Four-Unit Quadplex with Updated
For Sale
$850,000
4706-4712 Jenewein Road, Madison, WI 53711
Well-maintained 4-unit quadplex with three-bedroom, 1.5-bath units, including one updated vacant unit and tenant-paid utilities.
Property Size4,480 SF
Price / SF$189.73
Days on Market67
Property Features for 4706-4712 Jenewein Road
General Information
Standard status
Active
Size
4,480 SF
Property subtype
Multi Family / 2 story
Zoning
SR-V1
Taxes and HOA fees
Annual Taxes
$10,291
Amenities
Full, Poured concrete foundatn, Lower basement laundry
Natural Gas
Radiant
seller and tenant personal property
4 washers, 4 dryers, 4 stoves/oven, 4 microwaves, 4 refrigerators, 4 wall AC units
4
Vinyl, Brick
Building Details
Year Built
1967
Units
4
Listing Agency:
Haven Real Estate Partners
(608) 213-8242
Listed By:
Jonathan Poletti · License #59287-90
(608) 213-8242
Source:
Compass
Added: Jun 3
Changed: Aug 8
Last Checked: Jul 22 at 3:30PM
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 Haven Real Estate Partners
Investment Insights
Based on property information with market context.
This well-maintained quadplex offers four residential units, with a unit mix described as 3 bedrooms and 1.5 bathrooms. One unit is currently vacant and has been updated and is in excellent condition. The property also includes tenant-provided private parking, with a 1-car garage available for tenants. Tenants pay all their own utilities.
The building is located at 4706-4712 Jenewein Road in Madison, WI 53711. Major exterior and site improvements have already been completed, including newer roof and gutters, a newer driveway, and recent retaining wall work.
Overall, the property is positioned as a turnkey, low-maintenance investment with recent capital improvements in place and the updated vacant unit ready for occupancy by the next owner.
The building is located at 4706-4712 Jenewein Road in Madison, WI 53711. Major exterior and site improvements have already been completed, including newer roof and gutters, a newer driveway, and recent retaining wall work.
Overall, the property is positioned as a turnkey, low-maintenance investment with recent capital improvements in place and the updated vacant unit ready for occupancy by the next owner.
Key Highlights
- Well‑maintained 4‑unit quadplex built in 1967 with 3‑bedroom, 1.5‑bath units
- One unit is currently vacant and updated for an owner‑occupant or investor seeking additional rental income
- Major improvements include newer roof and gutters, newer driveway, and recent retaining wall work
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
$59,299
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
6.98%
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%
$1,185,980
$1.2M
Cap Rate 7%
$847,129
$847.1K
Cap Rate 9%
$658,878
$658.9K
Market Conditions
NOI Build-Up for 4,480 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
$88.7K $19.80/SF
− Vacancy
−$4.0K −$0.89/SF
EGI
$84.7K $18.91/SF
− OpEx
−$25.4K −$5.67/SF
NOI
$59.3K $13.24/SF
Area
Madison, WI
Vacancy
4.50%
Lease Rate
$19.80 /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%
$1,185,980
Cap Rate 7%
$847,129
Cap Rate 9%
$658,878
Alternative Uses
Best Use
Multifamily LT 5
$847.1K
$741.2K – $988.3K
NOI $59,299 @ 7.0% cap · market cap 6.98%
Second Best
Apartment 5plus
$785.0K
$686.9K – $915.9K
NOI $54,953 @ 7.0% cap · market cap 6.47%
Theoretical Best
Office A
$1.31M
$1.15M – $1.53M
NOI $91,607 @ 7.0% cap · market cap 10.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
305
Businesses Nearby
Explore this area
Business Placement
Demographics for 53711, WI
51,448
Population
23,500
Households
2.2
Avg Household Size
37
Median Age
66%
College-Educated
97%
High-School Grad
26.0 sq mi
ZIP Area
1,979
Density / Sq Mi
$101,236
Median Household Income
$55,284
Median Earnings
$1,357
Median Rent
$387,600
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?
Quadplex - Well-maintained 4-unit quadplex with three-bedroom, 1.5-bath units, including one updated vacant unit and tenant-paid utilities.
Where is this quadplex located?
The property is located at 4706-4712 Jenewein Road Madison, WI.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Well‑maintained 4‑unit quadplex built in 1967 with 3‑bedroom, 1.5‑bath units; One unit is currently vacant and updated for an owner‑occupant or investor seeking additional rental income; Major improvements include newer roof and gutters, newer driveway, and recent retaining wall work
