End-Unit Residential
For Sale
$315,000
5101 Merwood Lane, Madison, WI 53718
The residence is part of a 20-unit community along the Capital City Bike Trail.
Property Size1,012 SF
Price / SF$311.26
Days on Market123
Property Features for 5101 Merwood Lane
General Information
Standard status
Active
Size
1,012 SF
Property subtype
Condo / Ranch-1 Story
Zoning
SR-V2
Site & Location
Neighborhood
East Side
Highway Access
Yes
Additional Details
HOA Fee
$175
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,767
Amenities
corner gas fireplace
refinished oak hardwood floors
stainless steel appliances
Seller's personal property
Refrigerator, Dishwasher, Range/Oven, Washer, Dryer, Water Softener
Forced air, Central air
Wood or sim. wood floors, Walk-in closet(s), Great room, Vaulted ceiling, Washer, Dryer, Water softener included, Cable/Satellite Available, At Least 1 tub
Vinyl, Brick, Stone
Gas, 1 fireplace
Private Entry, Patio, Cul de Sac
Building Details
Year Built
2010
Listing Agency:
NextHome Strategy
Listed By:
Corey Fischbach · License #58496-90
(608) 770-9148
Source:
Compass
Added: Jul 5
Changed: Nov 3
Last Checked: Nov 3 at 2:47PM
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 NextHome Strategy
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Investment Insights
Based on property information with market context.
This remodeled end-unit condominium is configured as a half-duplex within a 20-unit community. Interior features include oak hardwood flooring, a vaulted ceiling, a walk-in closet and a great room with a gas fireplace. The kitchen has stainless steel appliances, and a washer, dryer and water softener are included. The home also offers a private entry and patio. Built in 2010, the residence is zoned SR-V2.
The property borders the Capital City Bike Trail and sits across from Village Park. Madison and the Beltline are described as a short drive away.
The property borders the Capital City Bike Trail and sits across from Village Park. Madison and the Beltline are described as a short drive away.
Key Highlights
- End‑unit half‑duplex in a 20‑unit community
- Remodeled interior with oak hardwood floors and vaulted ceiling
- Great room with a gas fireplace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,413
Cap Rate
3.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$248,260
$248.3K
Cap Rate 7%
$177,329
$177.3K
Cap Rate 9%
$137,922
$137.9K
Market Conditions
NOI Build-Up for 1,012 SF
Gross rent
$23.6K $23.28/SF
− Vacancy
−$989 −$0.98/SF
EGI
$22.6K $22.30/SF
− OpEx
−$10.2K −$10.04/SF
NOI
$12.4K $12.27/SF
Area
Madison, WI
Vacancy
4.20%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$248,260
Cap Rate 7%
$177,329
Cap Rate 9%
$137,922
Alternative Uses
Best Use
Apartment 5plus
$177.3K
$155.2K – $206.9K
NOI $12,413 @ 7.0% cap · market cap 3.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$295.6K
$258.7K – $344.9K
NOI $20,693 @ 7.0% cap · market cap 6.57%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
226
Businesses Nearby
Explore this area
Business Placement
Demographics for 53718, WI
17,034
Population
8,408
Households
2
Avg Household Size
37
Median Age
49%
College-Educated
96%
High-School Grad
20.8 sq mi
ZIP Area
819
Density / Sq Mi
$94,899
Median Household Income
$60,518
Median Earnings
$1,606
Median Rent
$328,500
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The residence is part of a 20-unit community along the Capital City Bike Trail.
Where is this residential income property located?
The property is located at 5101 Merwood Lane Madison, WI.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: End‑unit half‑duplex in a 20‑unit community; Remodeled interior with oak hardwood floors and vaulted ceiling; Great room with a gas fireplace
