Residential Income Property with
For Sale
$595,000
530 West Doty Street Unit 103, Madison, WI 53703
End-unit residence with private entry, fenced yard, two balconies, and two dedicated parking spaces.
Property Size1,494 SF
Price / SF$398.26
Days on Market192
Property Features for 530 West Doty Street Unit 103
General Information
Standard status
Active
Size
1,494 SF
Property subtype
Condo / Ranch-1 Story
Zoning
PD
Taxes and HOA fees
Annual Taxes
$10,085
Amenities
Sellers personal property
Refrigerator, oven, dishwasher, microwave, washer/dryer, window blinds, built-in safe in storage unit.
Forced air, Central air
Wood or sim. wood floors, Walk-in closet(s), Washer, Dryer, Water softener included, Intercom, Split bedrooms
Brick, Stone
Gas, 1 fireplace
Private Entry, Deck/Balcony, Fenced Yard
Building Details
Year Built
2001
Listing Agency:
Stark Company, REALTORS
Listed By:
Jannea Wood · License #79452-94
(608) 235-4044
Source:
Compass
Added: Feb 23
Changed: Aug 29
Last Checked: Aug 29 at 1:55PM
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 Stark Company, REALTORS
Investment Insights
Based on property information with market context.
Unit 103 is a 1,494-square-foot end-unit residential income property at 530 West Doty Street in Madison. Built in 2001, it features a private entrance, fenced yard, two balconies, and a separate storage unit. The interior combines tall ceilings, oversized windows, hardwood or comparable wood flooring, and an open living area centered around a gas fireplace. A split-bedroom arrangement includes a primary suite with a walk-in closet and updated bath, while the separate den provides additional flexible space. The kitchen includes granite countertops, extensive cabinetry, and newer stainless-steel appliances, with a washer and dryer also included.
The property is identified as PD-zoned and is located downtown. Additional features include forced-air heating, central air, an intercom, a built-in safe in the storage unit, and a gas hookup for a grill. Two parking spaces are included.
The property is identified as PD-zoned and is located downtown. Additional features include forced-air heating, central air, an intercom, a built-in safe in the storage unit, and a gas hookup for a grill. Two parking spaces are included.
Key Highlights
- 1,494‑square‑foot end unit at 530 West Doty Street, Unit 103, Madison, WI 53703
- Private entry, fenced yard, and two balconies
- Two parking spaces plus a private storage unit with built‑in safe
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
$18,326
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
3.08%
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%
$366,520
$366.5K
Cap Rate 7%
$261,800
$261.8K
Cap Rate 9%
$203,622
$203.6K
Market Conditions
NOI Build-Up for 1,494 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
$34.8K $23.28/SF
− Vacancy
−$1.5K −$0.98/SF
EGI
$33.3K $22.30/SF
− OpEx
−$15.0K −$10.04/SF
NOI
$18.3K $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 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%
$366,520
Cap Rate 7%
$261,800
Cap Rate 9%
$203,622
Alternative Uses
Best Use
Apartment 5plus
$261.8K
$229.1K – $305.4K
NOI $18,326 @ 7.0% cap · market cap 3.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$436.4K
$381.9K – $509.2K
NOI $30,549 @ 7.0% cap · market cap 5.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5,482
Businesses Nearby
Explore this area
Business Placement
Demographics for 53703, WI
38,512
Population
21,025
Households
1.8
Avg Household Size
27
Median Age
69%
College-Educated
98%
High-School Grad
1.8 sq mi
ZIP Area
21,396
Density / Sq Mi
$46,618
Median Household Income
$27,923
Median Earnings
$1,445
Median Rent
$472,000
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - End-unit residence with private entry, fenced yard, two balconies, and two dedicated parking spaces.
Where is this residential income property located?
The property is located at 530 West Doty Street Unit 103 Madison, WI.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: 1,494‑square‑foot end unit at 530 West Doty Street, Unit 103, Madison, WI 53703; Private entry, fenced yard, and two balconies; Two parking spaces plus a private storage unit with built‑in safe
