Two-Unit Duplex with Private
1120-1122 Artisan Drive Madison, WI 53704
1120-1122 Artisan Drive, Madison, WI, 53704
$729,900
For Sale
$729,900
Well-maintained duplex with identical 3-bedroom units, decks, privacy-fenced yard, and attached oversized two-car garages.
Property Size3,578 SF
Price / SF$203
Days on Market49
Property Features for 1120-1122 Artisan Drive
General Information
- Standard status
- Active
- Size
- 3,578 SF
- Property subtype
- Multi Family / Duplex-side by side
Building Details
- Year Built
- 1993
Listing agency
Stark Company, REALTORS
(608) 212-7355
Listed by
Kathy DePrey · License #39600-90
(608) 212-7355
Source
Compass
Added: Jun 4 Updated: Jul 21 at 9:21PM Checked: Jul 22 at 9:27AM
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 Stark Company, REALTORS
Investment Insights
Based on property information with market context.
Well-maintained two-unit duplex featuring identical layouts in each unit. Both sides offer three bedrooms, vaulted ceilings in the main bedroom, large double closets, and a private full bath, along with a living room with a gas fireplace. Kitchens include counter islands and come equipped with a stove, refrigerator, dishwasher, and microwave, with each unit also providing 2 1/2 bathrooms. Lower levels are nicely finished and include storage and a dedicated laundry room with washers and dryers. Exterior living includes sunlit patio doors opening to large decks with pergolas, overlooking a beautifully landscaped, privacy-fenced yard. Each unit also benefits from attached oversized two-car garages with openers.
Set in a quiet residential neighborhood on Madison’s east side, the property is described as steps from a large city park with a dog park, bike and walking trails, sport fields, and a playground. Convenience is highlighted by proximity to Target, Starbucks, shopping, restaurants, and a grocery store, with easy access to Hwy 30 and I 90/94.
Reported updates include some updated Anderson windows and Lennox high-efficiency furnaces.
Set in a quiet residential neighborhood on Madison’s east side, the property is described as steps from a large city park with a dog park, bike and walking trails, sport fields, and a playground. Convenience is highlighted by proximity to Target, Starbucks, shopping, restaurants, and a grocery store, with easy access to Hwy 30 and I 90/94.
Reported updates include some updated Anderson windows and Lennox high-efficiency furnaces.
Key Highlights
- Well‑maintained 2‑unit duplex built in 1993 with identical 3‑bedroom units
- Each unit features vaulted ceilings in the main bedroom, large double closets, a private full bath, and a gas fireplace in the living room
- Lower levels include partially finished full basements with laundry; sump pump and lower basement laundry are included
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 | $70.8k | $19.80 |
| − Vacancy | −$3.2k | −$0.89 |
| EGI | $67.7k | $18.91 |
| − OpEx | −$20.3k | −$5.67 |
| NOI | $47.4k | $13.24 |
3,578 SF · lease $19.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$676.6K
$592.0K – $789.3K
NOI $47,359 @ 7.0% cap · market cap 6.49%
Second Best
Apartment 5plus
$627.0K
$548.6K – $731.5K
NOI $43,889 @ 7.0% cap · market cap 6.01%
Theoretical Best
Office A
$1.05M
$914.5K – $1.22M
NOI $73,163 @ 7.0% cap · market cap 10.02%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Well-maintained duplex with identical 3-bedroom units, decks, privacy-fenced yard, and attached oversized two-car garages.
Where is this duplex located?
The property is located at 1120-1122 Artisan Drive Madison, WI.
What is the asking price?
The asking price for this property is $729,900.
What are key features of this property?
This property features: Well‑maintained 2‑unit duplex built in 1993 with identical 3‑bedroom units; Each unit features vaulted ceilings in the main bedroom, large double closets, a private full bath, and a gas fireplace in the living room; Lower levels include partially finished full basements with laundry; sump pump and lower basement laundry are included
