Four-Unit Multifamily with Detached
For Sale
$1,225,000
1001 Grant Street, Madison, WI 53711
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 Market293
Property Features for 1001 Grant Street
General Information
Standard status
Active
Size
3,142 SF
Property subtype
Multi Family / Apartment building
Zoning
TR-V1
Taxes and HOA fees
Annual Taxes
$11,331
Amenities
Full, Walkout to yard, Poured concrete foundatn
Natural Gas
Radiant
Tenant's and Seller's personal property.
4 refrigerators, 4 oven/stoves, 1 dishwasher in Unit 1, 1 washer/dryer combo in Unit 1, 1 washer and 1 dryer in basement.
1
4
Brick
Building Details
Year Built
1922
Units
4
Listing Agency:
Bruner Realty & Management
Listed By:
Max Peternell · License #58761-90
(608) 206-4201
Source:
Compass
Added: Nov 17, 2025
Changed: Aug 8
Last Checked: Jul 23 at 10:23AM
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
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$41,588
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.39%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$831,760
$831.8K
Cap Rate 7%
$594,114
$594.1K
Cap Rate 9%
$462,089
$462.1K
Market Conditions
NOI Build-Up for 3,142 SF
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.
Gross rent
$62.2K $19.80/SF
− Vacancy
−$2.8K −$0.89/SF
EGI
$59.4K $18.91/SF
− OpEx
−$17.8K −$5.67/SF
NOI
$41.6K $13.24/SF
Area
Madison, WI
Vacancy
4.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$831,760
Cap Rate 7%
$594,114
Cap Rate 9%
$462,089
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 authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,177
Businesses Nearby
Explore this area
Business Placement
Demographics for 53711, WI
51,448
Population
23,500
Households
2.2
Avg Household Size
37
Median Age
66%
College-Educated
97%
High-School Grad
26.0 sq mi
ZIP Area
1,979
Density / Sq Mi
$101,236
Median Household Income
$55,284
Median Earnings
$1,357
Median Rent
$387,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
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
