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Kelly Doyle

kelly@kellydoylehomes.com +1(608) 669-1010

Listed by Madcityhomes.Com • caleb@madcityhomes.com

$1,345,000

9 Beds

3 Baths

2,580 SqFt

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Key Details

Property Type Multi-Family

Sub Type 3 story

Listing Status Active

Purchase Type For Rent

Square Footage 2,580 sqft

MLS Listing ID 2023152

Bedrooms 9

Full Baths 3

Year Built 1904

Annual Tax Amount $12,341

Tax Year 2025

Lot Size 2,178 Sqft

Acres 0.05

Property Sub-Type 3 story

Property Description

An exceptional opportunity in downtown Madison, WI, this 3-unit, 9-bedroom is the closest house on Mifflin to campus with great southern light, full front decks, and rear exit decks. Each unit in this turn-key property is leased thru 08/2027 and offers a spacious and practical layout, including a full kitchen, three bedrooms, one bathroom, and a comfortable living area. Tenants appreciate the updated basement with storage and laundry. Additional income is generated through four on-site parking spaces. Tenants are responsible for electricity, garbage/recycling, cleaning, and snow removal. With gross income of $108,900 for 2026/2027 and several rents below market, a new buyer has the potential to earn an even greater return on their investment through future lease adjustments.

Location

State WI

County Dane

Area Madison - C W01

Zoning Dr2

Direction W Washington To N Bedford to W Mifflin St

Rooms

Basement Full, Other foundation

Interior

Heating Forced air

Inclusions 3 refrigerators, 3 ranges, 1 dishwasher, washer, dryer

Heat Source Natural Gas

Exterior

Parking Features 1 space

Utilities Available Separate elec meters

Building

Water Municipal sewer, Municipal water

Structure Type Vinyl

Schools

Elementary Schools Franklin/Randall

Middle Schools Hamilton

High Schools West

School District Madison

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Kelly Doyle

+1(608) 669-1010

Realtor

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554 W Mifflin Street Madison, WI 53703

Kelly Doyle

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

NEARBY SCHOOL & BUSINESS

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554 W Mifflin Street