Residential Income Property with Tandem
For Sale
$223,000
1735 Crawford Street, Baraboo, WI 53913
One-level condo living includes an open layout, private primary bath, and unfinished lower-level expansion opportunity.
Property Size1,201 SF
Price / SF$185.68
Days on Market193
Property Features for 1735 Crawford Street
General Information
Standard status
Active
Size
1,201 SF
Total Parking Spaces
2
Property subtype
Condo / Ranch-1 Story
Zoning
Res
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,191
Amenities
gas fireplace
sellers personal property
Range/oven, Refrigerator, washer, dryer
Forced air, Central air
Wood or sim. wood floors, Walk-in closet(s), Vaulted ceiling, At Least 1 tub
Vinyl, Brick, Stone
Gas
Building Details
Year Built
2007
Construction
ranch-style
Listing Agency:
RE/MAX Preferred
(608) 393-3330
Listed By:
Nanci Jenks · License #56544-90
(608) 393-3330
Source:
Compass
Added: Feb 18
Changed: Aug 29
Last Checked: Aug 29 at 8:18PM
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 RE/MAX Preferred
Investment Insights
Based on property information with market context.
Built in 2007, this ranch-style condo offers two bedrooms, two bathrooms, and a single-level layout with an open connection between the living and dining areas. The living room includes a gas fireplace, while the kitchen provides functional workspace and room for an island. The primary bedroom has a private bath, and the second bedroom can serve guests or office needs. Wood or simulated wood floors, vaulted ceilings, a walk-in closet, forced-air heat, and central air are included.
The lower level is stubbed for an additional bathroom and remains available for future finishing. An attached tandem two-car garage provides parking and storage. Exterior materials include vinyl, brick, and stone, with gas service noted. The property is zoned Res and is located at 1735 Crawford Street in Baraboo, Wisconsin.
The lower level is stubbed for an additional bathroom and remains available for future finishing. An attached tandem two-car garage provides parking and storage. Exterior materials include vinyl, brick, and stone, with gas service noted. The property is zoned Res and is located at 1735 Crawford Street in Baraboo, Wisconsin.
Key Highlights
- 2‑bedroom, 2‑bath ranch‑style condo
- Attached tandem two‑car garage
- Lower level stubbed for an additional bathroom
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
$9,940
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
4.46%
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%
$198,800
$198.8K
Cap Rate 7%
$142,000
$142.0K
Cap Rate 9%
$110,444
$110.4K
Market Conditions
NOI Build-Up for 1,201 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
$19.0K $15.84/SF
− Vacancy
−$951 −$0.79/SF
EGI
$18.1K $15.05/SF
− OpEx
−$8.1K −$6.77/SF
NOI
$9.9K $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%
$198,800
Cap Rate 7%
$142,000
Cap Rate 9%
$110,444
Alternative Uses
Best Use
Apartment 5plus
$142.0K
$124.3K – $165.7K
NOI $9,940 @ 7.0% cap · market cap 4.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$243.1K
$212.7K – $283.6K
NOI $17,018 @ 7.0% cap · market cap 7.63%
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
77
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 - One-level condo living includes an open layout, private primary bath, and unfinished lower-level expansion opportunity.
Where is this residential income property located?
The property is located at 1735 Crawford Street Baraboo, WI.
What is the asking price?
The asking price for this property is $223,000.
What are key features of this property?
This property features: 2‑bedroom, 2‑bath ranch‑style condo; Attached tandem two‑car garage; Lower level stubbed for an additional bathroom
