Three-Bedroom Residential Income
For Sale
$387,900
3765 Avery, Janesville, WI 53546
Condominium with an open-concept layout, vaulted ceiling, patio, central air, and included kitchen appliances.
Property Size1,583 SF
Price / SF$245.04
Days on Market153
Property Features for 3765 Avery
General Information
Standard status
Active
Size
1,583 SF
Property subtype
Condo / Ranch-1 Story
Zoning
Res
Taxes and HOA fees
Annual Taxes
$500
Amenities
Sellers personal property
Refrigerator, Electric Range, Dishwasher, Microwave Builder 1 year warranty
Forced air, Central air
Wood or sim. wood floors, Great room, Vaulted ceiling, Cable/Satellite Available, At Least 1 tub
Vinyl, Stone
Patio
Building Details
Year Built
2026
Listing Agency:
Advantage Homes, Inc
Listed By:
Tina Gould · License #111374-94
(608) 590-6202
Source:
Compass
Added: Apr 8
Changed: Sep 2
Last Checked: Aug 30 at 6:16PM
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 Advantage Homes, Inc
Investment Insights
Based on property information with market context.
This residential income property is a three-bedroom condominium with an estimated July 2026 completion. The planned interior includes an open-concept floorplan, spacious bedrooms, a great room, vaulted ceiling, and wood or similar wood floors. The kitchen is specified with a refrigerator, electric range, dishwasher, and microwave, while forced-air heating and central air provide year-round climate control. A patio and vinyl-and-stone exterior complete the property. The home is located at 3765 Avery in Janesville, Wisconsin, near shopping and dining. Zoning is listed as Res, and a one-year builder warranty is included. Marketing photographs depict a similar home and may not represent the cabinets or flooring in this property.
Key Highlights
- Three‑bedroom condominium with 1,583 SF of property size
- Estimated completion in July 2026
- Open‑concept floorplan with great room and vaulted ceiling
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
$12,838
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
3.31%
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%
$256,760
$256.8K
Cap Rate 7%
$183,400
$183.4K
Cap Rate 9%
$142,644
$142.6K
Market Conditions
NOI Build-Up for 1,583 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
$24.3K $15.36/SF
− Vacancy
−$973 −$0.61/SF
EGI
$23.3K $14.75/SF
− OpEx
−$10.5K −$6.64/SF
NOI
$12.8K $8.11/SF
Area
Rock County, WI
Vacancy
4.00%
Lease Rate
$15.36 /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%
$256,760
Cap Rate 7%
$183,400
Cap Rate 9%
$142,644
Alternative Uses
Best Use
Apartment 5plus
$183.4K
$160.5K – $214.0K
NOI $12,838 @ 7.0% cap · market cap 3.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$380.4K
$332.9K – $443.8K
NOI $26,629 @ 7.0% cap · market cap 6.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
35
Businesses Nearby
Explore this area
Business Placement
Demographics for 53546, WI
31,190
Population
12,816
Households
2.4
Avg Household Size
41
Median Age
26%
College-Educated
95%
High-School Grad
81.1 sq mi
ZIP Area
385
Density / Sq Mi
$73,430
Median Household Income
$45,481
Median Earnings
$1,076
Median Rent
$220,100
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Condominium with an open-concept layout, vaulted ceiling, patio, central air, and included kitchen appliances.
Where is this residential income property located?
The property is located at 3765 Avery Janesville, WI.
What is the asking price?
The asking price for this property is $387,900.
What are key features of this property?
This property features: Three‑bedroom condominium with 1,583 SF of property size; Estimated completion in July 2026; Open‑concept floorplan with great room and vaulted ceiling
