Duplex with Private
1913 East Washington Avenue Madison, WI 53704
For Sale
$415,000
Two units each offer two bedrooms, one bath, private entrances, and separate utilities with 2017 furnaces and water heaters.
Property Size1,706 SF
Price / SF$243.26
Days on Market79
Property Features for 1913 East Washington Avenue
General Information
- Standard status
- Active
- Size
- 1,706 SF
- Property subtype
- Multi Family / 2 story
Building Details
- Year Built
- 1904
Listing Agency:
Bunbury & Assoc, REALTORS
(608) 284-0277
Listed By:
Carolyn Doering · License #81186-94
(608) 284-0277
Source:
Compass
Added: May 7
Changed: Jul 22
Last Checked: Jul 23 at 10:50AM
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 East Washington Ave duplex offers two separate residential units, each featuring two bedrooms and one bathroom with private entrances. The units have separate utilities, including individual meters, furnaces, and water heaters installed in 2017. A washer and dryer hookup is available in the basement. For operating costs, the owner currently pays water and sewer.
The property also includes a large two-car garage, providing tenants with valuable off-street parking. Showings begin Friday, May 6.
Overall, the layout supports independent unit living with separate metering and mechanicals, complemented by on-site parking.
The property also includes a large two-car garage, providing tenants with valuable off-street parking. Showings begin Friday, May 6.
Overall, the layout supports independent unit living with separate metering and mechanicals, complemented by on-site parking.
Key Highlights
- East Washington Ave 2‑flat built in 1904 with two separate 2BR/1BA units
- Each unit has private entrances and separate utilities, including individual meters
- Separate heating systems: 2 furnaces and 2 water heaters (2017)
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $33.8k | $19.80 |
| − Vacancy | −$1.5k | −$0.89 |
| EGI | $32.3k | $18.91 |
| − OpEx | −$9.7k | −$5.67 |
| NOI | $22.6k | $13.24 |
1,706 SF · lease $19.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$322.6K
$282.3K – $376.4K
NOI $22,581 @ 7.0% cap · market cap 5.44%
Second Best
Apartment 5plus
$298.9K
$261.6K – $348.8K
NOI $20,926 @ 7.0% cap · market cap 5.04%
Theoretical Best
Office A
$498.3K
$436.1K – $581.4K
NOI $34,884 @ 7.0% cap · market cap 8.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two units each offer two bedrooms, one bath, private entrances, and separate utilities with 2017 furnaces and water heaters.
Where is this duplex located?
The property is located at 1913 East Washington Avenue Madison, WI.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: East Washington Ave 2‑flat built in 1904 with two separate 2BR/1BA units; Each unit has private entrances and separate utilities, including individual meters; Separate heating systems: 2 furnaces and 2 water heaters (2017)
