Zero-Entry Residential Income
For Sale
$375,000
1222 Prairie, Janesville, WI 53545
R1-zoned condo with private entry, main-floor laundry, and low-maintenance exterior services.
Property Size1,330 SF
Price / SF$281.95
Days on Market321
Property Features for 1222 Prairie
General Information
Standard status
Active
Size
1,330 SF
Property subtype
Condo / Ranch-1 Story
Zoning
R1
Amenities
zero entry
wide hallways
main floor laundry
lawn care
snow removal
Personal property
Range/Oven, Refrigerator, Microwave, Dishwasher, Garage door opener
Forced air, Central air
Wood or sim. wood floors, Water softener included, Cable/Satellite Available, At Least 1 tub
Other, Engineered Wood
Private Entry
Building Details
Year Built
2025
Listing Agency:
Briggs Realty Group, Inc
(608) 751-4412
Listed By:
Adam Briggs · License #54192-90
(608) 751-4412
Source:
Compass
Added: Oct 14, 2025
Changed: Aug 29
Last Checked: Aug 29 at 7:18PM
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 Briggs Realty Group, Inc
Investment Insights
Based on property information with market context.
This 2025-built residential income property is configured as a zero-entry condo with a private entrance, wide hallways, and main-floor laundry. The 1,330-square-foot residence includes luxury vinyl plank or wood-similar flooring, white woodwork, contemporary light fixtures, a kitchen with range/oven, refrigerator, microwave, and dishwasher, plus sleek bathroom finishes. Forced-air heat, central air, a water softener, cable or satellite availability, and at least one tub are also provided.
An egress window serves the basement, and the home includes an attached garage door opener. Lawn care and snow removal are included among the exterior services. The property is located at 1222 Prairie in Janesville, Wisconsin, and carries R1 zoning. Models may be purchased as-is or customized with upgrades, with basement-finishing options available.
An egress window serves the basement, and the home includes an attached garage door opener. Lawn care and snow removal are included among the exterior services. The property is located at 1222 Prairie in Janesville, Wisconsin, and carries R1 zoning. Models may be purchased as-is or customized with upgrades, with basement-finishing options available.
Key Highlights
- 1,330‑square‑foot 2025‑built residential income property
- Zero‑entry design with wide hallways and private entry
- Main‑floor laundry, lawn care, and snow removal included
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
$10,786
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
2.88%
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%
$215,720
$215.7K
Cap Rate 7%
$154,086
$154.1K
Cap Rate 9%
$119,844
$119.8K
Market Conditions
NOI Build-Up for 1,330 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
$20.4K $15.36/SF
− Vacancy
−$817 −$0.61/SF
EGI
$19.6K $14.75/SF
− OpEx
−$8.8K −$6.64/SF
NOI
$10.8K $8.11/SF
Area
Rock County, WI
Vacancy
4.00%
Lease Rate
$15.36 /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%
$215,720
Cap Rate 7%
$154,086
Cap Rate 9%
$119,844
Alternative Uses
Best Use
Apartment 5plus
$154.1K
$134.8K – $179.8K
NOI $10,786 @ 7.0% cap · market cap 2.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$319.6K
$279.7K – $372.9K
NOI $22,373 @ 7.0% cap · market cap 5.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
315
Businesses Nearby
Explore this area
Business Placement
Demographics for 53545, WI
23,318
Population
11,170
Households
2.1
Avg Household Size
41
Median Age
29%
College-Educated
94%
High-School Grad
22.5 sq mi
ZIP Area
1,036
Density / Sq Mi
$70,730
Median Household Income
$42,567
Median Earnings
$1,006
Median Rent
$204,000
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - R1-zoned condo with private entry, main-floor laundry, and low-maintenance exterior services.
Where is this residential income property located?
The property is located at 1222 Prairie Janesville, WI.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 1,330‑square‑foot 2025‑built residential income property; Zero‑entry design with wide hallways and private entry; Main‑floor laundry, lawn care, and snow removal included
