Brick 8-Unit Apartment
For Sale
$1,450,000
225 Nautilus Drive, Madison, WI 53705
Solidly built brick 8-unit property with detached garage space and basement laundry for tenant use.
Property Size3,248 SF
Price / SF$446.43
Days on Market739
Property Features for 225 Nautilus Drive
General Information
Standard status
Active
Size
3,248 SF
Total Parking Spaces
8
Property subtype
Multi Family / Apartment building
Zoning
Commercial
Net Operating Income
$59,134
Additional Details
Multifamily Units
8
Taxes and HOA fees
Annual Taxes
$21,554
Amenities
storage locker
basement laundry area
Poured concrete foundatn
Natural Gas
Radiant
Seller and tenants' personal property.
Refrigerator (8), range/oven (8), washer (2), dryer (2).
2
8
4
Brick
Building Details
Year Built
1965
Units
8
Construction
brick
Tenancy
Multi
Listing Agency:
Assist 2 Sell Homes 4 You Realty
Listed By:
Frank Pohlkamp · License #36244-90 1253-10
(608) 225-5954
Source:
Compass
Added: Aug 30, 2024
Changed: Aug 8
Last Checked: Jul 23 at 8:43AM
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 Assist 2 Sell Homes 4 You Realty
Investment Insights
Based on property information with market context.
This solidly built brick 8-unit apartment property is located in an established neighborhood. The building includes detached garage space for each unit, along with a storage locker. A basement laundry area is provided for tenant use. The property is described as well-maintained, with some cosmetic updates available.
The remarks note a strong rental history and potential for rental increases. Rents listed are for units in Building 225, with additional unit rents provided for Building 229.
Tenants are said to have similar floorplans across the units and similar condition. Only 1 unit is expected to be available for the initial showing.
The remarks note a strong rental history and potential for rental increases. Rents listed are for units in Building 225, with additional unit rents provided for Building 229.
Tenants are said to have similar floorplans across the units and similar condition. Only 1 unit is expected to be available for the initial showing.
Key Highlights
- Solidly built brick 8‑unit property built in 1965 in an established neighborhood
- Each unit includes 1 space in a detached garage plus a storage locker
- Basement laundry area for tenant use in each building
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,531
Businesses Nearby
Explore this area
Business Placement
Demographics for 53705, WI
24,695
Population
12,796
Households
1.9
Avg Household Size
36
Median Age
75%
College-Educated
97%
High-School Grad
6.3 sq mi
ZIP Area
3,920
Density / Sq Mi
$82,315
Median Household Income
$49,173
Median Earnings
$1,322
Median Rent
$446,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Solidly built brick 8-unit property with detached garage space and basement laundry for tenant use.
Where is this apartment building located?
The property is located at 225 Nautilus Drive Madison, WI.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Solidly built brick 8‑unit property built in 1965 in an established neighborhood; Each unit includes 1 space in a detached garage plus a storage locker; Basement laundry area for tenant use in each building
