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$ 640,000
Est. payment | /mo
4,356 Sqft Lot
$ 640,000
Est. payment | /mo
4,356 Sqft Lot
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Ellsworth'S
MLS Listing ID 2025858
Year Built 1914
Annual Tax Amount $10,367
Tax Year 2025
Lot Size 4,356 Sqft
Acres 0.1
Property Description
Prime Near East Side 3-unit investment opportunity just steps from Schenk's Corners. Full of character, this well-maintained property features hardwood floors, formal dining rooms in the first and second-floor units, inviting porches, a private third-floor balcony, and three off-street parking spaces. Recent improvements include major electrical updates, vinyl siding, ceiling repairs, deck and porch refinishing, a newer furnace, and updated water heaters. Rented coin-operated laundry provides additional income potential beyond current rents. With strong rental history, desirable unit layouts, and a location tenants love, this is an excellent opportunity to add a turnkey Madison investment property to your portfolio. Separate electric meters, front and rear stairways, and easy access to dining, shopping, parks, and downtown Madison complete the package. Ideal for both investors and owner-occupants looking to offset their mortgage with rental income.
Location
State WI
County Dane
Zoning TR-V1
Rooms
Basement Full, Poured Concrete
Interior
Heating Natural Gas
Cooling Forced Air
Inclusions 3 stoves, 3 refrigerators, 3 water heaters
Exterior
Exterior Feature Vinyl
Utilities Available Separate Electric Meters
Building
Dwelling Type 3+ Story
Story 3 - 4
Sewer Municipal Water, Municipal Sewer
New Construction N
Schools
Elementary Schools Lapham/Marquette
Middle Schools Okeeffe
High Schools East
School District Madison
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Listed by Devout Real Estate Group, LLC
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