Four-Plex with Private
58 Sunfish Court Madison, WI 53713
58 Sunfish Court, Madison, WI, 53713
$849,000
For Sale
$849,000
Built in 1987 with three leased units and one vacant, each unit has a private single-car garage and patio/deck.
Property Size3,560 SF
Price / SF$238.48
Days on Market60
Property Features for 58 Sunfish Court
General Information
- Standard status
- Active
- Size
- 3,560 SF
- Property subtype
- Multi Family / Apartment building
Building Details
- Year Built
- 1987
Listing agency
Real Broker LLC
(608) 333-2250
Listed by
Brad Chapman · License #86866-94
(608) 333-2250
Source
Compass
Added: May 24 Updated: Jul 21 at 8:27PM Checked: Jul 22 at 11:03AM
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 Real Broker LLC
Investment Insights
Based on property information with market context.
Built in 1987, this quality four-plex offers four units with a configuration that includes attached private single-car garages for every unit, along with in-unit laundry, dishwashers, A/C, and a private patio or deck. Three units are currently leased, and the fourth is vacant and move-in ready, providing flexibility for an owner-occupant or immediate lease-up. The property has been thoughtfully maintained, including a new roof in 2025, fresh paint, some new flooring, and some kitchen and bathroom updates throughout. Constructed on a slab foundation, the building is designed for simpler, more predictable maintenance.
The property is located off Fish Hatchery Rd, with easy access to the Beltline, downtown Madison, and bike trails.
Pro-forma rents are stated at $1,500 to $1,600 per unit, supporting projected gross annual income near $75,000.
The property is located off Fish Hatchery Rd, with easy access to the Beltline, downtown Madison, and bike trails.
Pro-forma rents are stated at $1,500 to $1,600 per unit, supporting projected gross annual income near $75,000.
Key Highlights
- Built in 1987 4‑plex with 3 currently leased units and 1 vacant, move‑in ready
- Each unit includes its own attached private single‑car garage, private patio/deck, and in‑unit laundry
- 4 stoves, 4 refrigerators, 4 dishwashers, and 4 A/C‑heater combo units included
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 | $70.5k | $19.80 |
| − Vacancy | −$3.2k | −$0.89 |
| EGI | $67.3k | $18.91 |
| − OpEx | −$20.2k | −$5.67 |
| NOI | $47.1k | $13.24 |
3,560 SF · lease $19.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$673.2K
$589.0K – $785.4K
NOI $47,121 @ 7.0% cap · market cap 5.55%
Second Best
Apartment 5plus
$623.8K
$545.9K – $727.8K
NOI $43,668 @ 7.0% cap · market cap 5.14%
Theoretical Best
Office A
$1.04M
$909.9K – $1.21M
NOI $72,795 @ 7.0% cap · market cap 8.57%
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 - Built in 1987 with three leased units and one vacant, each unit has a private single-car garage and patio/deck.
Where is this quadplex located?
The property is located at 58 Sunfish Court Madison, WI.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Built in 1987 4‑plex with 3 currently leased units and 1 vacant, move‑in ready; Each unit includes its own attached private single‑car garage, private patio/deck, and in‑unit laundry; 4 stoves, 4 refrigerators, 4 dishwashers, and 4 A/C‑heater combo units included
