Stabilized 7-Unit Multifamily
3712-3724 Lien Road Madison, WI 53704
3712-3724 Lien Road, Madison, WI, 53704
$1,099,900
For Sale
$1,099,900
Stabilized 7-unit Madison property with basement laundry and a standout townhome-style unit, providing dependable in-place income.
Property Size3,800 SF
Price / SF$289.45
Days on Market62
Property Features for 3712-3724 Lien Road
General Information
- Standard status
- Active
- Size
- 3,800 SF
- Property subtype
- Multi Family / Apartment building
Building Details
- Year Built
- 1971
Listing agency
EXP Realty, LLC
(608) 213-2456
Listed by
Trey Gardner · License #90957-94
(608) 213-2456
Source
Compass
Added: May 22 Updated: Jul 10 at 1:51PM Checked: Jul 21 at 8:05AM
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 EXP Realty, LLC
Investment Insights
Based on property information with market context.
This stabilized 7-unit multifamily property includes six similar-size units with shared laundry in the basement. Unit 3724 offers a townhome-style layout with bedrooms on the upper level and its own private unfinished basement, including dedicated laundry.
Current in-place rents range from $1,100 to $1,400, with two active renewal offers accepted at $1,250. The existing tenant base includes long-term occupants that help anchor the rent roll. The property is located at 3712-3724 Lien Road in Madison, Wisconsin.
For investors and operators seeking a small, managed building, the mix of standard layouts and one distinct townhome-style unit can simplify occupancy planning while maintaining variety in the rental lineup. Buyers should review unit-by-unit lease details to confirm the renewal terms reflected in the current rent ranges and to evaluate how the shared versus dedicated laundry setup aligns with their operating preferences.
Current in-place rents range from $1,100 to $1,400, with two active renewal offers accepted at $1,250. The existing tenant base includes long-term occupants that help anchor the rent roll. The property is located at 3712-3724 Lien Road in Madison, Wisconsin.
For investors and operators seeking a small, managed building, the mix of standard layouts and one distinct townhome-style unit can simplify occupancy planning while maintaining variety in the rental lineup. Buyers should review unit-by-unit lease details to confirm the renewal terms reflected in the current rent ranges and to evaluate how the shared versus dedicated laundry setup aligns with their operating preferences.
Key Highlights
- Stabilized 7‑unit Madison multifamily built in 1971
- Unit mix includes 6 similar units plus a standout unit 3724 with a townhome‑style layout
- Laundry in the basement: shared basement laundry for the similar units and dedicated laundry in unit 3724
Local Financial Insights For Apartment 5plus
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 | $88.5k | $23.28 |
| − Vacancy | −$3.7k | −$0.98 |
| EGI | $84.7k | $22.30 |
| − OpEx | −$38.1k | −$10.04 |
| NOI | $46.6k | $12.27 |
3,800 SF · lease $23.28/SF/yr · vacancy 4.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$665.9K
$582.7K – $776.9K
NOI $46,612 @ 7.0% cap · market cap 4.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.11M
$971.3K – $1.30M
NOI $77,702 @ 7.0% cap · market cap 7.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Stabilized 7-unit Madison property with basement laundry and a standout townhome-style unit, providing dependable in-place income.
Where is this apartment building located?
The property is located at 3712-3724 Lien Road Madison, WI.
What is the asking price?
The asking price for this property is $1,099,900.
What are key features of this property?
This property features: Stabilized 7‑unit Madison multifamily built in 1971; Unit mix includes 6 similar units plus a standout unit 3724 with a townhome‑style layout; Laundry in the basement: shared basement laundry for the similar units and dedicated laundry in unit 3724
