Ranch Residential Income
For Sale
$350,000
3356 North Stone Creek Circle, Madison, WI 53719
No-step entry, open living areas, attached garage, and unfinished basement provide practical single-level functionality.
Property Size1,566 SF
Price / SF$223.50
Days on Market131
Property Features for 3356 North Stone Creek Circle
General Information
Standard status
Active
Size
1,566 SF
Total Parking Spaces
2
Property subtype
Condo / Ranch-1 Story
Zoning
SR-V2
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,631
Amenities
gas fireplace
sunroom
laundry room
Seller’s Personal Property
Refrigerator, Range/Oven, Microwave, Dishwasher, Disposal, Washer/Dryer, All Window Coverings/Blinds
Forced air, Central air
Washer, Dryer, At Least 1 tub
Vinyl
Gas, 1 fireplace
Building Details
Year Built
1999
Construction
ranch
Listing Agency:
MHB Real Estate
Listed By:
Brooke Mussehl · License #95858-94
(608) 709-8558
Source:
Compass
Added: Apr 28
Changed: Aug 30
Last Checked: Aug 30 at 7:42AM
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 MHB Real Estate
Investment Insights
Based on property information with market context.
This ranch-style condominium at 3356 North Stone Creek Circle offers 1,566 square feet with an open main-level layout. The interior includes a stainless steel kitchen, dining area, vaulted living room with a gas fireplace, sunroom, primary suite with walk-in closet, office or den, adjacent full bathroom, and main-level laundry. An attached two-car garage and unfinished basement add storage and utility. The property was built in 1999 and has a 2025 roof plus a 2013 AC and water heater.
The residence is positioned near parks and schools, with access to Fitchburg, Verona, and Madison’s West Side. Zoning is SR-V2. Included features and equipment include refrigerator, range/oven, microwave, dishwasher, disposal, washer and dryer, window coverings, forced air, central air, and one gas fireplace.
The residence is positioned near parks and schools, with access to Fitchburg, Verona, and Madison’s West Side. Zoning is SR-V2. Included features and equipment include refrigerator, range/oven, microwave, dishwasher, disposal, washer and dryer, window coverings, forced air, central air, and one gas fireplace.
Key Highlights
- 1,566 SF ranch‑style condominium built in 1999
- 2025 roof; 2013 AC and water heater
- Open main‑level layout with vaulted living room and gas fireplace
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
$19,209
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
5.49%
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%
$384,180
$384.2K
Cap Rate 7%
$274,414
$274.4K
Cap Rate 9%
$213,433
$213.4K
Market Conditions
NOI Build-Up for 1,566 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
$36.5K $23.28/SF
− Vacancy
−$1.5K −$0.98/SF
EGI
$34.9K $22.30/SF
− OpEx
−$15.7K −$10.04/SF
NOI
$19.2K $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%
$384,180
Cap Rate 7%
$274,414
Cap Rate 9%
$213,433
Alternative Uses
Best Use
Apartment 5plus
$274.4K
$240.1K – $320.2K
NOI $19,209 @ 7.0% cap · market cap 5.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$457.5K
$400.3K – $533.7K
NOI $32,022 @ 7.0% cap · market cap 9.15%
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
228
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 - No-step entry, open living areas, attached garage, and unfinished basement provide practical single-level functionality.
Where is this residential income property located?
The property is located at 3356 North Stone Creek Circle Madison, WI.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 1,566 SF ranch‑style condominium built in 1999; 2025 roof; 2013 AC and water heater; Open main‑level layout with vaulted living room and gas fireplace
