Apartment Residences With
For Sale
Contact for pricing
1008 S Park St, Madison, WI 53715
Multifamily residences offer studio, one-bedroom, and two-bedroom apartment layouts with extensive shared amenities.
Property Size706 SF
Price / SF$2.26
Days on Market497
Property Features for 1008 S Park St
General Information
Standard status
Active
Size
706 SF
Property subtype
Multi-Family
Listing Agency:
T. Wall Enterprises Mgt, LLC
Listed By:
Janie Krohmer · License #7927194
(608) 354-2610
Source:
Madisonareahomesforsale
Added: Jun 11, 2025
Changed: Oct 7
Last Checked: Oct 19 at 7:18AM
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 T. Wall Enterprises Mgt, LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Peloton Residences is an apartment community near Downtown Madison with studio, one-bedroom, and two-bedroom homes. Shared facilities include a Skydeck, yoga studio, fitness programming, social lounge with billiards and HDTV, and a courtyard equipped with a fire pit, grills, and seating.
The property is located at 1008 S Park St in Madison, Wisconsin, with views toward Lake Monona and the Capitol. The amenity package and range of apartment layouts create a residential setting with multiple common-area options for residents.
The property is located at 1008 S Park St in Madison, Wisconsin, with views toward Lake Monona and the Capitol. The amenity package and range of apartment layouts create a residential setting with multiple common-area options for residents.
Key Highlights
- Skydeck with views toward Lake Monona and the Capitol
- Studio, one‑bedroom, and two‑bedroom apartment layouts
- Yoga studio with Fitness on Demand™ programming
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,660
Suggested Prices Based on Cap Rates
Cap Rate 5%
$173,200
$173.2K
Cap Rate 7%
$123,714
$123.7K
Cap Rate 9%
$96,222
$96.2K
Market Conditions
NOI Build-Up for 706 SF
Gross rent
$16.4K $23.28/SF
− Vacancy
−$690 −$0.98/SF
EGI
$15.7K $22.30/SF
− OpEx
−$7.1K −$10.04/SF
NOI
$8.7K $12.27/SF
Area
Madison, WI
Vacancy
4.20%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$173,200
Cap Rate 7%
$123,714
Cap Rate 9%
$96,222
Alternative Uses
Best Use
Apartment 5plus
$123.7K
$108.3K – $144.3K
NOI $8,660 @ 7.0% cap · market cap 541.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$206.2K
$180.5K – $240.6K
NOI $14,436 @ 7.0% cap · market cap 902.81%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
1,768
Businesses Nearby
Explore this area
Business Placement
Demographics for 53715, WI
16,517
Population
5,640
Households
2.9
Avg Household Size
24
Median Age
66%
College-Educated
95%
High-School Grad
1.3 sq mi
ZIP Area
12,705
Density / Sq Mi
$37,598
Median Household Income
$8,819
Median Earnings
$1,533
Median Rent
$436,100
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - Multifamily residences offer studio, one-bedroom, and two-bedroom apartment layouts with extensive shared amenities.
Where is this residential income property located?
The property is located at 1008 S Park St Madison, WI.
What are key features of this property?
This property features: Skydeck with views toward Lake Monona and the Capitol; Studio, one‑bedroom, and two‑bedroom apartment layouts; Yoga studio with Fitness on Demand™ programming
