End-Unit
2118 Red Arrow Trl, Fitchburg, WI 53711
For Sale
Contact for pricing
The second-floor residence includes on-site laundry, off-street parking, and heat and water provided by the landlord.
Property Size750 SF
Price / SF$1.57
Days on Market46
Property Features for 2118 Red Arrow Trl
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Highway Access
Amenities
on-site laundry
off-street parking
Listing Agency:
Investment Realty Services LLC
Listed By:
Eric Breidel · License #11950
(608) 332-3337
Source:
Madisonareahomesforsale
Added: Sep 22
Changed: Nov 6
Last Checked: Nov 6 at 2:38PM
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 Investment Realty Services LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 750-square-foot, one-bedroom, one-bath apartment occupies an end-unit position on the second floor. On-site laundry and off-street parking are available. The landlord supplies heat, water, lawn care, and snow removal; the tenant is responsible for electricity. A six-month lease may be considered. Qualified cats may be accepted for an additional fee, while dogs are not permitted. The apartment is available December 1.
At 2118 Red Arrow Trl in Fitchburg, the property is minutes from the Beltline and approximately 15 minutes from Capitol Square.
At 2118 Red Arrow Trl in Fitchburg, the property is minutes from the Beltline and approximately 15 minutes from Capitol Square.
Key Highlights
- 750‑square‑foot, one‑bedroom, one‑bath second‑floor apartment
- End‑unit position
- On‑site laundry and off‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,051
Suggested Prices Based on Cap Rates
Cap Rate 5%
$121,020
$121.0K
Cap Rate 7%
$86,443
$86.4K
Cap Rate 9%
$67,233
$67.2K
Market Conditions
NOI Build-Up for 750 SF
Gross rent
$11.5K $15.36/SF
− Vacancy
−$518 −$0.69/SF
EGI
$11.0K $14.67/SF
− OpEx
−$5.0K −$6.60/SF
NOI
$6.1K $8.07/SF
Area
Dane County, WI
Vacancy
4.50%
Lease Rate
$15.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$121,020
Cap Rate 7%
$86,443
Cap Rate 9%
$67,233
Alternative Uses
Best Use
Apartment 5plus
$86.4K
$75.6K – $100.9K
NOI $6,051 @ 7.0% cap · market cap 514.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$174.3K
$152.5K – $203.3K
NOI $12,200 @ 7.0% cap · market cap 1,038.30%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
638
Businesses Nearby
Explore this area
Business Placement
Demographics for 53711, WI
51,448
Population
23,500
Households
2.2
Avg Household Size
37
Median Age
66%
College-Educated
97%
High-School Grad
26.0 sq mi
ZIP Area
1,979
Density / Sq Mi
$101,236
Median Household Income
$55,284
Median Earnings
$1,357
Median Rent
$387,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Residential income properties in Dane County, WI
Properties on Market for Residential income properties in Dane County
Frequently Asked Questions
What type of property is this?
Residential income property - The second-floor residence includes on-site laundry, off-street parking, and heat and water provided by the landlord.
Where is this residential income property located?
The property is located at 2118 Red Arrow Trl Fitchburg, WI.
What are key features of this property?
This property features: 750‑square‑foot, one‑bedroom, one‑bath second‑floor apartment; End‑unit position; On‑site laundry and off‑street parking
