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Property profile & analytics
OFF-MARKET
Estimated value
$10,235,000
Apartment buildings
1924 Atwood Ave, Madison, WI 53704-5224
Entity Owned
10-yr Hold
Absentee Owner
Free & Clear
Property ID
US92-0299658
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2014
Total area
63,066 SF
Lot
0.67 ac (29,304 SF)
Zoning code
PD
APN
0710-063-1332-5
UPID
US92-0299658
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
The Hudson Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$11.90M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.24M
Owner & transaction history
1924 Atwood LLC · 10 yrs held
1924 Atwood LLC
since 2015
7 recorded transactions
Zoning & alternative use
PD · Madison, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Madison submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Madison submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$12,895,000
6.5%
$11,900,000
7%
$11,050,000
Blend value · Realmo final
$10.24M
Range $9.21M – $11.26M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$162 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$176,284
Tax year 2022
Assessed value
$8,790,000
Assessed 2023
Previous assessed
$8,891,000
-1.1% YoY
Effective rate
2.01%
On assessed value
Assessed land
$750,000
Assessed improvement
$8,040,000
Applied tax rate
3,269.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2014
Heating
NONE
Stories
4
Units
50
Total area
63,066 SF
Lot
0.67 ac (29,304 SF)
Zoning code
PD
APN
0710-063-1332-5
UPID
US92-0299658
Jurisdiction
DANE
Zoning & alternative use
PD · Madison, WI
Zoning PD · permitted uses
PD · Madison, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Madison. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2014
Heating
NONE
Stories
4
Units
50
Lot
0.67 ac
Current owner
From public records · entity-resolved
1924 Atwood LLC
Entity
Free & Clear · 10 yrs held
Mailing address
121 S PINCKNEY ST #40, MADISON, WI 53703-3338
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 2, 2024
—
1924 Atwood LLC
—
Deed
related
$4,940,000 · Us Bank NA
Feb 1, 2019
—
1924 Atwood LLC
—
Deed
related
$6,000,000 · Old National Bank
Jun 15, 2017
—
1924 Atwood LLC
—
Deed
related
$6,193,980 · Bmo Harris Bk NA
Oct 15, 2015
—
1924 Atwood LLC
Second Street Apartments LLC
Warranty Deed
—
Jul 7, 2015
$24,000
Second Street Apartments LLC
Atwood Courtyard LLC
Warranty Deed
—
Jul 29, 2014
—
Scott C Lewis
Atwood Courtyard LLC
Warranty Deed
$5,055,000 · Bmo Harris Bank NA
Oct 12, 2012
$3,850,000
Atwood Courtyard LLC
Anchorbank Fsb
Grant Deed
$3,100,000 · Associated Bank
Oct 4, 2012
$3,200,000
Anchorbank Fsb
Sheriff Of Dane County
Trustees Deed
related
—
—
—
Atwood Courtyard LLC
—
Loan Modification
related
$3,484,119 · Associated Bank
—
—
1924 Atwood LLC
—
Loan Modification
related
$6,193,980 · Bmo Harris Bk NA
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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