Townhouse-Style Duplex with
For Sale
$550,000
3014-3016 Todd Drive, Madison, WI 53713
Two townhouse-style residences provide owner-occupancy flexibility in a wooded setting near transit and schools.
Property Size3,000 SF
Price / SF$183.33
Days on Market150
Property Features for 3014-3016 Todd Drive
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Multi Family / Duplex-side by side
Zoning
SR-C3
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,912
Amenities
Full, Partially finished
Natural Gas
Forced air
tenant and sellers personal property
Unit 3016= fridge, stove, dishwasher. Unit 3014= stove, fridge, dishwasher, microwave, garage remote
2
Wood
Building Details
Year Built
1967
Buildings
1
Units
2
Construction
townhouse-style
Listing Agency:
Sprinkman Real Estate
(608) 279-4313
Listed By:
Lori Schilling · License #81122-94
(608) 279-4313
Source:
Compass
Added: Apr 3
Changed: Aug 30
Last Checked: Aug 30 at 4:17AM
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 Sprinkman Real Estate
Investment Insights
Based on property information with market context.
Built in 1967, this 3,000-square-foot duplex contains two townhouse-style residences with natural gas and forced-air systems. The larger unit at 3014 includes two stone, wood-burning fireplaces, a screened porch, a second full bath, and an attached two-car garage. Both residences receive abundant natural light and face a wooded backyard.
The property is served by a bus line and offers access to the Beltline. Parks, an elementary school, and West High School are within walking distance. Zoned SR-C3, the duplex presents an owner-occupancy configuration with two residential units and established physical separation between the living spaces.
The property is served by a bus line and offers access to the Beltline. Parks, an elementary school, and West High School are within walking distance. Zoned SR-C3, the duplex presents an owner-occupancy configuration with two residential units and established physical separation between the living spaces.
Key Highlights
- 3,000 SF duplex with two townhouse‑style units
- Unit 3014 includes two stone, wood‑burning fireplaces
- Attached two‑car garage serves the larger residence
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$39,709
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.22%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$794,180
$794.2K
Cap Rate 7%
$567,271
$567.3K
Cap Rate 9%
$441,211
$441.2K
Market Conditions
NOI Build-Up for 3,000 SF
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.
Gross rent
$59.4K $19.80/SF
− Vacancy
−$2.7K −$0.89/SF
EGI
$56.7K $18.91/SF
− OpEx
−$17.0K −$5.67/SF
NOI
$39.7K $13.24/SF
Area
Madison, WI
Vacancy
4.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$794,180
Cap Rate 7%
$567,271
Cap Rate 9%
$441,211
Alternative Uses
Best Use
Multifamily LT 5
$567.3K
$496.4K – $661.8K
NOI $39,709 @ 7.0% cap · market cap 7.22%
Second Best
Apartment 5plus
$525.7K
$460.0K – $613.3K
NOI $36,799 @ 7.0% cap · market cap 6.69%
Theoretical Best
Office A
$876.3K
$766.8K – $1.02M
NOI $61,344 @ 7.0% cap · market cap 11.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
815
Businesses Nearby
Explore this area
Business Placement
Demographics for 53713, WI
23,291
Population
11,635
Households
2
Avg Household Size
32
Median Age
39%
College-Educated
86%
High-School Grad
9.8 sq mi
ZIP Area
2,377
Density / Sq Mi
$57,833
Median Household Income
$36,998
Median Earnings
$1,173
Median Rent
$259,100
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?
Duplex - Two townhouse-style residences provide owner-occupancy flexibility in a wooded setting near transit and schools.
Where is this duplex located?
The property is located at 3014-3016 Todd Drive Madison, WI.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 3,000 SF duplex with two townhouse‑style units; Unit 3014 includes two stone, wood‑burning fireplaces; Attached two‑car garage serves the larger residence
