Multifamily Property with
For Sale
$375,000
Pending
409-411 Fifth Street, Stoughton, WI 53589
Residentially zoned asset with forced-air heat, natural gas service, and mixed exterior materials.
Property Size2,230 SF
Days on Market177
Property Features for 409-411 Fifth Street
General Information
Standard status
Pending
Size
2,230 SF
Property subtype
Multi Family / Apartment building
Zoning
Res
Taxes and HOA fees
Annual Taxes
$6,769
Amenities
Full
Natural Gas
Forced air
Seller's Personal Property
Refrigerator, Stove/Oven, Microwave, Dishwasher, Washer, Dryer
2
1
Vinyl, Wood, Brick, Stucco
Building Details
Year Built
1920
Units
2
Listing Agency:
Compass
Listed By:
Solveig Schroerlucke · License #88246-94
(608) 405-0927
Source:
Compass
Added: Mar 13
Changed: Aug 30
Last Checked: Aug 30 at 8:33AM
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 Compass
Investment Insights
Based on property information with market context.
Located at 409-411 Fifth Street in Stoughton, Wisconsin, this multifamily property was built in 1920 and includes 2,230 of reported property size. The exterior combines vinyl, wood, brick, and stucco finishes.
Interior systems include natural gas service and forced-air heating. The property includes a refrigerator, stove/oven, microwave, dishwasher, washer, and dryer, along with seller's personal property. Res zoning supports its residential classification.
Interior systems include natural gas service and forced-air heating. The property includes a refrigerator, stove/oven, microwave, dishwasher, washer, and dryer, along with seller's personal property. Res zoning supports its residential classification.
Key Highlights
- Multifamily property at 409‑411 Fifth Street, Stoughton, WI 53589
- Built in 1920
- Res zoning
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
$17,991
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
4.80%
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%
$359,820
$359.8K
Cap Rate 7%
$257,014
$257.0K
Cap Rate 9%
$199,900
$199.9K
Market Conditions
NOI Build-Up for 2,230 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
$34.3K $15.36/SF
− Vacancy
−$1.5K −$0.69/SF
EGI
$32.7K $14.67/SF
− OpEx
−$14.7K −$6.60/SF
NOI
$18.0K $8.07/SF
Area
Dane County, WI
Vacancy
4.50%
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%
$359,820
Cap Rate 7%
$257,014
Cap Rate 9%
$199,900
Alternative Uses
Best Use
Apartment 5plus
$257.0K
$224.9K – $299.9K
NOI $17,991 @ 7.0% cap · market cap 4.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$518.2K
$453.4K – $604.6K
NOI $36,274 @ 7.0% cap · market cap 9.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
585
Businesses Nearby
Explore this area
Business Placement
Demographics for 53589, WI
19,888
Population
9,014
Households
2.2
Avg Household Size
45
Median Age
40%
College-Educated
96%
High-School Grad
85.0 sq mi
ZIP Area
234
Density / Sq Mi
$93,509
Median Household Income
$52,809
Median Earnings
$1,150
Median Rent
$318,300
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?
Multifamily property - Residentially zoned asset with forced-air heat, natural gas service, and mixed exterior materials.
Where is this multifamily property located?
The property is located at 409-411 Fifth Street Stoughton, WI.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Multifamily property at 409‑411 Fifth Street, Stoughton, WI 53589; Built in 1920; Res zoning
