Ranch-Style
For Sale
$570,000
1116 12th Street, Baraboo, WI 53913
Four residential units feature private kitchens, separate utilities, storage lockers, and shared on-site laundry.
Property Size2,400 SF
Price / SF$237.50
Days on Market287
Property Features for 1116 12th Street
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Multi Family / Apartment building
Zoning
R-4
Units
Unit Mix
4 x 1BR/1BA
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$5,196
Amenities
on-site coin-operated laundry
off-street parking
individual storage lockers
Electric
Radiant
Tenants personal property.
4 stoves, 4 refrigerators, 1 washer, 1 dryer
1
4
5
Wood
Building Details
Year Built
1992
Units
4
Construction
ranch-style
Listing Agency:
Bunbury & Assoc, REALTORS
(608) 393-0891
Listed By:
Kris Terry · License #53761-90
(608) 393-0891
Source:
Compass
Added: Nov 16, 2025
Changed: Aug 30
Last Checked: Mar 25 at 7:07PM
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 Bunbury & Assoc, REALTORS
Investment Insights
Based on property information with market context.
This ranch-style multifamily property contains four 1 bed/1 bath apartments, each arranged with a full kitchen and its own utility service. Individual storage lockers, off-street parking for every unit, and coin-operated laundry are provided on site. Several apartments include interior improvements such as updated flooring and refreshed kitchen and bathroom cabinetry. Newer windows and patio doors serve all units, while the roof was replaced in 2019.
The property is located at 1116 12th St in Baraboo, Wisconsin, on the city’s east side. The surrounding area offers access to a hospital, parks, shopping, and other east-side amenities, providing a practical setting for residential occupancy.
The property is located at 1116 12th St in Baraboo, Wisconsin, on the city’s east side. The surrounding area offers access to a hospital, parks, shopping, and other east-side amenities, providing a practical setting for residential occupancy.
Key Highlights
- Four 1 bed/1 bath apartment units
- Ranch‑style 4‑plex with full kitchens in every unit
- Separate utilities and individual storage lockers
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
$21,909
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
3.84%
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%
$438,180
$438.2K
Cap Rate 7%
$312,986
$313.0K
Cap Rate 9%
$243,433
$243.4K
Market Conditions
NOI Build-Up for 2,400 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
$33.1K $13.80/SF
− Vacancy
−$1.8K −$0.76/SF
EGI
$31.3K $13.04/SF
− OpEx
−$9.4K −$3.91/SF
NOI
$21.9K $9.13/SF
Area
Sauk County, WI
Vacancy
5.50%
Lease Rate
$13.80 /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%
$438,180
Cap Rate 7%
$312,986
Cap Rate 9%
$243,433
Alternative Uses
Best Use
Multifamily LT 5
$313.0K
$273.9K – $365.2K
NOI $21,909 @ 7.0% cap · market cap 3.84%
Second Best
Apartment 5plus
$283.8K
$248.3K – $331.1K
NOI $19,863 @ 7.0% cap · market cap 3.48%
Theoretical Best
Office A
$485.8K
$425.1K – $566.8K
NOI $34,007 @ 7.0% cap · market cap 5.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
404
Businesses Nearby
Explore this area
Business Placement
Demographics for 53913, WI
21,046
Population
10,444
Households
2
Avg Household Size
41
Median Age
26%
College-Educated
94%
High-School Grad
138.9 sq mi
ZIP Area
152
Density / Sq Mi
$73,856
Median Household Income
$44,261
Median Earnings
$951
Median Rent
$214,500
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 - Four residential units feature private kitchens, separate utilities, storage lockers, and shared on-site laundry.
Where is this quadplex located?
The property is located at 1116 12th Street Baraboo, WI.
What is the asking price?
The asking price for this property is $570,000.
What are key features of this property?
This property features: Four 1 bed/1 bath apartment units; Ranch‑style 4‑plex with full kitchens in every unit; Separate utilities and individual storage lockers
