Four-Unit Multifamily with Detached
1001 Grant Street Madison, WI 53711
1001 Grant Street, Madison, WI, 53711
$1,225,000
For Sale
$1,225,000
Well-maintained four-unit property with updated interiors, shared laundry, and a 4-car detached garage with party deck.
Property Size3,142 SF
Price / SF$389.88
Days on Market251
Property Features for 1001 Grant Street
General Information
- Standard status
- Active
- Size
- 3,142 SF
- Property subtype
- Multi Family / Apartment building
Building Details
- Year Built
- 1922
Listing agency
Bruner Realty & Management
(608) 206-4201
Listed by
Max Peternell · License #58761-90
(608) 206-4201
Source
Compass
Added: Nov 13, 2025 Updated: Jul 22 at 1:56AM Checked: Jul 22 at 11:10AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Bruner Realty & Management
Investment Insights
Based on property information with market context.
This well-maintained four-unit multifamily property features updated kitchens in each unit, new carpet in the bedrooms, and fresh paint throughout. A shared washer and dryer are available on-site, along with a small office/flex space on the first floor that is available for rent.
The property is located in the Vilas neighborhood, just blocks from Camp Randall Stadium, the University of Wisconsin–Madison, and the Henry Vilas Zoo. A 4-car detached garage with a brand-new party deck above adds practical off-street storage and additional outdoor space for residents.
With multiple units and an additional rentable flex space, the building is set up to support steady rental operations. Rents are currently reported as below market.
The property is located in the Vilas neighborhood, just blocks from Camp Randall Stadium, the University of Wisconsin–Madison, and the Henry Vilas Zoo. A 4-car detached garage with a brand-new party deck above adds practical off-street storage and additional outdoor space for residents.
With multiple units and an additional rentable flex space, the building is set up to support steady rental operations. Rents are currently reported as below market.
Key Highlights
- Well‑maintained 4‑unit property built in 1922 in the Vilas Neighborhood, blocks from Camp Randall Stadium, UW, and Henry Vilas Zoo
- Each unit includes updated kitchens, new carpet in bedrooms, and fresh paint throughout
- Shared laundry provided with included washer/dryer in the basement plus 4 refrigerators and 4 oven/stoves
Local Financial Insights For Multifamily LT 5
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 | $62.2k | $19.80 |
| − Vacancy | −$2.8k | −$0.89 |
| EGI | $59.4k | $18.91 |
| − OpEx | −$17.8k | −$5.67 |
| NOI | $41.6k | $13.24 |
3,142 SF · lease $19.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$594.1K
$519.9K – $693.1K
NOI $41,588 @ 7.0% cap · market cap 3.39%
Second Best
Apartment 5plus
$550.6K
$481.8K – $642.4K
NOI $38,541 @ 7.0% cap · market cap 3.15%
Theoretical Best
Office A
$917.8K
$803.1K – $1.07M
NOI $64,248 @ 7.0% cap · market cap 5.24%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Well-maintained four-unit property with updated interiors, shared laundry, and a 4-car detached garage with party deck.
Where is this quadplex located?
The property is located at 1001 Grant Street Madison, WI.
What is the asking price?
The asking price for this property is $1,225,000.
What are key features of this property?
This property features: Well‑maintained 4‑unit property built in 1922 in the Vilas Neighborhood, blocks from Camp Randall Stadium, UW, and Henry Vilas Zoo; Each unit includes updated kitchens, new carpet in bedrooms, and fresh paint throughout; Shared laundry provided with included washer/dryer in the basement plus 4 refrigerators and 4 oven/stoves
