Ranch-Style Residential Income
For Sale
$359,900
1500 15th Street, Baraboo, WI 53913
End-unit ranch residence with a private deck, attached garage, and lower-level recreation space.
Property Size2,586 SF
Price / SF$139.17
Days on Market381
Property Features for 1500 15th Street
General Information
Standard status
Active
Size
2,586 SF
Total Parking Spaces
2
Property subtype
Condo / Ranch-1 Story
Zoning
Res
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,040
Amenities
private deck
walk-in closets
main floor laundry
rec room
storage
pet friendly
Sellers Personal Property
Range/Oven, Dishwasher, Refrigerator, Garbage Disposal, Microwave, Washer/Dryer, Water Softener, Electric Chair Lift, Window Coverings, and Garage Door Opener w/Transmitter.
Forced air, Central air, Zoned Heating
Walk-in closet(s), Great room, Washer, Dryer, Water softener included, Cable/Satellite Available
Vinyl, Brick
Gas, 1 fireplace
Private Entry, Deck/Balcony, Patio
Building Details
Year Built
2002
Construction
ranch style
Listing Agency:
Mulder Realty
(608) 712-8594
Listed By:
Terrisa Mulder · License #53421-90
(608) 712-8594
Source:
Compass
Added: Aug 16, 2025
Changed: Aug 30
Last Checked: Aug 30 at 5:28AM
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 Mulder Realty
Investment Insights
Based on property information with market context.
This 2586 SF ranch-style end-unit offers three bedrooms and 2.4 baths within the Community Gardens neighborhood. The main level includes an owner’s suite with walk-in closets, a spacious kitchen with extensive cabinetry and a large pantry, formal dining area, laundry, and a great room. A lower-level recreation room adds flexible living space, while storage is available throughout the home. The property also includes an attached 2-car garage, private entry, deck, patio, central air, zoned heating, and a fireplace.
The private deck overlooks the Baraboo Bluffs, and the home is near downtown Baraboo and walking trails. The community is designated for residents aged 55+ and permits pets. Built in 2002, the property carries Res zoning and includes a range, dishwasher, refrigerator, garbage disposal, microwave, washer/dryer, water softener, electric chair lift, window coverings, and garage door opener with transmitter.
The private deck overlooks the Baraboo Bluffs, and the home is near downtown Baraboo and walking trails. The community is designated for residents aged 55+ and permits pets. Built in 2002, the property carries Res zoning and includes a range, dishwasher, refrigerator, garbage disposal, microwave, washer/dryer, water softener, electric chair lift, window coverings, and garage door opener with transmitter.
Key Highlights
- 2586 SF ranch‑style end‑unit with 3 bedrooms and 2.4 baths
- Attached 2‑car garage, private entry, deck, and patio
- Main‑floor owner’s suite with walk‑in closets and laundry
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
$21,403
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
5.95%
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%
$428,060
$428.1K
Cap Rate 7%
$305,757
$305.8K
Cap Rate 9%
$237,811
$237.8K
Market Conditions
NOI Build-Up for 2,586 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
$41.0K $15.84/SF
− Vacancy
−$2.0K −$0.79/SF
EGI
$38.9K $15.05/SF
− OpEx
−$17.5K −$6.77/SF
NOI
$21.4K $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%
$428,060
Cap Rate 7%
$305,757
Cap Rate 9%
$237,811
Alternative Uses
Best Use
Apartment 5plus
$305.8K
$267.5K – $356.7K
NOI $21,403 @ 7.0% cap · market cap 5.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$523.5K
$458.0K – $610.7K
NOI $36,643 @ 7.0% cap · market cap 10.18%
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
122
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - End-unit ranch residence with a private deck, attached garage, and lower-level recreation space.
Where is this residential income property located?
The property is located at 1500 15th Street Baraboo, WI.
What is the asking price?
The asking price for this property is $359,900.
What are key features of this property?
This property features: 2586 SF ranch‑style end‑unit with 3 bedrooms and 2.4 baths; Attached 2‑car garage, private entry, deck, and patio; Main‑floor owner’s suite with walk‑in closets and laundry
