Townhouse Condo with Private
For Sale
$335,000
3130 Dorchester Way Unit 4, Madison, WI 53719
Bright townhouse condo with two bedrooms, a finished walk-out lower level, private patio, balcony, and attached two-car garage.
Property Size2,025 SF
Price / SF$165.43
Days on Market149
Property Features for 3130 Dorchester Way Unit 4
General Information
Standard status
Active
Size
2,025 SF
Total Parking Spaces
2
Property subtype
Condo / Ranch-1 Story
Zoning
SR-V2
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$6,102
Amenities
gas fireplace
balcony
walk-in closet
patio
laundry room
Water Softener, Range/Oven, Refrigerator, Dishwasher, Microwave, Disposal, Washer, Dryer, All Window Coverings, Garage Door Opener/Remotes
Forced air, Central air
Wood or sim. wood floors, Walk-in closet(s), Washer, Dryer, Water softener included, Cable/Satellite Available, At Least 1 tub, Split bedrooms, Internet - Cable, Internet -Fiber Available, Smart thermostat, All Window Coverings, Ceiling Fan(s), Primary Bath
Vinyl, Brick
Gas, 1 fireplace
Private Entry, Deck/Balcony, Patio
Building Details
Year Built
2002
Listing Agency:
Compass
Listed By:
Rachael See · License #55812-94
(608) 217-2660
Source:
Compass
Added: Apr 9
Changed: Sep 2
Last Checked: Aug 31 at 6:23AM
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 2,025-square-foot townhouse condo, built in 2002, offers a private entrance and an open main-level layout with a kitchen, dining area, living room, gas fireplace, and balcony access. Two bedrooms are located on the main level, including a primary suite with its own bathroom and walk-in closet. The lower level adds a family room with walk-out access to a patio, while the laundry room connects to the private two-car garage. Interior features include wood or simulated wood flooring, central air, forced-air heating, a water softener, window coverings, and a smart thermostat.
The property is located at 3130 Dorchester Way, Unit 4, in Madison, Wisconsin. The SR-V2 zoning designation is listed for the property. The condo association replaced the roofs, gutters, and downspouts in 2022. The furnace and air-conditioning system was replaced with a two-stage unit in 2022, and interior paint is identified as a 2026 update.
The property is located at 3130 Dorchester Way, Unit 4, in Madison, Wisconsin. The SR-V2 zoning designation is listed for the property. The condo association replaced the roofs, gutters, and downspouts in 2022. The furnace and air-conditioning system was replaced with a two-stage unit in 2022, and interior paint is identified as a 2026 update.
Key Highlights
- 2,025‑square‑foot townhouse condo built in 2002
- Two bedrooms on the main level, including a primary suite with private bath and walk‑in closet
- Finished lower‑level family room with walk‑out access to a spacious patio
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
$24,839
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
7.41%
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%
$496,780
$496.8K
Cap Rate 7%
$354,843
$354.8K
Cap Rate 9%
$275,989
$276.0K
Market Conditions
NOI Build-Up for 2,025 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
$47.1K $23.28/SF
− Vacancy
−$2.0K −$0.98/SF
EGI
$45.2K $22.30/SF
− OpEx
−$20.3K −$10.04/SF
NOI
$24.8K $12.27/SF
Area
Madison, WI
Vacancy
4.20%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
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%
$496,780
Cap Rate 7%
$354,843
Cap Rate 9%
$275,989
Alternative Uses
Best Use
Apartment 5plus
$354.8K
$310.5K – $414.0K
NOI $24,839 @ 7.0% cap · market cap 7.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$591.5K
$517.6K – $690.1K
NOI $41,407 @ 7.0% cap · market cap 12.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
283
Businesses Nearby
Explore this area
Business Placement
Demographics for 53719, WI
32,151
Population
16,160
Households
2
Avg Household Size
35
Median Age
61%
College-Educated
96%
High-School Grad
10.2 sq mi
ZIP Area
3,152
Density / Sq Mi
$92,223
Median Household Income
$59,334
Median Earnings
$1,429
Median Rent
$349,300
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Bright townhouse condo with two bedrooms, a finished walk-out lower level, private patio, balcony, and attached two-car garage.
Where is this residential income property located?
The property is located at 3130 Dorchester Way Unit 4 Madison, WI.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: 2,025‑square‑foot townhouse condo built in 2002; Two bedrooms on the main level, including a primary suite with private bath and walk‑in closet; Finished lower‑level family room with walk‑out access to a spacious patio
