Two-Bedroom Duplex with Private
For Sale
$350,000
3907 Patrick Henry Way Unit 3907, Middleton, WI 53562
Duplex unit offers 2 bedrooms and 1.5 bathrooms with a private deck overlooking mature trees in a quiet cul-de-sac.
Property Size1,360 SF
Price / SF$257.35
Days on Market81
Property Features for 3907 Patrick Henry Way Unit 3907
General Information
Standard status
Active
Size
1,360 SF
Property subtype
Condo / Shared Wall/Half duplex
Zoning
Res
Taxes and HOA fees
Annual Taxes
$5,507
Amenities
Personal Property of Seller
Range/Oven, Refrigerator, Dishwasher, Microwave, Washer/Dryer, All Window Coverings, Water Softener and Garage Opener Remotes
Forced air, Central air
Wood or sim. wood floors, Washer, Dryer, Water softener included
Aluminum/Steel, Brick
Private Entry, Deck/Balcony, Cul de Sac
Building Details
Year Built
1977
Listing Agency:
Stark Company, REALTORS
Listed By:
Jennifer Geils · License #94521-94
(914) 661-1291
Source:
Compass
Added: Jun 17
Changed: Aug 8
Last Checked: Jul 23 at 10:36AM
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 Stark Company, REALTORS
Investment Insights
Based on property information with market context.
This 2-bedroom, 1.5-bath duplex unit is offered for sale with no condo fees. The home is set in a quiet cul-de-sac and includes a private deck that looks out over mature trees.
Located in the Shorecrest Neighborhood of Middleton, Wisconsin, the property is positioned for convenient access to the surrounding area.
The layout is configured as a duplex residence with 2 bedrooms and 1.5 bathrooms, designed for comfortable everyday living and outdoor relaxation from the private deck.
Located in the Shorecrest Neighborhood of Middleton, Wisconsin, the property is positioned for convenient access to the surrounding area.
The layout is configured as a duplex residence with 2 bedrooms and 1.5 bathrooms, designed for comfortable everyday living and outdoor relaxation from the private deck.
Key Highlights
- No condo fees (duplex unit).
- 2 bed, 1.5 bath duplex with a private deck overlooking mature trees.
- Located on a quiet cul‑de‑sac in the Shorecrest Neighborhood.
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
$12,481
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
3.57%
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%
$249,620
$249.6K
Cap Rate 7%
$178,300
$178.3K
Cap Rate 9%
$138,678
$138.7K
Market Conditions
NOI Build-Up for 1,360 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
$18.8K $13.80/SF
− Vacancy
−$938 −$0.69/SF
EGI
$17.8K $13.11/SF
− OpEx
−$5.3K −$3.93/SF
NOI
$12.5K $9.18/SF
Area
Dane County, WI
Vacancy
5.00%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
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%
$249,620
Cap Rate 7%
$178,300
Cap Rate 9%
$138,678
Alternative Uses
Best Use
Multifamily LT 5
$178.3K
$156.0K – $208.0K
NOI $12,481 @ 7.0% cap · market cap 3.57%
Second Best
Apartment 5plus
$156.7K
$137.2K – $182.9K
NOI $10,972 @ 7.0% cap · market cap 3.13%
Theoretical Best
Office A
$316.0K
$276.5K – $368.7K
NOI $22,122 @ 7.0% cap · market cap 6.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
109
Businesses Nearby
Explore this area
Business Placement
Demographics for 53562, WI
29,092
Population
13,617
Households
2.1
Avg Household Size
40
Median Age
65%
College-Educated
96%
High-School Grad
31.1 sq mi
ZIP Area
935
Density / Sq Mi
$97,241
Median Household Income
$60,688
Median Earnings
$1,394
Median Rent
$495,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex unit offers 2 bedrooms and 1.5 bathrooms with a private deck overlooking mature trees in a quiet cul-de-sac.
Where is this duplex located?
The property is located at 3907 Patrick Henry Way Unit 3907 Middleton, 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: No condo fees (duplex unit).; 2 bed, 1.5 bath duplex with a private deck overlooking mature trees.; Located on a quiet cul‑de‑sac in the Shorecrest Neighborhood.
