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Madison, WI Multifamily Homes & Duplexes for Sale

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  • /71

    $580,000

    • 3,050 Sq Ft

    6305-6307 Hammersley Rd, Madison, WI 53711

    A 2-Unit west side duplex for owner-occupy option, live in one and keep renting the other to pay your mortgage. Each unit has 3 bedrooms with a possible 4th bedroom in the basement. Centrally located near schools and shopping. Within walking distance to Elver Park, minutes from bus stop making it easy to rent. Both units have seen lots of updates... Freshly painted, with updated appliances.

    Agent Photo

    Zouhair Zahid

    Lannon Stone Realty LLC

    (608) 879-8024

    6305-6307 Hammersley Rd, 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

    Agent Photo

    Frank Pohlkamp

    Assist 2 Sell Homes 4 You Realty

    (608) 470-7116

    225 Nautilus Dr, Madison, WI 53705
  • /47

    $775,000

    • 2,594 Sq Ft

    722 W Lakeside St, Madison, WI 53715

    Classic character united w/brilliant finishes in breathtaking location makes this an amazing investment or distinguished enough to call home. Main level has stylish renovated kitchen -many cabinets w/breakfast bar under bay of windows, also updated bath of tile floors & tub surround. Wood floors in all units along with thick woodwork for turn of the century charm. With numerous windows all units

    Doug Noot EXP Realty, LLC

    722 W Lakeside St, Madison, WI 53715
  • /59

    $1,199,000

    • 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
  • /19

    $350,000

    • 1,401 Sq Ft

    1411 Williamson St Unit 1, Madison, WI 53703

    Showings start 9/22. Great opportunity to invest on Willy Street! Same owner for the last 46 years. This historical district property features an upper and lower 2-bedroom units. Two car detached garage and off-street parking. Enjoy the Willy St dining, music venues, coffee shops and shopping. Priced below assessed value to allow next owner to revitalize property. Need 24-hour notice for tenants

    Carla Collins Stark Company, REALTORS

    1411 Williamson St Unit 1, Madison, WI 53703
  • /13

    $1,149,000

    • 1,995 Sq Ft

    515 N Pinckney St, Madison, WI 53703

    Exceptional investment opportunity in Madison’s coveted Mansion Hill. This 7-unit apartment building features original hardwood floors, balconies, and thoughtfully designed layouts. Located steps from UW-Madison, the State Capitol, and Lake Mendota, it offers strong tenant demand and low vacancies in a high-growth rental market. Current below-market rents offer immediate cash flow with

    Timothy Flores LPT Realty

    515 N Pinckney St, Madison, WI 53703
  • /37

    $599,900

    • 1,630 Sq Ft

    1308 Eberhardt Ct Unit 1, Madison, WI 53715

    Well maintained multi-unit in fabulous location that is ideal for owner occupancy or keep as an investment since it is easy to rent. Original character of beautiful woodwork incl. refinished wood floors combined with modern updates -New electrical (now has separate panels) with all knob & tube removed, tankless H20 Htr. Open main level w/many large windows & archways, covered front porch &

    Doug Noot EXP Realty, LLC

    1308 Eberhardt Ct Unit 1, Madison, WI 53715
  • /48

    $1,600,000

    • 7,644 Sq Ft

    6062 Driscoll Dr, Madison, WI 53718

    Great investment opportunity in East Madison's Grandview Commons neighborhood! Immediate cash flowing with 3 units and recently vacated 4th unit for owner occupant or potential increased rents, built in 2019 offers low maintenance and off-street parking to maximize appeal. Numerous upgrades throughout include: stainless Frigidaire apps, LVP flooring on main level, Quartz counters in kitchen, 2nd

    Chris Barreau MHB Real Estate

    6062 Driscoll Dr, Madison, WI 53718
  • /19

    $399,900

    • 1,600 Sq Ft

    2025 Dunn Place, Madison, WI 53713

    This charming Duplex is nestled on a serene wooded lot just steps away from the UW Arboretum in Madison, WI. Each unit offers 2 bedrooms, 1 full bath, a private balcony, washer/dryer and spacious living areas. Conveniently located only 2.4 miles from downtown and 1 mile from W. Beltline Hwy this property is a great location for tenants. Fully leased until spring 2026 with an annual gross income

    James Stopple Madison Property Management, Inc.

    2025 Dunn Place, Madison, WI 53713
  • /40

    $2,100,000

    • 4,800 Sq Ft

    6749 Raymond Rd, Madison, WI 53719

    8 units townhouse building on the lot of 0.89 acrea; Each unit has 2-car garage; 2 end-units are 1350 sqft each; the other 6 units are 1115 sqft each; 6 units have 2.5 baths, 2 units have 1.5 bath + fireplace; Continous updates for each unit whenever changing tenants. See attached documents for features of each unit; Floor plans; Rent Rolls; List of updates; 2024 Income/Expense. The adjacent lot

    Yishu Jiang Tri-River Realty

    6749 Raymond Rd, Madison, WI 53719
  • /35

    $437,000

    • 2,052 Sq Ft

    2118 Atwood Ave, Madison, WI 53704

    LOCATION!!!!! This memorable "Packer" building is Green & Gold and available for the first time in 46 years! The main level is a commercial space occupied by Talbot Gallery for $800/mo (1,105sqft main level & 712sqft basement). The 2nd floor is a 3 bed/1 bath apartment currently rented for only $1,500/mo (947sqft & entire 2nd floor). Both leases are verbal and month to month. The adjacent

    Ryan Schmitz The Hub Realty

    2118 Atwood Ave, Madison, WI 53704
  • /37

    $649,900

    • 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
  • /60

    $1,000,000

    • 2,348 Sq Ft

    1053 Rutledge St, Madison, WI 53703

    Showings begin 9/18/25. Tenant occupied. 24 hour notice needed to schedule showings. Interested in living in a historic home with 40 feet of lake frontage on Lake Monona with beautiful Orton Park across the street and within walking distance of tons of great east side bistros, cafes and entertainment venues. This is your chance! Don't wait to see this one!

    Bob Winding First Weber, Inc

    1053 Rutledge St, Madison, WI 53703
  • /38

    $745,000

    • 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

    $700,000

    • 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

    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
  • /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
  • /25

    $684,900

    • 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
  • /14

    $2,900,000

    • 3,744 Sq Ft

    4610 Jenewein Rd, Fitchburg, WI 53711

    Opportunity to own multiple cash flowing assets. An attractive mix of fully rented 4-bedroom duplexes, along with a traditional 8-unit building. Whether you're just getting started, or looking to add to your portfolio, this is a unique opportunity. For Sale: Five buildings, totaling 16 units, on five parcels. Marketed as package, not to be sold individually. Addresses: 4610, 4538, 4530, 4534

    Gordon Stebbings Wisco Real Estate Sales

    4610 Jenewein Rd, Fitchburg, WI 53711

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
$410,000
Median Single Family Sale Price
$449,900
Median Townhouse Sale Price
$443,750
Median 2 Bedroom Sale Price
$279,800
Median 1 Bedroom Sale Price
$275,000
Average Price Per Sq Ft
$276
Number of Homes for Sale
430
Last 12 months Home Sales
2,312
Months of Supply
2.20
Median List Price
$415,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
3%
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