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

    5837 Raymond Rd Madison, WI 53711

    Sponsored
    For Sale
    $550,000

    Apartment building,2 story - Madison, WI

    Lot size:
    0.26 Acres
    Days on Market:
    1
    Last Refresh:
    Mar 2 at 10:20 pm

    Property Features for 5837 Raymond Rd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    SR-V1
    Rooms
    Basement, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    12
    APN
    0609-062-0309-1
    Parking
    4
    Parking features
    Garage
    Interior features
    Water Softener Owned
    Basement Y/N
    1
    Appliances
    Dishwasher
    Lot size
    0.26 Acres

    Utilities

    Utilities
    Water Available
    Heating system
    Radiant

    Building Details

    Year built
    1961
    Floors in Building
    2
    Number of units
    4
    Building materials
    Brick
    Architectural style
    Other

    We can help!

    Listing Contact
    Jo Ferraro Real Estate Team

    eXp Realty (866) 848-6990

    Listing agent Jo Ferraro Real Estate Team (866) 848-6990

    Listing date Mar 2, 2026

    MLS# 2017218 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

    Madison Multifamily Investment Opportunity

    This solid brick four-unit apartment building presents an investor opportunity with immediate upside potential. The property features oversized three-bedroom layouts with one to 2.5 baths, designed to attract long-term tenants and support future rent growth. Current leases are month-to-month, offering flexibility for repositioning rents toward market levels, estimated around $1,800 per unit. A partially finished lower level offers the potential for an additional unit or added income space, subject to buyer verification. Key improvements include a roof and front windows that are approximately 10 years old, along with some newer water heaters. The property is located on Madison’s west side near major employers, shopping, and transit corridors, offering both stability and long-term appreciation potential. The lot size is 0.26 acres. The property is zoned SR-V1. No showings are available until 3/6.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Madison
    County
    Dane
    State
    Wisconsin
    Longitude
    -89.482778
    Latitude
    43.03161

    Nearby Similar for Sale

    • $1,150,000
      8,652 SF

      Adaptable Industrial Building in Madison

      8,652 SF light industrial building ready for custom build-out.
      709 Atlas Ave, Madison, WI 53714
      View Details
    • $699,900
      5,000 SF

      Versatile Commercial Building Near Park Street

      5,000 sq ft building on .5+ acre lot.
      2440 Perry St, Madison, WI 53713
      View Details
    • $7,500,000
      24,500 SF

      Class A Mixed-Use Building

      Versatile mixed-use building suitable for various business operations.
      2801 Marshall Ct, Madison, WI 53705
      View Details
    • $1,179,900

      Mixed-Use Building Near Park Street

      Two-story mixed-use property near Madison's Park Street corridor.
      702 W Wingra Dr, Madison, WI 53715
      View Details
    • $1,799,000

      Historic Office Building in Madison

      Charming office building in downtown Madison, close to Lake Mendota.
      401 Wisconsin Ave, Madison, WI 53703
      View Details
    • $650,000
      0.14 Acres

      Madison Investment Property For Sale

      Fully leased investment property near downtown Madison and UW–Madison.
      308 S Brks St, Madison, WI 53715
      View Details
    • $1,499,999

      Turnkey Automotive Sales and Repair

      Automotive sales and repair facility on a high-traffic corridor.
      2402 S Stoughton Rd, Madison, WI 53704
      View Details
    • $2,999,500

      Madison Automotive Business Opportunity

      Prime commercial property ideal for automotive business near I-90.
      2501 Spring St East, Madison, WI 53704
      View Details
    • New
      $735,000
      0.29 Acres

      Well-Maintained Four-Unit Apartment Building

      Four-unit apartment building with in-unit laundry on Madison's East side.
      934 Jana Ln, Madison, WI 53704
      View Details
    • New
      $699,900
      0.26 Acres

      Madison Duplex with Attached Garages

      Income property with dual driveways and attached two-car garages.
      6834/6838 Chester Dr, Madison, WI 53719
      View Details
    • $650,000
      0.27 Acres

      Madison Duplex on Corner Lot

      Side-by-side townhouse-style duplex on a corner lot in Madison.
      6934/6938 Chester Dr, Madison, WI 53719
      View Details
    • $550,000
      2,046 SF

      Highway 30 Stand-Alone Building

      2,046 SF building on 0.44 acres, high-traffic location.
      614 N Fair Oaks Ave, Madison, WI 53714
      View Details

    FAQs

    What type of property is this?
    Quadplex - Four-unit building with upside potential on Madison's west side.
    Where is this quadplex located?
    The property is located at 5837 Raymond Rd Madison, WI.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: - Rare, oversized 3-bedroom layouts in all 4 units attract long-term tenants.; - Immediate upside potential due to month-to-month leases, reposition rents to market levels (estimated $1,800 per unit).; - Prime west side location near major employers, shopping, and transit corridors ensures stability.
    (866) 848-6990
    Request Owner's contact information
    5837 Raymond Rd Madison, WI 53711
    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.
    5837 Raymond Rd
    Madison, WI 53711
    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
    5837 Raymond Rd Madison, WI 53711
    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
    Jo Ferraro Real Estate Team
    (866) 848-6990
    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!