Duplex with Two-Car
7002-7004 Longmeadow Road Madison, WI 53717
7002-7004 Longmeadow Road, Madison, WI, 53717
$825,000
For Sale
$825,000
Well-maintained duplex with two separate 3-bedroom townhouse units, each featuring a private entrance and attached two-car garage.
Property Size3,414 SF
Price / SF$241.65
Days on Market38
Property Features for 7002-7004 Longmeadow Road
General Information
- Standard status
- Active
- Size
- 3,414 SF
- Property subtype
- Multi Family / Duplex-side by side
Building Details
- Year Built
- 1989
Listing agency
Lannon Stone Realty LLC
(608) 770-2141
Listed by
Cindy Heberling · License #81103-94
(608) 770-2141
Source
Compass
Added: Jun 15 Updated: Jul 21 at 6:34PM Checked: Jul 21 at 6:34PM
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 Lannon Stone Realty LLC
Investment Insights
Based on property information with market context.
This well-maintained duplex includes two townhouse-style units, each offering three bedrooms and 2.5 bathrooms. Both units have private entrances and attached two-car garages. Interiors are arranged with a first-floor living room, kitchen with dinette area, great room, and a powder room. The second floor features a primary suite with a private full bath, with the remaining bedrooms served by a full hallway bathroom. Each unit also includes a finished lower level with a recreation room, laundry area, and ample storage. A fenced backyard with a patio is included for outdoor space.
The property is located in the Wexford Village neighborhood of Madison, with access to shopping, dining, parks, bus lines, and major commuter routes. Public transportation access is highlighted in the remarks.
The layout provides two fully separated residences within one property, each supported by attached parking and additional finished space in the lower level.
The property is located in the Wexford Village neighborhood of Madison, with access to shopping, dining, parks, bus lines, and major commuter routes. Public transportation access is highlighted in the remarks.
The layout provides two fully separated residences within one property, each supported by attached parking and additional finished space in the lower level.
Key Highlights
- Well‑maintained duplex built in 1989 with two separate 3‑bedroom, 2.5‑bath townhouse‑style units.
- Each unit has a private entrance and an attached two‑car garage.
- Finished lower‑level features include a recreation room, laundry area, and ample storage.
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 | $67.6k | $19.80 |
| − Vacancy | −$3.0k | −$0.89 |
| EGI | $64.6k | $18.91 |
| − OpEx | −$19.4k | −$5.67 |
| NOI | $45.2k | $13.24 |
3,414 SF · lease $19.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$645.6K
$564.9K – $753.2K
NOI $45,189 @ 7.0% cap · market cap 5.48%
Second Best
Apartment 5plus
$598.2K
$523.5K – $698.0K
NOI $41,877 @ 7.0% cap · market cap 5.08%
Theoretical Best
Office A
$997.3K
$872.6K – $1.16M
NOI $69,809 @ 7.0% cap · market cap 8.46%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Well-maintained duplex with two separate 3-bedroom townhouse units, each featuring a private entrance and attached two-car garage.
Where is this duplex located?
The property is located at 7002-7004 Longmeadow Road Madison, WI.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Well‑maintained duplex built in 1989 with two separate 3‑bedroom, 2.5‑bath townhouse‑style units.; Each unit has a private entrance and an attached two‑car garage.; Finished lower‑level features include a recreation room, laundry area, and ample storage.
