4-Unit Quadplex with Attached
For Sale
$1,600,000
6062 Driscoll Drive, Madison, WI 53718
Updated interiors, private entries, attached garages, and off-street parking support practical residential use.
Property Size7,644 SF
Price / SF$209.31
Days on Market391
Property Features for 6062 Driscoll Drive
General Information
Standard status
Active
Size
7,644 SF
Property subtype
Multi Family / 2 story
Zoning
PUD
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$18,915
Amenities
Full, Poured concrete foundatn, Sump pump
Natural Gas
Forced air
Tenants personal property
Refrigerator, Range/Oven, Microwave, Dishwasher, Disposal, Washer/Dryer, All Window Coverings/Blinds
4
Vinyl, Stone
Building Details
Year Built
2019
Units
4
Listing Agency:
MHB Real Estate
(608) 709-9001
Listed By:
Chris Barreau · License #77983-94
(608) 709-9001
Source:
Compass
Added: Aug 7, 2025
Changed: Aug 31
Last Checked: Aug 30 at 6:08AM
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 MHB Real Estate
Investment Insights
Based on property information with market context.
This 7,644-square-foot quadplex contains four units and was built in 2019. The property features private entries, 2-car attached garages, off-street parking, and basements roughed in for full baths. Interior finishes include LVP flooring on the main level, Quartz kitchen counters, stainless Frigidaire appliances, second-floor laundry, and tankless water heaters. Each layout includes three bedrooms upstairs, with an en-suite owner's bedroom and walk-in closet. Additional building features include poured concrete foundations, sump pumps, forced-air heating, natural gas service, and vinyl and stone exterior finishes.
The property is located at 6062 Driscoll Drive in Madison's Grandview Commons neighborhood. It is zoned PUD and includes refrigerators, ranges/ovens, microwaves, dishwashers, disposals, washer/dryer sets, and window coverings or blinds.
The property is located at 6062 Driscoll Drive in Madison's Grandview Commons neighborhood. It is zoned PUD and includes refrigerators, ranges/ovens, microwaves, dishwashers, disposals, washer/dryer sets, and window coverings or blinds.
Key Highlights
- 4 units in a 7,644‑square‑foot quadplex
- Built in 2019 with 2‑car attached garages and off‑street parking
- Three‑bedroom layouts with an en‑suite owner's bedroom and walk‑in closet
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
$101,178
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
6.32%
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%
$2,023,560
$2.0M
Cap Rate 7%
$1,445,400
$1.4M
Cap Rate 9%
$1,124,200
$1.1M
Market Conditions
NOI Build-Up for 7,644 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
$151.4K $19.80/SF
− Vacancy
−$6.8K −$0.89/SF
EGI
$144.5K $18.91/SF
− OpEx
−$43.4K −$5.67/SF
NOI
$101.2K $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%
$2,023,560
Cap Rate 7%
$1,445,400
Cap Rate 9%
$1,124,200
Alternative Uses
Best Use
Multifamily LT 5
$1.45M
$1.26M – $1.69M
NOI $101,178 @ 7.0% cap · market cap 6.32%
Second Best
Apartment 5plus
$1.34M
$1.17M – $1.56M
NOI $93,763 @ 7.0% cap · market cap 5.86%
Theoretical Best
Office A
$2.23M
$1.95M – $2.61M
NOI $156,305 @ 7.0% cap · market cap 9.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
81
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
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 interiors, private entries, attached garages, and off-street parking support practical residential use.
Where is this quadplex located?
The property is located at 6062 Driscoll Drive Madison, WI.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 4 units in a 7,644‑square‑foot quadplex; Built in 2019 with 2‑car attached garages and off‑street parking; Three‑bedroom layouts with an en‑suite owner's bedroom and walk‑in closet
