Two-Unit Residential Income
811 North Street Madison, WI 53704
811 North Street, Madison, WI, 53704
$450,000
For Sale
$450,000
Well-maintained two-flat with updated windows, kitchen and bathroom improvements, hardwood floors, and a detached two-car garage.
Property Size1,913 SF
Price / SF$235.23
Days on Market98
Property Features for 811 North Street
General Information
- Standard status
- Active
- Size
- 1,913 SF
- Property subtype
- Multi Family / 2 flat-up and down
Building Details
- Year Built
- 1938
Listing agency
Restaino & Associates
(608) 576-9405
Listed by
Ronda Thompson · License #52190-90
(608) 576-9405
Source
Compass
Added: Apr 15 Updated: Jul 21 at 2:59PM Checked: Jul 21 at 2:59PM
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 Restaino & Associates
Investment Insights
Based on property information with market context.
This well-maintained two-flat residential income property offers a solid setup for both owner-occupants and investors. The home features newer windows, kitchen improvements, and bathroom updates completed over the past 10 years, along with hardwood floors. Updates also include a roof replacement in 2009 and the addition of drain tile and a sump pump in 2023. Spectrum internet is available, and both units have been consistently rented.
Set on an oversized yard with room for outdoor use, the property includes a detached two-car garage. It is located near a bus line with easy access to the airport, MATC, Interstate, and downtown Madison. The property sits directly across from Eken Park, in a well-established neighborhood.
Showings begin 4pm on 4/17, and 24-hour notice is required. The upper unit address is listed as 2501 Coolidge St. Owners pay approximately $100/month for water and sewer.
Set on an oversized yard with room for outdoor use, the property includes a detached two-car garage. It is located near a bus line with easy access to the airport, MATC, Interstate, and downtown Madison. The property sits directly across from Eken Park, in a well-established neighborhood.
Showings begin 4pm on 4/17, and 24-hour notice is required. The upper unit address is listed as 2501 Coolidge St. Owners pay approximately $100/month for water and sewer.
Key Highlights
- Two‑flat built in 1938 with a full, poured concrete basement.
- Recent updates include roof replacement in 2009 and drain tile & sump pump added in 2023.
- Interior includes hardwood floors and forced‑air natural gas heating; exterior is aluminum/steel.
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 | $37.9k | $19.80 |
| − Vacancy | −$1.7k | −$0.89 |
| EGI | $36.2k | $18.91 |
| − OpEx | −$10.9k | −$5.67 |
| NOI | $25.3k | $13.24 |
1,913 SF · lease $19.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$361.7K
$316.5K – $422.0K
NOI $25,321 @ 7.0% cap · market cap 5.63%
Second Best
Apartment 5plus
$335.2K
$293.3K – $391.1K
NOI $23,465 @ 7.0% cap · market cap 5.21%
Theoretical Best
Office A
$558.8K
$489.0K – $652.0K
NOI $39,117 @ 7.0% cap · market cap 8.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Well-maintained two-flat with updated windows, kitchen and bathroom improvements, hardwood floors, and a detached two-car garage.
Where is this duplex located?
The property is located at 811 North Street Madison, WI.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Two‑flat built in 1938 with a full, poured concrete basement.; Recent updates include roof replacement in 2009 and drain tile & sump pump added in 2023.; Interior includes hardwood floors and forced‑air natural gas heating; exterior is aluminum/steel.
