First-Floor 2-Bedroom
For Sale
Contact for pricing
847 Walnut St, Verona, WI 53590
Two-bedroom apartment with an attached garage, fireplace, deck, and laundry hookups.
Property Size800 SF
Price / SF$1.63
Days on Market126
Property Features for 847 Walnut St
General Information
Standard status
Active
Size
800 SF
Total Parking Spaces
1
Property subtype
Multi-Family
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Amenities
fireplace
deck
washer/dryer hookups
storage room
Listing Agency:
First Weber Inc
Listed By:
Randy Hess · License #3653090
(608) 217-6455
Source:
Madisonareahomelistings
Added: Jun 12
Changed: Oct 1
Last Checked: Oct 14 at 11:10PM
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 First Weber Inc
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Investment Insights
Based on property information with market context.
This first-floor apartment contains two bedrooms and one bathroom within approximately 800 square feet. The unit includes an attached one-car garage, a storage room, a fireplace, and a deck. Washer/dryer hookups are also provided.
The property is located at 847 Walnut St in Verona, Wisconsin, within the Cross Country area. The apartment is described as owner managed.
The property is located at 847 Walnut St in Verona, Wisconsin, within the Cross Country area. The apartment is described as owner managed.
Key Highlights
- 800 SF first‑floor apartment
- 2 bedrooms and 1 bathroom
- 1‑car attached garage with storage room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,454
Suggested Prices Based on Cap Rates
Cap Rate 5%
$129,080
$129.1K
Cap Rate 7%
$92,200
$92.2K
Cap Rate 9%
$71,711
$71.7K
Market Conditions
NOI Build-Up for 800 SF
Gross rent
$12.3K $15.36/SF
− Vacancy
−$553 −$0.69/SF
EGI
$11.7K $14.67/SF
− OpEx
−$5.3K −$6.60/SF
NOI
$6.5K $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%
$129,080
Cap Rate 7%
$92,200
Cap Rate 9%
$71,711
Alternative Uses
Best Use
Apartment 5plus
$92.2K
$80.7K – $107.6K
NOI $6,454 @ 7.0% cap · market cap 496.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$185.9K
$162.7K – $216.9K
NOI $13,013 @ 7.0% cap · market cap 1,001.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
289
Businesses Nearby
Explore this area
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 - Two-bedroom apartment with an attached garage, fireplace, deck, and laundry hookups.
Where is this residential income property located?
The property is located at 847 Walnut St Verona, WI.
What are key features of this property?
This property features: 800 SF first‑floor apartment; 2 bedrooms and 1 bathroom; 1‑car attached garage with storage room
