All-Brick Four-Unit
430 North Oak Street Madison, WI 53704
430 North Oak Street, Madison, WI, 53704
$584,000
For Sale
$584,000
All-brick four-unit quadplex with recent building improvements, including a 2024 roof and 2023–2024 HVAC and upgrades.
Property Size2,800 SF
Price / SF$208.57
Days on Market42
Property Features for 430 North Oak Street
General Information
- Standard status
- Active
- Size
- 2,800 SF
- Property subtype
- Multi Family / Apartment building
Building Details
- Year Built
- 1953
Listing agency
The Hub Realty
(608) 345-0150
Listed by
Ryan Schmitz · License #59756-90
(608) 345-0150
Source
Compass
Added: Jun 11 Updated: Jul 22 at 3:57PM Checked: Jul 22 at 3:57PM
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 The Hub Realty
Investment Insights
Based on property information with market context.
This all-brick four-unit quadplex features four units with the same floor plan and basic finish level. The property has been well cared for and includes multiple recent improvements across the building, including a new roof in 2024, new HVAC for units 1 and 3 in 2024, whole-building weatherization completed in 2023, and new energy-efficient refrigerators installed in 2023. Additional updates include new bathroom exhaust fans in 2023 and a new front wooden porch in 2023, along with a new Speed Queen coin-op dryer in 2024.
The property currently benefits from long-term tenants, with rents reported between $1,100 and $1,330. Unit 3 is scheduled to move out on 5/31/26 and will be available for owner occupancy or for a new tenant at market rent. The most recently reported rent for Unit 3 was $1,150 per month.
Unit configurations are consistent across the four units, supporting straightforward management and leasing. Recent capital improvements may help reduce near-term maintenance items for a new owner.
The property currently benefits from long-term tenants, with rents reported between $1,100 and $1,330. Unit 3 is scheduled to move out on 5/31/26 and will be available for owner occupancy or for a new tenant at market rent. The most recently reported rent for Unit 3 was $1,150 per month.
Unit configurations are consistent across the four units, supporting straightforward management and leasing. Recent capital improvements may help reduce near-term maintenance items for a new owner.
Key Highlights
- All‑brick 4‑unit quadplex built in 1953
- Current rents range from $1,100 to $1,330 per month
- New roof in 2024; whole‑building weatherization completed in 2023
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 | $55.4k | $19.80 |
| − Vacancy | −$2.5k | −$0.89 |
| EGI | $52.9k | $18.91 |
| − OpEx | −$15.9k | −$5.67 |
| NOI | $37.1k | $13.24 |
2,800 SF · lease $19.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$529.5K
$463.3K – $617.7K
NOI $37,062 @ 7.0% cap · market cap 6.35%
Second Best
Apartment 5plus
$490.6K
$429.3K – $572.4K
NOI $34,345 @ 7.0% cap · market cap 5.88%
Theoretical Best
Office A
$817.9K
$715.7K – $954.2K
NOI $57,254 @ 7.0% cap · market cap 9.80%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - All-brick four-unit quadplex with recent building improvements, including a 2024 roof and 2023–2024 HVAC and upgrades.
Where is this quadplex located?
The property is located at 430 North Oak Street Madison, WI.
What is the asking price?
The asking price for this property is $584,000.
What are key features of this property?
This property features: All‑brick 4‑unit quadplex built in 1953; Current rents range from $1,100 to $1,330 per month; New roof in 2024; whole‑building weatherization completed in 2023
