Three-Bedroom
For Sale
Contact for pricing
881 Columbus Street Unit 3, Sun Prairie, WI 53590
Updated bath, refinished wood flooring, and shared basement amenities complement this residential rental.
Property Size1,096 SF
Price / SF$1.23
Days on Market17
Property Features for 881 Columbus Street Unit 3
General Information
Standard status
Active
Size
1,096 SF
Total Parking Spaces
2
Property subtype
Apartment
Units
Unit Mix
3BR/1BA
Multifamily Units
1
Amenities
coin laundry
storage unit
air conditioning
Building Details
Building Size
1,096 SF
Listing Agency:
Nyman Real Est & Appraisal Mad
Listed By:
Keith Nyman · License #41514907429
(414) 704-5375
Source:
Mhbrealestate
Added: Oct 14
Changed: Oct 29
Last Checked: Oct 29 at 2:56PM
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 Nyman Real Est & Appraisal Mad
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Investment Insights
Based on property information with market context.
This 1,096-square-foot apartment has three bedrooms and one bathroom. Interior features include refinished wood floors, an updated bathroom, air conditioning, and draperies. A separate storage unit and coin-operated laundry are located in the shared basement.
Two off-street parking stalls are included at the rear of the building, with street parking also available. Prairie Marsh Middle and East Side Elementary Schools are approximately 1/2 mile away on foot. The tenant pays heat and electricity; the landlord covers water, sewer, and trash. Availability is scheduled for 11/01/2026.
Two off-street parking stalls are included at the rear of the building, with street parking also available. Prairie Marsh Middle and East Side Elementary Schools are approximately 1/2 mile away on foot. The tenant pays heat and electricity; the landlord covers water, sewer, and trash. Availability is scheduled for 11/01/2026.
Key Highlights
- Three bedrooms and one bathroom in 1,096 square feet
- Two off‑street parking stalls at the rear, with street parking also available
- Shared basement has coin laundry and a separate storage unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,842
Suggested Prices Based on Cap Rates
Cap Rate 5%
$176,840
$176.8K
Cap Rate 7%
$126,314
$126.3K
Cap Rate 9%
$98,244
$98.2K
Market Conditions
NOI Build-Up for 1,096 SF
Gross rent
$16.8K $15.36/SF
− Vacancy
−$758 −$0.69/SF
EGI
$16.1K $14.67/SF
− OpEx
−$7.2K −$6.60/SF
NOI
$8.8K $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%
$176,840
Cap Rate 7%
$126,314
Cap Rate 9%
$98,244
Alternative Uses
Best Use
Apartment 5plus
$126.3K
$110.5K – $147.4K
NOI $8,842 @ 7.0% cap · market cap 654.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$254.7K
$222.9K – $297.1K
NOI $17,828 @ 7.0% cap · market cap 1,320.59%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
317
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 - Updated bath, refinished wood flooring, and shared basement amenities complement this residential rental.
Where is this residential income property located?
The property is located at 881 Columbus Street Unit 3 Sun Prairie, WI.
What are key features of this property?
This property features: Three bedrooms and one bathroom in 1,096 square feet; Two off‑street parking stalls at the rear, with street parking also available; Shared basement has coin laundry and a separate storage unit
