Single-Level Residential Income
For Sale
$269,900
1161 Maple Street, Reedsburg, WI 53959
Age-restricted condo with open living areas, patio access, and association-maintained lawn care and snow removal.
Property Size1,152 SF
Price / SF$234.29
Days on Market244
Property Features for 1161 Maple Street
General Information
Standard status
Active
Size
1,152 SF
Property subtype
Condo / Ranch-1 Story
Zoning
R2
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$144
Amenities
Forced air, Central air
At Least 1 tub
Vinyl
Private Entry, Patio
Building Details
Year Built
2025
Listing Agency:
Bunbury & Assoc, REALTORS
(608) 620-5981
Listed By:
Amy Lewison Berner · License #52402-90
(608) 620-5981
Source:
Compass
Added: Dec 29, 2025
Changed: Aug 29
Last Checked: Aug 29 at 7:40PM
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 residential income property is a new, single-level condo planned for age-restricted association living, with occupancy limited to residents ages 55 and better. The 1,152 property-size measurement is paired with an open arrangement designed around connected living and dining areas. The kitchen includes a breakfast bar, stainless appliances, extensive countertop space, and lower drawers for easier access. Luxury vinyl plank flooring runs through the main areas, while the bathrooms use tile. Forced-air heating, central air, a tub, a private entry, and a patio are included. Construction completion is dated 2/13/2026, and a one-year builder warranty is included.
The property is located at 1161 Maple Street in Reedsburg, Wisconsin, within R2 zoning. Association dues cover lawn care and snow removal. The setting is described as a quiet cul-de-sac, providing a residential environment for the age-restricted condominium association.
The property is located at 1161 Maple Street in Reedsburg, Wisconsin, within R2 zoning. Association dues cover lawn care and snow removal. The setting is described as a quiet cul-de-sac, providing a residential environment for the age-restricted condominium association.
Key Highlights
- Age‑restricted association limited to residents ages 55 and better
- Single‑level condo designed for convenient everyday living
- Kitchen includes breakfast bar, stainless appliances, and lower cabinet drawers
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
$9,534
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
3.53%
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%
$190,680
$190.7K
Cap Rate 7%
$136,200
$136.2K
Cap Rate 9%
$105,933
$105.9K
Market Conditions
NOI Build-Up for 1,152 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
$18.2K $15.84/SF
− Vacancy
−$912 −$0.79/SF
EGI
$17.3K $15.05/SF
− OpEx
−$7.8K −$6.77/SF
NOI
$9.5K $8.28/SF
Area
Sauk County, WI
Vacancy
5.00%
Lease Rate
$15.84 /SF/Yr
Expense Ratio
45.00%
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%
$190,680
Cap Rate 7%
$136,200
Cap Rate 9%
$105,933
Alternative Uses
Best Use
Apartment 5plus
$136.2K
$119.2K – $158.9K
NOI $9,534 @ 7.0% cap · market cap 3.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$233.2K
$204.0K – $272.1K
NOI $16,323 @ 7.0% cap · market cap 6.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
274
Businesses Nearby
Explore this area
Business Placement
Demographics for 53959, WI
14,298
Population
5,930
Households
2.4
Avg Household Size
41
Median Age
25%
College-Educated
94%
High-School Grad
111.6 sq mi
ZIP Area
128
Density / Sq Mi
$76,313
Median Household Income
$41,886
Median Earnings
$954
Median Rent
$240,500
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Age-restricted condo with open living areas, patio access, and association-maintained lawn care and snow removal.
Where is this residential income property located?
The property is located at 1161 Maple Street Reedsburg, WI.
What is the asking price?
The asking price for this property is $269,900.
What are key features of this property?
This property features: Age‑restricted association limited to residents ages 55 and better; Single‑level condo designed for convenient everyday living; Kitchen includes breakfast bar, stainless appliances, and lower cabinet drawers
