Two-Bedroom Apartment with
For Sale
Contact for pricing
18 S Bedford Street Unit 1304, Madison, WI 53703
A private covered balcony extends the living space, alongside in-unit laundry and a primary suite with a walk-in closet.
Property Size960 SF
Price / SF$2.73
Days on Market72
Property Features for 18 S Bedford Street Unit 1304
General Information
Standard status
Active
Size
960 SF
Property subtype
Apartment
Site & Location
Neighborhood
Capitol Neighborhoods
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Amenities
raised breakfast bar
modern appliances
walk-in closet
covered balcony
in-unit laundry
rooftop terrace
fitness center
heated garage parking
extra storage
secure entry
pets allowed
Building Details
Building Size
960 SF
Listing Agency:
American, REALTORS
Listed By:
Bev Snyder · License #11038194
(575) 956-3357
Source:
Mhbrealestate
Added: Aug 24
Changed: Nov 2
Last Checked: Nov 3 at 8:28AM
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 American, REALTORS
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Investment Insights
Based on property information with market context.
This 960-square-foot apartment in downtown Madison has two bedrooms and two bathrooms, with an open living and dining area. The kitchen includes a raised breakfast bar, modern appliances, and cabinet storage. A covered private balcony, in-unit laundry, and a primary bedroom with its own bathroom and walk-in closet round out the unit. Views of the Capitol are noted.
Residents have access to a rooftop terrace, fitness center, heated garage parking, additional storage, and secure entry. Cats and dogs are permitted. Internet, water, sewer, and garbage services are included in the rent.
Residents have access to a rooftop terrace, fitness center, heated garage parking, additional storage, and secure entry. Cats and dogs are permitted. Internet, water, sewer, and garbage services are included in the rent.
Key Highlights
- 960‑square‑foot apartment with 2 bedrooms and 2 bathrooms
- Private covered balcony and views of the Capitol
- Primary bedroom includes a private bathroom and walk‑in closet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,776
Suggested Prices Based on Cap Rates
Cap Rate 5%
$235,520
$235.5K
Cap Rate 7%
$168,229
$168.2K
Cap Rate 9%
$130,844
$130.8K
Market Conditions
NOI Build-Up for 960 SF
Gross rent
$22.3K $23.28/SF
− Vacancy
−$939 −$0.98/SF
EGI
$21.4K $22.30/SF
− OpEx
−$9.6K −$10.04/SF
NOI
$11.8K $12.27/SF
Area
Madison, WI
Vacancy
4.20%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$235,520
Cap Rate 7%
$168,229
Cap Rate 9%
$130,844
Alternative Uses
Best Use
Apartment 5plus
$168.2K
$147.2K – $196.3K
NOI $11,776 @ 7.0% cap · market cap 449.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$280.4K
$245.4K – $327.2K
NOI $19,630 @ 7.0% cap · market cap 749.24%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
5,482
Businesses Nearby
Explore this area
Business Placement
Demographics for 53703, WI
38,512
Population
21,025
Households
1.8
Avg Household Size
27
Median Age
69%
College-Educated
98%
High-School Grad
1.8 sq mi
ZIP Area
21,396
Density / Sq Mi
$46,618
Median Household Income
$27,923
Median Earnings
$1,445
Median Rent
$472,000
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - A private covered balcony extends the living space, alongside in-unit laundry and a primary suite with a walk-in closet.
Where is this residential income property located?
The property is located at 18 S Bedford Street Unit 1304 Madison, WI.
What are key features of this property?
This property features: 960‑square‑foot apartment with 2 bedrooms and 2 bathrooms; Private covered balcony and views of the Capitol; Primary bedroom includes a private bathroom and walk‑in closet
