Duplex with Two-Car
3541 Graceland Avenue Madison, WI 53704
3541 Graceland Avenue, Madison, WI, 53704
$324,900
For Sale
$324,900
Each side offers a 1BR/1BA layout with dedicated washer/dryer access in a shared basement.
Property Size1,104 SF
Price / SF$294.29
Days on Market37
Property Features for 3541 Graceland Avenue
General Information
- Standard status
- Active
- Size
- 1,104 SF
- Property subtype
- Multi Family / Duplex-side by side
Building Details
- Year Built
- 1979
Listing agency
Madcityhomes.Com
(608) 438-3150
Listed by
Stuart Meland · License #51242-90
(608) 438-3150
Source
Compass
Added: Jun 16 Updated: Jul 22 at 8:58AM Checked: Jul 22 at 8:58AM
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 Madcityhomes.Com
Investment Insights
Based on property information with market context.
This duplex provides two separate 1BR/1BA units, with separate washer/dryer arrangements in a shared basement. The property also includes ample storage and a two-car garage.
Recent improvements include a new roof, gutters, and water heaters installed in 2024.
The home is located close to MATC, East Towne, bus stops, and the interstate, with many walkable amenities nearby.
Recent improvements include a new roof, gutters, and water heaters installed in 2024.
The home is located close to MATC, East Towne, bus stops, and the interstate, with many walkable amenities nearby.
Key Highlights
- Duplex with 1BR/1BA on each side (each unit has dedicated washer/dryer access in a shared basement)
- Full, poured concrete basement with separate washer/dryer for each side
- New roof, gutters, and water heaters in 2024
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 | $21.9k | $19.80 |
| − Vacancy | −$984 | −$0.89 |
| EGI | $20.9k | $18.91 |
| − OpEx | −$6.3k | −$5.67 |
| NOI | $14.6k | $13.24 |
1,104 SF · lease $19.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$208.8K
$182.7K – $243.6K
NOI $14,613 @ 7.0% cap · market cap 4.50%
Second Best
Apartment 5plus
$193.5K
$169.3K – $225.7K
NOI $13,542 @ 7.0% cap · market cap 4.17%
Theoretical Best
Office A
$322.5K
$282.2K – $376.3K
NOI $22,575 @ 7.0% cap · market cap 6.95%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Each side offers a 1BR/1BA layout with dedicated washer/dryer access in a shared basement.
Where is this duplex located?
The property is located at 3541 Graceland Avenue Madison, WI.
What is the asking price?
The asking price for this property is $324,900.
What are key features of this property?
This property features: Duplex with 1BR/1BA on each side (each unit has dedicated washer/dryer access in a shared basement); Full, poured concrete basement with separate washer/dryer for each side; New roof, gutters, and water heaters in 2024
