Three-Bedroom Student Housing
For Sale
Contact for pricing
322 N Henry St Unit 201, Madison, WI 53703
Individual keyed access for each bedroom and a secured building entrance support resident privacy.
Property Size1,200 SF
Price / SF$2.33
Days on Market36
Property Features for 322 N Henry St Unit 201
General Information
Standard status
Active
Size
1,200 SF
Property subtype
Multi-Family
Units
Unit Mix
3 bdrm 1.5 bath
Multifamily Units
1
Amenities
large balcony
hardwood floor
central A/C
full-size kitchen
dishwasher
large living room
secured entry
coin-operated laundry on site
building WIFI service
keyed entry
storage
Listing Agency:
OnePlus Realty Team
Listed By:
Christine Shan · License #5277590
(608) 219-4738
Source:
Madisonareahomelistings
Added: Sep 12
Changed: Oct 16
Last Checked: Oct 16 at 9:17AM
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 OnePlus Realty Team
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,200-square-foot residence has three bedrooms, one and a half bathrooms, and a large balcony. The bedrooms have individual keyed access, and the building entrance is secured. Interior features include hardwood flooring, central air conditioning, a full-size kitchen with a dishwasher and ample cabinetry, a spacious living room, and on-site coin-operated laundry.
The unit is near State Street, the Capitol, and the UW campus. Availability begins August 15, 2027. Monthly rent includes building Wi-Fi and water service.
The unit is near State Street, the Capitol, and the UW campus. Availability begins August 15, 2027. Monthly rent includes building Wi-Fi and water service.
Key Highlights
- Three bedrooms and 1.5 bathrooms in 1,200 square feet
- Large balcony
- Each bedroom has its own keyed entry; building entry is secured
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,719
Suggested Prices Based on Cap Rates
Cap Rate 5%
$294,380
$294.4K
Cap Rate 7%
$210,271
$210.3K
Cap Rate 9%
$163,544
$163.5K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$27.9K $23.28/SF
− Vacancy
−$1.2K −$0.98/SF
EGI
$26.8K $22.30/SF
− OpEx
−$12.0K −$10.04/SF
NOI
$14.7K $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 Rate 5%
$294,380
Cap Rate 7%
$210,271
Cap Rate 9%
$163,544
Alternative Uses
Best Use
Apartment 5plus
$210.3K
$184.0K – $245.3K
NOI $14,719 @ 7.0% cap · market cap 525.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$350.5K
$306.7K – $409.0K
NOI $24,538 @ 7.0% cap · market cap 876.36%
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
5,606
Businesses Nearby
Explore this area
Business Placement
Demographics for 53703, WI
38,512
Population
21,025
Households
1.8
Avg Household Size
27
Median Age
69%
College-Educated
98%
High-School Grad
1.8 sq mi
ZIP Area
21,396
Density / Sq Mi
$46,618
Median Household Income
$27,923
Median Earnings
$1,445
Median Rent
$472,000
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - Individual keyed access for each bedroom and a secured building entrance support resident privacy.
Where is this residential income property located?
The property is located at 322 N Henry St Unit 201 Madison, WI.
What are key features of this property?
This property features: Three bedrooms and 1.5 bathrooms in 1,200 square feet; Large balcony; Each bedroom has its own keyed entry; building entry is secured
