Residential Income Condo with
For Sale
$159,000
Pending
2162 Allen Boulevard Unit 1, Middleton, WI 53562
Two-bedroom condo with patio access, dedicated storage, and included appliances.
Property Size820 SF
Days on Market124
Property Features for 2162 Allen Boulevard Unit 1
General Information
Standard status
Pending
Size
820 SF
Property subtype
Condo / Ranch-1 Story
Zoning
PUDSIP
Additional Details
HOA Fee
$395
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,350
Amenities
patio
wooded courtyard
separate storage area
Sellers property
Range, refrigerator, dishwasher, microwave, window blinds
Radiant, Window AC
Vinyl, Brick
Building Details
Year Built
1968
Listing Agency:
Compass Real Estate Wisconsin
Listed By:
Mary Whitcomb · License #56012-90
(608) 712-4399
Source:
Compass
Added: Jun 16
Changed: Oct 11
Last Checked: Oct 16 at 11:06AM
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 Compass Real Estate Wisconsin
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Investment Insights
Based on property information with market context.
This 820-square-foot condominium offers two bedrooms, a walkout to a patio, and a wooded courtyard setting. The unit includes a one-car attached garage, additional outdoor parking, and a separate storage area. Appliances include a range, refrigerator, dishwasher, and microwave, while window blinds, radiant heat, and window air conditioning are also provided. Exterior finishes combine vinyl and brick.
The property is located across from Marshall Park and Lake Mendota, with bus service to the UW campus and downtown. The condominium association fee covers heat, water, hot water, trash and snow removal, common-area maintenance, and insurance. A new roof was installed in June of 2026. The property was built in 1968 and carries PUDSIP zoning.
The property is located across from Marshall Park and Lake Mendota, with bus service to the UW campus and downtown. The condominium association fee covers heat, water, hot water, trash and snow removal, common-area maintenance, and insurance. A new roof was installed in June of 2026. The property was built in 1968 and carries PUDSIP zoning.
Key Highlights
- 820‑square‑foot condominium with two bedrooms
- One‑car attached garage, outdoor parking, and separate storage area
- Walkout patio overlooking a wooded courtyard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,616
Cap Rate
4.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$132,320
$132.3K
Cap Rate 7%
$94,514
$94.5K
Cap Rate 9%
$73,511
$73.5K
Market Conditions
NOI Build-Up for 820 SF
Gross rent
$12.6K $15.36/SF
− Vacancy
−$567 −$0.69/SF
EGI
$12.0K $14.67/SF
− OpEx
−$5.4K −$6.60/SF
NOI
$6.6K $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%
$132,320
Cap Rate 7%
$94,514
Cap Rate 9%
$73,511
Alternative Uses
Best Use
Apartment 5plus
$94.5K
$82.7K – $110.3K
NOI $6,616 @ 7.0% cap · market cap 4.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$190.6K
$166.7K – $222.3K
NOI $13,339 @ 7.0% cap · market cap 8.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
384
Businesses Nearby
Explore this area
Business Placement
Demographics for 53562, WI
29,092
Population
13,617
Households
2.1
Avg Household Size
40
Median Age
65%
College-Educated
96%
High-School Grad
31.1 sq mi
ZIP Area
935
Density / Sq Mi
$97,241
Median Household Income
$60,688
Median Earnings
$1,394
Median Rent
$495,600
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom condo with patio access, dedicated storage, and included appliances.
Where is this residential income property located?
The property is located at 2162 Allen Boulevard Unit 1 Middleton, WI.
What is the asking price?
The asking price for this property is $159,000.
What are key features of this property?
This property features: 820‑square‑foot condominium with two bedrooms; One‑car attached garage, outdoor parking, and separate storage area; Walkout patio overlooking a wooded courtyard
