Four-Unit Quadplex with
For Sale
$375,000
Pending
511 Vine, Wisconsin Dells, WI 53965
Updated multifamily property with varied unit layouts, on-site laundry, and paved parking near downtown Wisconsin Dells.
Property Size1,782 SF
Days on Market66
Property Features for 511 Vine
General Information
Standard status
Pending
Size
1,782 SF
Property subtype
Commercial
Units
Unit Mix
3 x 1BR, 1 x 2BR
Multifamily Units
4
Additional Details
Road Access
Yes
Amenities
on-site laundry
storage shed
Building Details
Year Built
1956
Buildings
1
Listing Agency:
First Weber Inc
(608) 963-2590
Listed By:
Jennifer Sagissor · License #5498790
Source:
Madisonareahomesforsale
Added: Jun 26
Changed: Aug 30
Last Checked: Aug 30 at 2:01AM
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 First Weber Inc
Investment Insights
Based on property information with market context.
This four-unit quadplex at 511 Vine includes three one-bedroom residences and one two-bedroom residence. Each unit has a full kitchen and living area, while shared amenities include on-site laundry and a storage shed. The property is currently used for employee housing and has forced-air heat, window A/C, paved parking, and several exterior improvements, including a metal roof, newer siding, newer windows, and new gutters. Built in 1956, the 1,782-square-foot building is located just off Broadway in downtown Wisconsin Dells, Wisconsin.
Key Highlights
- Four units: three 1‑bedroom units and one 2‑bedroom unit
- 1,782‑square‑foot building constructed in 1956
- Full kitchen and living area in every unit
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
$16,316
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
4.35%
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%
$326,320
$326.3K
Cap Rate 7%
$233,086
$233.1K
Cap Rate 9%
$181,289
$181.3K
Market Conditions
NOI Build-Up for 1,782 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
$24.6K $13.80/SF
− Vacancy
−$1.3K −$0.72/SF
EGI
$23.3K $13.08/SF
− OpEx
−$7.0K −$3.92/SF
NOI
$16.3K $9.16/SF
Area
Columbia County, WI
Vacancy
5.22%
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%
$326,320
Cap Rate 7%
$233,086
Cap Rate 9%
$181,289
Alternative Uses
Best Use
Multifamily LT 5
$233.1K
$204.0K – $271.9K
NOI $16,316 @ 7.0% cap · market cap 4.35%
Second Best
Apartment 5plus
$203.2K
$177.8K – $237.1K
NOI $14,226 @ 7.0% cap · market cap 3.79%
Theoretical Best
Office A
$400.3K
$350.3K – $467.1K
NOI $28,024 @ 7.0% cap · market cap 7.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
539
Businesses Nearby
Explore this area
Business Placement
Demographics for 53965, WI
11,361
Population
6,792
Households
1.7
Avg Household Size
43
Median Age
22%
College-Educated
94%
High-School Grad
168.7 sq mi
ZIP Area
67
Density / Sq Mi
$65,237
Median Household Income
$36,823
Median Earnings
$938
Median Rent
$211,700
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 - Updated multifamily property with varied unit layouts, on-site laundry, and paved parking near downtown Wisconsin Dells.
Where is this quadplex located?
The property is located at 511 Vine Wisconsin Dells, 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: Four units: three 1‑bedroom units and one 2‑bedroom unit; 1,782‑square‑foot building constructed in 1956; Full kitchen and living area in every unit
