Duplex Residential Income
2022-2026 Dodge Street Madison, WI 53713
2022-2026 Dodge Street, Madison, WI, 53713
$524,900
For Sale
$524,900
For sale duplex residential income property with a total size of 3,234 square feet.
Property Size3,234 SF
Price / SF$162.31
Days on Market164
Property Features for 2022-2026 Dodge Street
General Information
- Standard status
- Active
- Size
- 3,234 SF
- Property subtype
- Multi Family / Duplex-side by side
Building Details
- Year Built
- 1975
Listing agency
First Weber Inc
(608) 217-6455
Listed by
Randy Hess · License #36530-90
(608) 217-6455
Source
Compass
Added: Feb 8 Updated: Jul 22 at 2:19AM Checked: Jul 22 at 2:19AM
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 First Weber Inc
Investment Insights
Based on property information with market context.
This duplex residential income property is offered for sale as a multifamily asset. The total building size is 3,234 square feet.
The property is located at 2022-2026 Dodge Street in Madison, Wisconsin 53713.
The property is located at 2022-2026 Dodge Street in Madison, Wisconsin 53713.
Key Highlights
- Duplex income property with 3,234 SF total size
- Built in 1975
- Full, partially finished poured concrete basement with sump pump
Local 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 | $64.0k | $19.80 |
| − Vacancy | −$2.9k | −$0.89 |
| EGI | $61.2k | $18.91 |
| − OpEx | −$18.3k | −$5.67 |
| NOI | $42.8k | $13.24 |
3,234 SF · lease $19.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$611.5K
$535.1K – $713.4K
NOI $42,806 @ 7.0% cap · market cap 8.16%
Second Best
Apartment 5plus
$566.7K
$495.9K – $661.2K
NOI $39,669 @ 7.0% cap · market cap 7.56%
Theoretical Best
Office A
$944.7K
$826.6K – $1.10M
NOI $66,129 @ 7.0% cap · market cap 12.60%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - For sale duplex residential income property with a total size of 3,234 square feet.
Where is this duplex located?
The property is located at 2022-2026 Dodge Street Madison, WI.
What is the asking price?
The asking price for this property is $524,900.
What are key features of this property?
This property features: Duplex income property with 3,234 SF total size; Built in 1975; Full, partially finished poured concrete basement with sump pump
