bath that requires countertops in the kitchen and surround in the bathroom to be complete. Units 2 and 3 have been remodeled with new LVP, kitchen and bath remodels in '25, blue tooth speaker/fans in bathrooms, new wall A/C units, and new Water Heaters in '24. The common basement includes a coin-operated washer and dryer, separate electric and gas meters, and space for a hobbyist or shop. A detached four-car garage includes openers. The roof was replaced in '21. The property is located in Monona, WI, and is zoned G1. The lot size is 0.23 acres. Leases are on file.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Monona
    County
    Dane
    State
    Wisconsin
    Longitude
    -89.32417
    Latitude
    43.057845

    Nearby Similar for Sale

    • $5,000,000
      34,000 SF

      Monona Class A Office Building

      Three-story office building in Monona, WI, ready for occupancy.
      6905-6911 Mangrove Ln, Monona, WI 53713
      View Details
    • Contact for pricing

      Retail Building Near Beltline Interchange

      New construction retail building adjacent to Beltline interchange in Monona.
      6501 Monona Dr, Monona, WI 53716
      View Details
    • Contact for pricing

      Retail Space in Monona Drive

      Retail space with high visibility and national co-tenancy.
      6500 Monona Dr, Monona, WI 53713
      View Details
    • Contact for pricing
      4,000 SF

      High Image Power Center Retail

      Retail opportunities in high image power center off HWY 12/18.
      2455 W Broadway, Monona, WI 53713
      View Details
    • $900,000
      1,698 SF

      Monona Executive Office Building

      Prime Monona location, multi-tenant office.
      6320 Monona Dr, Monona, WI 53716
      View Details
    • $1,162,500
      4,798 SF

      4201 Monona Dr, Monona, WI 53716

      Commercial real estate • 4,798 SF
      4201 Monona Dr, Monona, WI 53716
      View Details
    • Contact for pricing
      31,000 SF

      Modern Office Campus Near Madison

      Modern office campus with highway access near downtown Madison.
      6911 Mangrove Ln, Monona, WI 53713
      View Details

    FAQs

    What type of property is this?
    Triplex - Three-unit apartment building in Monona, Wisconsin, with recent renovations.
    Where is this triplex located?
    The property is located at 5604 Bjelde Ln Monona, WI.
    What is the asking price?
    The asking price for this property is $625,000.
    What are key features of this property?
    This property features: - Remodeled units 2 & 3 feature new LVP flooring, kitchens, and bathrooms (remodels in '25).; - First floor apartment boasts three bedrooms, remodeled kitchen with stainless steel appliances and dishwasher, new LVP flooring, new A/C unit, and remodeled bath.; - Four-car detached garage with openers provides ample parking and storage.
    (608) 444-5725
    Request Owner's contact information
    5604 Bjelde Ln Monona, WI 53716
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5604 Bjelde Ln
    Monona, WI 53716
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5604 Bjelde Ln Monona, WI 53716
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Liz Lauer
    Real Estate License ID: 56139-90
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!