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Madison, WI Multifamily Homes & Duplexes for Sale

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  • /60

    $770,000

    • 3,630 Sq Ft

    8133 Broadmoor St, Madison, WI 53719

    Quality built, westside duplex available. Large eat-in kitchen with island. Very open, bright floorplan with Anderson windows letting in great light. Upper floor laundry next to the bedrooms. One side just updated with new flooring, lighting and appliances. Current rents bring in over $5000 per month. Possible owner occupy in March.

    Eric Olson Bunbury & Assoc, REALTORS

    8133 Broadmoor St, Madison, WI 53719
  • /59

    $650,000

    • 2,482 Sq Ft

    6918 Chester Dr, Madison, WI 53719

    Solid investment opportunity available. One side recently updated with new flooring, paint and appliances. Possible owner occupied could be available if desired.

    Eric Olson Bunbury & Assoc, REALTORS

    6918 Chester Dr, Madison, WI 53719
  • /59

    $1,234,000

    • 4,286 Sq Ft

    510 S Park St, Madison, WI 53715

    Rare opportunity to own 2 buildings, 2 commercial spaces, 4 apartments, oversized two car garage with ample parking on the booming S Park St corridor! This property is adjacent to Vilas/Greenbush neighborhood and walkable to everything downtown! The commercial tenants include Cordial Bar, where the motto is, "Outside's a Dive, Inside's a Vibe". They have been in business for 4 years and have an

    Ryan Schmitz The Hub Realty

    510 S Park St, Madison, WI 53715
  • /40

    $720,000

    • 2,808 Sq Ft

    2305 Mckenna Blvd, Madison, WI 53711

    Great opportunity to get into the property investment market! Completely updated with new windows, doors, flooring, cabinets, lighting and appliances. Roof replaced in 2024. Rented up until May of next year bringing in over $5,600 per month. Each side has a large 2 car garage and still plenty of room in the driveways. Secluded and fenced back yards.

    Eric Olson Bunbury & Assoc, REALTORS

    2305 Mckenna Blvd, Madison, WI 53711
  • /38

    $675,000

    • 2,565 Sq Ft

    1046 E Gorham St Unit 2, Madison, WI 53703

    Don’t miss this rare opportunity to own a well-maintained two-flat in one of Madison’s most desirable Isthmus neighborhoods. This versatile property features a spacious 2-bedroom, 1-bath lower unit and a bright and airy 3-bedroom, 1-bath upper unit-ideal for owner-occupants, investors, multi-generational living, or convert back to single-family home. The lower unit boasts a great layout with

    Victoria LaBrosse The Frugal Broker LLC

    1046 E Gorham St Unit 2, Madison, WI 53703
  • /25

    $499,900

    • 1,792 Sq Ft

    2670 Hoard St Unit 1, Madison, WI 53704

    Add a solid investment to your portfolio—or plan your future move! Both units are leased through July 31, 2026, providing steady rental income. Or, consider transitioning into one unit while the other helps cover your mortgage. Each bright, airy unit features 2 bedrooms with generous natural light. The shared basement includes separate, lockable storage areas, shared laundry machines with

    Chris Muchka Steven's Real Estate

    2670 Hoard St Unit 1, Madison, WI 53704
  • /38

    $750,000

    • 3,519 Sq Ft

    5794 Portage Rd, Madison, WI 53718

    Two homes, one incredible opportunity! Nestled on a wooded 2-acre lot, this unique Madison property includes a 4-bedroom, 1.5-bath home & a 3-bedroom, 2.5-bath home... each with its own deck for enjoying the peaceful surroundings. Consider multi-generational living, extended family nearby, or with one house currently rented, you can move in and generate income from day one. Just minutes from

    Kevin Clark Better Homes and Gardens Real Estate Dream Partners

    5794 Portage Rd, Madison, WI 53718
  • /13

    $365,000

    • 1,279 Sq Ft

    2245 Winnebago St Unit 1, Madison, WI 53704

    A rare opportunity just steps from the Atwood neighborhood-this classic two-flat has been owned and well cared for by the same owners for many years and offers excellent investment potential. Fully leased through July 2026, it’s a truly turnkey addition to your portfolio. Each unit has a private entry from the shared front porch. Unit 1 is a 1 bedroom, 1 bath layout all on one level, featuring an

    Mari Slobounov Keller Williams Realty

    2245 Winnebago St Unit 1, Madison, WI 53704
  • /13

    $720,000

    • 3,920 Sq Ft

    26 Northridge Terrace, Madison, WI 53704

    This fully leased 4-unit apartment building offers steady cash flow and well-maintained living spaces. Built in 1986, each of the four 2-bedroom, 1-bath units features a private 1-car garage and separate utility metering. The property is subject to an affordability covenant requiring all units be rented to low- to moderate-income households at or below 80% of area income limits, based on HUD’s

    Seth Pfaehler The McGrady Group, LLC

    26 Northridge Terrace, Madison, WI 53704
  • /10

    $700,000

    • 4,160 Sq Ft

    4638 Hayes Rd, Madison, WI 53704

    This fully leased 4-unit apartment building offers steady cash flow and well-maintained living spaces. Built in 1986, each of the four 2-bedroom, 1-bath units features a private 1-car garage and separate utility metering. The property is subject to an affordability covenant requiring all units be rented to low- to moderate-income households at or below 80% of area income limits, based on HUD’s

    Seth Pfaehler The McGrady Group, LLC

    4638 Hayes Rd, Madison, WI 53704
  • /10

    $700,000

    • 4,160 Sq Ft

    4650 Hayes Rd, Madison, WI 53704

    This fully leased 4-unit apartment building offers steady cash flow and well-maintained living spaces. Built in 1986, each of the four 2-bedroom, 1-bath units features a private 1-car garage and separate utility metering. The property is subject to an affordability covenant requiring all units be rented to low- to moderate-income households at or below 80% of area income limits, based on HUD’s

    Seth Pfaehler The McGrady Group, LLC

    4650 Hayes Rd, Madison, WI 53704
  • /7

    $899,999

    • 1,500 Sq Ft

    304 W Wilson St, Madison, WI 53703

    Discover this exceptional investment opportunity in the heart of downtown! This classic brick exterior is well maintained and ensures durability and timeless curb appeal with a total of 6 units offering a prime location and proven track record of consistent income. The building comprises four efficiency units and two comfortable one bedroom units. All units are currently leased, showing a strong

    Steve Schwartz Restaino & Associates

    304 W Wilson St, Madison, WI 53703
  • /31

    $509,500

    • 2,800 Sq Ft

    1010 W Badger Rd, Madison, WI 53713

    All brick, 4 unit, with easy access downtown, west side and Monona. The property is 100% leased at $1,000/month/unit on all 4 units. Landlord pays heat & water, tenants pay electricity. Ample parking on site. This property has been easy to manage and is in turnkey shape for the owner.

    Ryan Schmitz The Hub Realty

    1010 W Badger Rd, Madison, WI 53713
  • /6

    $700,000

    • 1,960 Sq Ft

    18 Northridge Terrace, Madison, WI 53704

    Well-Maintained North Madison Investment Property A Must-See! This impressive multi-unit property on Madison’s north side is a solid investment opportunity. Each unit features: 2 bedrooms and 1 full bath Attached 1-car garage Private balcony or patio for outdoor enjoyment Your buyers will appreciate the care and upkeep of this property, along with its strong rental appeal and convenient location.

    Josh Lamp Berkshire Hathaway HomeServices True Realty

    18 Northridge Terrace, Madison, WI 53704
  • /14

    $249,900

    • 1,028 Sq Ft

    618 North St Unit 1, Madison, WI 53704

    Welcome to this cute bungalow-style duplex, offering a unique opportunity for both investors and owner-occupants alike. Each side features 1 bedroom and 1 full bath, making it perfect for rental income, multi-generational living, or conversion into a single-family home. One unit has been recently renovated with LVP flooring, new cabinetry, and modern appliances—ready for immediate occupancy. The

    Joel Hinsey Stark Company, REALTORS

    618 North St Unit 1, Madison, WI 53704
  • /25

    $699,000

    • 2,538 Sq Ft

    1042 E Gorham St, Madison, WI 53703

    Welcome home to this beautiful duplex in the heart of Madison's sought after Tenney-Lapham neighborhood. Each unit has gorgeous original woodwork, tall ceilings, and a great open concept layout, ideal for entertaining family and friends. there is plenty of off-street parking, which is a huge plus in this neighborhood. There is also a third floor finished attic that would make a great office,

    Shelly Cronin Century 21 Affiliated

    1042 E Gorham St, Madison, WI 53703
  • /19

    $999,900

    • 3,200 Sq Ft

    914 N Oak St, Madison, WI 53704

    Excellent investment opportunity! This six-unit apartment building features spacious 2-bedroom, 1-bathroom units, each designed for comfortable living. With all units currently rented, the property generates over $97,000 in annual income. Well-maintained and ideally located, this income-producing property is perfect for both seasoned investors and those looking to start or expand their portfolio.

    Eric Breidel Investment Realty Services LLC

    914 N Oak St, Madison, WI 53704
  • /17

    $1,185,000

    • 2,880 Sq Ft

    2338 Allied Dr, Madison, WI 53711

    Eight 720 sf two bedroom condo units in a brick 8-unit. Each unit has two assigned parking stalls in an expanded parking lot along with 1 storage unit. Condo fees are $430/month/unit. The condo fees include Maintenance up keep of building and common areas, Electricity for common areas, Water for each unit, Management fees, Heat, Snow removal and Landscaping. Units are currently under rented on

    Carson Brewer ALTUS Commercial Real Estate, Inc.

    2338 Allied Dr, Madison, WI 53711
  • /18

    $1,450,000

    • 3,248 Sq Ft

    225 Nautilus Dr, Madison, WI 53705

    Solidly built, brick 8 unit now in an established neighborhood. Each unit includes one space in a detached garage, and storage locker. Each building also features basement laundry area for tenant use. This property has been well-maintained but can use some cosmetic updates. Strong rental history with some room for rent increases. Rents listed are for Units in Building 225. Additional unit rents

    Frank Pohlkamp Assist 2 Sell Homes 4 You Realty

    225 Nautilus Dr, Madison, WI 53705

Why Live in Madison

Madison's iconic State Street connects the majestic Capitol building to the University of Wisconsin campus, creating a pedestrian paradise filled with local shops and eateries. The city embraces its location between Lakes Mendota and Monona, where residents enjoy boating, swimming, and kayaking throughout summer months. The Memorial Union Terrace provides stunning lakefront views while serving as a gathering spot for drinks and live music. The Dane County Farmers' Market, the largest producer-only market in the United States, encircles the Capitol Square every Saturday from April through November. Cultural attractions include the Overture Center for the Arts, which hosts Broadway shows and concerts, plus the free Henry Vilas Zoo and interactive Children's Museum. The dining scene features upscale establishments like L'Etoile and The Harvey House, alongside casual favorites such as Graze, which overlooks the Capitol. The housing market presents diverse options across neighborhoods. In Dudgeon-Monroe, the median price for single family homes reaches $800,000, while Vilas commands $1,070,000. More moderate options exist in Atwood, where the median single family home price is $450,000. The median price for one-bedroom condos throughout Madison is $235,000, with two-bedroom units at $278,800. Townhomes have a median price of $517,500. Madison's overall cost of living stands 4.9% above the national average. A family with school-age children needs approximately $110,000 annually to live comfortably, while renters should aim for $53,000. Property taxes in Dane County run 1.71%, lower than Milwaukee County at 2.04%. The city maintains strong public education, with West High School and Madison Country Day School both earning A ratings. The University of Wisconsin-Madison and Edgewood College provide higher education options. Madison Metro Transit serves the downtown area and university campus with frequent bus routes, complementing the city's 200 miles of bike trails.

Home Trends in Madison, WI

Housing Trends

Median Sale Price
$354,900
Median Single Family Sale Price
$485,000
Median 2 Bedroom Sale Price
$273,000
Median 1 Bedroom Sale Price
$295,000
Average Price Per Sq Ft
$302
Number of Homes for Sale
26
Last 12 months Home Sales
341
Months of Supply
0.90
Median List Price
$375,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-21%
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