Building Details

Year Built 1992

Listing Agency: Cresa

Listed By: Matt Apter · License #5345290 Show Phone

Source: Madisonareahomesforsale

Added: Mar 1 Changed: Oct 16 Last Checked: Oct 16 at 1:59PM

Report an Issue

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 Cresa

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

Built in 1992, this duplex contains two 3-bedroom, 2-bath units totaling 2,588 square feet. Each residence has an attached two-car garage, and the property also provides four surface parking spaces. The building occupies a 0.48-acre lot and is zoned R-4 Multifamily Residential.

Both units are leased on a month-to-month basis. The property is in the Lodi School District and is described as minutes from Madison and Waunakee.

Key Highlights

• Two 3‑bedroom, 2‑bath units totaling 2,588 square feet
• 0.48‑acre lot with R‑4 Multifamily Residential zoning
• Two attached two‑car garages and four surface parking spaces

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$23,750

Cap Rate

5.65%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$475,000 $475.0K

Cap Rate 7%

$339,286 $339.3K

Cap Rate 9%

$263,889 $263.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,588 SF

Gross rent

$35.7K $13.80/SF

− Vacancy

−$1.8K −$0.69/SF

EGI

$33.9K $13.11/SF

− OpEx

−$10.2K −$3.93/SF

NOI

$23.8K $9.18/SF

Area

Dane County, WI

Vacancy

5.00%

Lease Rate

$13.80 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$475,000

Cap Rate 7%

$339,286

Cap Rate 9%

$263,889

Alternative Uses

Best Use

Multifamily LT 5

$339.3K

$296.9K – $395.8K (±1% cap)

NOI $23,750 @ 7.0% cap · market cap 5.65%

Second Best

Apartment 5plus

$298.3K

$261.0K – $348.0K (±1% cap)

NOI $20,880 @ 7.0% cap · market cap 4.97%

Theoretical Best

Office A

$601.4K

$526.2K – $701.6K (±1% cap)

NOI $42,098 @ 7.0% cap · market cap 10.02%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Grocery & Convenience Store Auto Parts Store Nail Salon Building Supply Storage Facility Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

100%

Occupancy

Location Intelligence

Trade Area within ½ mile

60

Businesses Nearby

Explore this area Business Placement

Demographics for 53529, WI

2,263

Population

899

Households

2.5

Avg Household Size

38

Median Age

25%

College-Educated

99%

High-School Grad

39.0 sq mi

ZIP Area

58

Density / Sq Mi

$100,313

Median Household Income

$53,147

Median Earnings

$374,000

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Frequently Asked Questions

What type of property is this?

Duplex - Two separately leased homes have month-to-month terms, attached garages, and additional surface parking.

Where is this duplex located?

The property is located at 211-213 North St Dane, WI.

What is the asking price?

The asking price for this property is $420,000.

What are key features of this property?

This property features: Two 3‑bedroom, 2‑bath units totaling 2,588 square feet; 0.48‑acre lot with R‑4 Multifamily Residential zoning; Two attached two‑car garages and four surface parking spaces