See all 24 photos
24 photos
Additional details
Listed by Brad Chapman • Real Broker LLC
$825,000
Est. payment /mo
8 Beds
0.29 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Municipality MADISON
MLS Listing ID 2024342
Bedrooms 8
Year Built 1987
Annual Tax Amount $11,102
Tax Year 2025
Lot Size 0.290 Acres
Acres 0.29
Property Description
Quality 4-plex's in Madison are virtually nonexistent, making this Madison opportunity one you won't want to overlook. Three units are currently leased with a fourth vacant and move-in ready, ideal for an owner-occupant or immediate lease-up. Pro-forma rents of $1,500 to $1,600 per unit put projected gross annual income near $75,000 with strong upside potential. Built in 1987 and thoughtfully maintained, the property features a new roof (2025), fresh paint, some new flooring, and some kitchen and bathroom updates throughout. Slab foundation construction keeps maintenance simple and costs predictable. A standout feature rarely seen on multi-family properties: every unit includes its own attached private single-car garage, in-unit laundry, dishwasher, A/C, and a private patio or deck. Located off Fish Hatchery Rd with easy access to the Beltline, downtown Madison, and bike trails. A turnkey asset in a proven rental corridor and a compelling addition to any serious investment portfolio.
Location
State WI
County Dane
Zoning Res
Rooms
Basement None / Slab
Interior
Heating Natural Gas
Cooling Forced Air
Inclusions 4 Stoves, 4 Refrigerators, 4 Dishwashers, 4 A/C-Heater Combo Units, 4 Washers, 4 Dryers
Exterior
Exterior Feature Vinyl
Parking Features 1 Car, Attached, Opener Included
Garage Spaces 1.0
Utilities Available Separate Electric Meters, Separate Gas Meters
Building
Dwelling Type Apartment Building
Sewer Municipal Water, Municipal Sewer
New Construction N
Schools
Elementary Schools Leopold
Middle Schools Cherokee
High Schools West
School District Madison
Read Less Info
Copyright 2026 WIREX - All Rights Reserved
Nearby School & Business
Get More Information
Quick Search