Ranch Duplex with Attached
2502-2504 Greenway Madison, WI 53713
2502-2504 Greenway, Madison, WI, 53713
$545,000
For Sale
$545,000
Single-level west-side duplex features an attached one-car garage per unit and a generous backyard, with a new roof scheduled.
Property Size2,912 SF
Price / SF$187.16
Days on Market93
Property Features for 2502-2504 Greenway
General Information
- Standard status
- Active
- Size
- 2,912 SF
- Property subtype
- Multi Family / Duplex-side by side
Building Details
- Year Built
- 1977
Listing agency
Compass
(262) 366-3798
Listed by
Jessica Osiecki · License #86204-94
(262) 366-3798
Source
Compass
Added: Apr 22 Updated: Jul 22 at 7:23PM Checked: Jul 22 at 7:23PM
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
Investment Insights
Based on property information with market context.
This west-side ranch duplex is designed for single-level living, with each unit opening to a generous backyard for outdoor use. The property includes an attached one-car garage for each unit, supporting convenience and daily accessibility. The duplex is described as filled with natural light, and a new roof is scheduled for installation prior to closing.
Located in Madison, WI, the property is positioned just moments from the bus line, bike path, and neighborhood parks, with quick access to the Beltline and downtown Madison.
For buyers considering either investment ownership or owner-occupancy, the overall ranch layout emphasizes livability while maintaining a two-unit configuration with dedicated parking through the attached garages.
Located in Madison, WI, the property is positioned just moments from the bus line, bike path, and neighborhood parks, with quick access to the Beltline and downtown Madison.
For buyers considering either investment ownership or owner-occupancy, the overall ranch layout emphasizes livability while maintaining a two-unit configuration with dedicated parking through the attached garages.
Key Highlights
- West‑side Madison single‑level ranch duplex built in 1977
- Attached one‑car garage for each unit
- Full, poured concrete basement with radon mitigation system and daylight window
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 | $57.7k | $19.80 |
| − Vacancy | −$2.6k | −$0.89 |
| EGI | $55.1k | $18.91 |
| − OpEx | −$16.5k | −$5.67 |
| NOI | $38.5k | $13.24 |
2,912 SF · lease $19.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$550.6K
$481.8K – $642.4K
NOI $38,544 @ 7.0% cap · market cap 7.07%
Second Best
Apartment 5plus
$510.3K
$446.5K – $595.3K
NOI $35,719 @ 7.0% cap · market cap 6.55%
Theoretical Best
Office A
$850.6K
$744.3K – $992.4K
NOI $59,545 @ 7.0% cap · market cap 10.93%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Single-level west-side duplex features an attached one-car garage per unit and a generous backyard, with a new roof scheduled.
Where is this duplex located?
The property is located at 2502-2504 Greenway Madison, WI.
What is the asking price?
The asking price for this property is $545,000.
What are key features of this property?
This property features: West‑side Madison single‑level ranch duplex built in 1977; Attached one‑car garage for each unit; Full, poured concrete basement with radon mitigation system and daylight window
