Residential Income
For Sale
$365,000
631 Cardinal Way, Sun Prairie, WI 53590
Built in 2001 with central air, forced-air heating, and private entry.
Property Size2,233 SF
Price / SF$163.46
Days on Market213
Property Features for 631 Cardinal Way
General Information
Standard status
Active
Size
2,233 SF
Property subtype
Condo / Ranch-1 Story
Zoning
UR-12
Taxes and HOA fees
Annual Taxes
$5,345
Amenities
Seller's personal property, some outdoor flowers & plants
Refrigerator, Oven/Range, Microwave, Dishwasher, Washer, Dryer, Water Softener (owned)
Forced air, Central air
Wood or sim. wood floors, Walk-in closet(s), Great room, Vaulted ceiling, Skylight(s), Washer, Dryer, Water softener included, Cable/Satellite Available, At Least 1 tub
Vinyl, Brick, Stone
Gas
Private Entry, Deck/Balcony
Building Details
Year Built
2001
Listing Agency:
Compass
Listed By:
Jonathan Gaspero · License #93127-94
(608) 852-5656
Source:
Compass
Added: Mar 25
Changed: Oct 19
Last Checked: Oct 20 at 11:17PM
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 Compass
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Investment Insights
Based on property information with market context.
This residential income property was built in 2001 and includes forced-air heating, central air, and a water softener. Interior features include wood or simulated wood floors, a great room, vaulted ceilings, skylights, walk-in closet space, and at least one tub. The kitchen is equipped with a refrigerator, oven/range, microwave, dishwasher, washer, and dryer.
Exterior materials include brick, stone, and vinyl, with gas service, a deck or balcony, and private entry. The property is located at 631 Cardinal Way in Sun Prairie, Wisconsin, and carries UR-12 zoning.
Exterior materials include brick, stone, and vinyl, with gas service, a deck or balcony, and private entry. The property is located at 631 Cardinal Way in Sun Prairie, Wisconsin, and carries UR-12 zoning.
Key Highlights
- 2,233 property‑size designation
- Built in 2001
- UR‑12 zoning in Sun Prairie, WI
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,015
Cap Rate
4.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$360,300
$360.3K
Cap Rate 7%
$257,357
$257.4K
Cap Rate 9%
$200,167
$200.2K
Market Conditions
NOI Build-Up for 2,233 SF
Gross rent
$34.3K $15.36/SF
− Vacancy
−$1.5K −$0.69/SF
EGI
$32.8K $14.67/SF
− OpEx
−$14.7K −$6.60/SF
NOI
$18.0K $8.07/SF
Area
Dane County, WI
Vacancy
4.50%
Lease Rate
$15.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$360,300
Cap Rate 7%
$257,357
Cap Rate 9%
$200,167
Alternative Uses
Best Use
Apartment 5plus
$257.4K
$225.2K – $300.3K
NOI $18,015 @ 7.0% cap · market cap 4.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$518.9K
$454.0K – $605.4K
NOI $36,323 @ 7.0% cap · market cap 9.95%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
226
Businesses Nearby
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Business Placement
Demographics for 53590, WI
43,684
Population
18,292
Households
2.4
Avg Household Size
37
Median Age
52%
College-Educated
97%
High-School Grad
65.9 sq mi
ZIP Area
663
Density / Sq Mi
$96,497
Median Household Income
$57,711
Median Earnings
$1,375
Median Rent
$354,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Built in 2001 with central air, forced-air heating, and private entry.
Where is this residential income property located?
The property is located at 631 Cardinal Way Sun Prairie, WI.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: 2,233 property‑size designation; Built in 2001; UR‑12 zoning in Sun Prairie, WI
