Madison, WI Multifamily Homes & Duplexes for Sale

Spacious side-by-side duplex in a desirable west Madison location offering an excellent investment or owner-occupant opportunity. Live in one unit and offset your mortgage with rental income, or add a strong income-producing property to your portfolio. Conveniently located near Elver Park, shopping, restaurants, schools, public transit, and the Beltline, with easy access to Verona and Epic,

Jenny Bunbury-Johnson Bunbury & Assoc, REALTORS

4 unit apartment complex located just 2 blocks off Williamson St. and 1 block from Lake Monona. Unit# 1 is 2 bed + 1 bath, unit #2 is a studio + 1 bath, unit #2 is 1 bed + bath and unit #4 is 1 bed + den with 1 bath. Shared laundry in basement, front porch, shared driveway access, 4 parking spaces behind property, walking distance to many local restaurants and only 1 mile from downtown Madison.

James Stopple Madison Property Management, Inc.

Very well maintained 4 unit on Madison's Eastside. All units have been updated with LVP flooring, new kitchens and baths. 3 Newer water heaters. The 2 main level units have private access from outside as well as from shared hallway. Basement has 4 storage lockers for each unit along with coin operated washer and dryer (brings in approximately $60/month) Private and quiet neighborhood setting.

Chad Scott First Weber Inc

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

Rare opportunity to own the 120–126 N. Franklin St portfolio, a 6-unit, 27-bedroom side-by-side investment property in a premier rental location near James Madison Park. This exceptionally well-maintained portfolio offers strong in-place income, consistent tenant demand, and easy leasing year after year. The property currently generates $315,254 in annual income with pro forma projections of

Imani Jones EXIT Realty HGM

Great downtown 3-unit in an unbeatable location! New roof in 2025, newer furnace and updated electrical which are separately metered. Just blocks from the Capitol Square, James Madison Park & Kohl Center. Residents will love the inviting front porches ideal for entertaining, with easy access to downtown dining, shopping, entertainment, and the lakefront. Fully rented until August of 2027. This is

Ken Seifert Realty Executives Capital City

Show 6/26-6/28. Unique townhouse style multifamily with lots of updates and a convenient location near downtown and bus routes. Each unit is 3 floors with its own basement. 1 unit is currently empty if a buyer would like to owner-occupy, or the seller will fill. All units except 43 have been updated at some point. Newer siding, soffits, fascia, driveway, and AC.

Nicole Goggio Realty Executives Cooper Spransy

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

Sarah Gabrielse Devout Real Estate Group, LLC

Well maintained four unit on Madison's west side. Only one block off of Mineral Point Rd, near BART system. Quiet setting with a partially wooded lot. Each unit has a 1-car garage and one parking stall. Easy walking distance to numerous restaurants & retail.

Michael Herl Madison Commercial Real Estate LLC

Rare Opportunity—Live in One, Rent the Other! Rare find in a prime location! This duplex features two 1-bedroom, 1-bath units, making it ideal for an owner-occupant or investor. Each unit offers comfortable living, plus a private lower-level bonus/storage space, central AC, shared laundry, and separate electric meters. Previously used as a single-family home, it may offer future conversion

Matt Kornstedt Stark Company, REALTORS

Rarely do you find a 2-flat with this much size, income, and upside all in one package! Located right next to James Madison Park, this 8-bedroom property is already generating over $7,100/month with potential to push rents beyond $8,200/month. The oversized units, off-street parking, unbeatable location, and classic charm make these apartments incredibly easy to rent year after year. Well

Imani Jones EXIT Realty HGM

Opportunity awaits with this charming 2-unit investment property in a highly desirable Madison location! Featuring a vacant 4-bedroom, 2-bath unit, this property offers excellent flexibility for an owner-occupant or the ability to maximize rental income with a new tenant. The second unit is a cozy 1-bedroom, 1-bath apartment, providing an additional income stream. Full of timeless character and

Rose Freidel First Weber Inc

Freedom Park Apartments represents a strong multifamily investment opportunity in Madison’s growing east-side market, an area supported by expanding residential demand and convenient access to major employment and commercial centers. The property's location places residents within minutes of prominent retail and dining destinations, including Aldi, Target, East Towne Mall, Subway, Wendy’s, and a

Chris Gantz Patriot Properties

Excellent opportunity to own a well-maintained 4-unit property in one of the strongest multifamily markets in the country. This property offers a rare and preferred 3 Bedroom, 1.5 Bath Units with a proven rental history, stable occupancy, and room to increase rents providing both immediate cash flow and future upside. Tenants love having a private 1 car garage and the convenient location. One

Jon Poletti Haven Real Estate Partners

This well-maintained three-unit property features three 2-bedroom, 1-bathroom units. The shared lower level provides convenient access to laundry and additional common space, while the private parking offers ample off-street parking for residents. This property presents an excellent opportunity for an owner-occupant or investor looking to add a quality multi-family property to their portfolio.

Garret Clemment MHB Real Estate

Exceptional opportunity to own a side-by-side duplex with an extensive list of recent updates and energy-efficient improvements. Both units feature a new roof (2022), fresh interior paint (2026) and numerous Project Home energy upgrades completed in 2026, including new heat pumps/AC units on both levels, added wall and attic blown insulation, weather sealing, programmable bathroom ventilation

Jordan Armentrout Pinnacle Real Estate Group LLC

Duplex opportunity in one of the west side's most convenient and sought-after corridors — two spacious townhouse-style units, each offering 3 bed/2 bath, main-level laundry, and a 2-car garage. Hardwood floors in unit 722, FP, stainless appliances, and an exposed lower level give each unit a quality feel tenants love. NEW roof. Charming outdoor space with a cherry tree, grapevines, and rhubarb; a

LaDonna Steinert Compass Real Estate Wisconsin

Beautiful Victorian style 5-unit apartment complex located just 2 blocks off Williamson St. and 1 block from Lake Monona. Units #1, #3 & #5 are one bedroom and one bath. Unit #2 is two bedrooms and one bath. Unit #3 is three bedrooms and one bath. Shared laundry in basement, large gorgeous front porch, shared driveway access, 4 parking spaces behind property, walking distance to many local

James Stopple Madison Property Management, Inc.

Solid two-flat investment property in the heart of campus housing! This classic multi-unit property has a flexible layout and is currently rented as a single house with one lease at $4,570 per month. Two parking spots are currently leased at $135 each per month. The 2026/27 lease is signed for $4,800 per month with one parking spot at $135 per month. Tenants pay their own gas, electrical and

Caleb Payne Madcityhomes.Com

This spacious, well-maintained duplex on Madison’s East Side offers a fantastic opportunity for investors and/or homeowners! Each side features 4 bedrooms and 3 full bathrooms, including a private en-suite with double vanities and walk-in closets in the main bedrooms. The open-concept living and dining areas provide ample space, while a second living room in the lower level adds flexibility. Both

Jason Berning Realty Executives Cooper Spransy

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

Caleb Payne Madcityhomes.Com

Classic downtown 3-unit in an unbeatable location! New roof coming week of 7/20. Just blocks from the Capitol Square and James Madison Park, this well-maintained property offers the perfect combination of historic charm and investment potential. Residents will love the inviting front and back decks, ideal for relaxing or entertaining, while enjoying easy access to downtown dining, shopping,

Jeffrey Cullen Weichert, Realtors- Lakepoint

Freedom Park Apartments presents an attractive multifamily investment opportunity on Madison’s growing east side. The property benefits from a highly desirable location just minutes from major retail, dining, and employment amenities, including Aldi, Target, East Towne Mall, Subway, Wendy’s, and numerous other neighborhood conveniences. Each unit features a functional 2-bedroom, 1-bathroom

Chris Gantz Patriot Properties

An investor’s dream! High cash flow or owner occupy and have the other half pay your mortgage. New roof, gutters, and water heaters in 2024. Location, location, location. Close to MATC, East Towne, bus stops and the interstate. Many walkable amenities nearby. 1BR/1Bath on each side. Separate washer/dryer in a shared basement. Plenty of storage and a two-car garage. Charming neighborhood with

Stuart Meland Madcityhomes.Com

FULLY Occupied! Turn-key cash-flow on Madison’s East Side! This all-brick 4-unit building offers immediate rental income and low-maintenance upkeep. All four units are already leased through mid-2027, providing rock-solid stability from day one. Every unit features durable, turnover-friendly hard-surface flooring throughout (no carpet to replace!). Conveniently located near parks, dining, and

Jessica Janssen Design Realty LLC

ARBORETUM ARMS LLC APARTMENTS! This spacious, charming, brick building apartments have a large living room, formal dining room. Each unit has one bath with tub and shower. With the exception of the kitchen and bath, there are hardwood floors throughout. An open sun porch overlooks the yard and garden area. It is 1/2 block to the Arboretum and Lake Wingra with boats available for rental. Close

Brandon Housley Artisan Graham Real Estate

Stabilized 7-unit in Madison with a brand-new roof, completed June 22. Long-term tenants anchor the rent roll. Two units leased July 1 at $1,250 and $1,350, with three accepted renewals at $1,250 starting August 1. Six units are similar in size and share laundry in the basement. Unit 3724 is the standout, a townhome-style layout with bedrooms upstairs and its own private unfinished basement with

Trey Gardner EXP Realty, LLC

This 1923 all-brick apartment building comprises 6 units behind a classic Prairie School facade: 5 with 2 beds plus den, and 1 studio with fireplace. 4 upper units are nearly identical, while 2 are considered below grade with great natural light. The larger ground unit boasts a private entrance and decades of success as a professional law office. Front and rear stair halls comply with modern

Torre Pustina The Professional Brokers

3 Unit apartment located just one block from Atwood Ave at the intersection of E. Main St. and Second St. Unit #1 is 825 sq.ft., 1 bed, 1 full bath. Unit #2 is 825 sq.ft., 1 bed, 1 full bath and leased out until 7/31/2027. Unit #3 is a studio with 1 full bath and leased out until 7/31/2027. There is a detached 2 car garage and additional city side street parking. Only 2 miles from downtown

James Stopple Madison Property Management, Inc.

Renovated 2-unit in the heart of Eken Park neighborhood. The 1bd unit, rented for $1,425/mth, has an extra space that could be used as office or second living/dining area. Subfloor recently repaired with brand new LVP flooring. Unit was totally renovated in recent years. The front efficiency unit was just renovated this year with brand new kitchen, bathroom, flooring, paint, etc. Property has new

Seth Peterson Realty Executives Cooper Spransy

Emerson two flat boasts a great opportunity to get into the market and start building equity. Great for investor, owner occupied unit or potential to convert back to a single family home. Both units offer spacious floorplans, oak hardwood floors, character rich vintage bathrooms and kitchens. 1st floor apartement has additional space in the basement for media or hobbies and offers a 2nd kitchen

Liz Lauer Lauer Realty Group, Inc.

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

Brad Chapman Real Broker LLC

Your investment portfolio starts here, in the beautiful Tenney-Lapham neighborhood. This two-flat property is the heart of Madison, and beautifully showcases turn-of-the-20th-century details you can't pay for today: original woodworking, hardwood flooring, large bay windows, and pocket doors. The main floor is a lovely 2-bed/1-bath unit, and the remodeled upper unit is the 2nd & 3rd floor of the

Lane Manning Realty Executives Cooper Spransy

120-122 N Franklin St is a rare opportunity to own a high-performing 3-flat investment property with an incredible 14 bedrooms in one of Madison’s most desirable rental locations. Currently generating over $13,500/month in income with potential to exceed $14,500/month, this property offers immediate cash flow and strong upside potential. Located steps from James Madison Park, tenants love the

Imani Jones EXIT Realty HGM

Strong multifamily investment opportunity in a highly desirable East Madison location near downtown, UW–Madison, and the Atwood corridor. Offers solid rental demand, a functional layout with separate living spaces, and classic character throughout. The property presents long-term upside with value-add potential in a proven rental market. Convenient access to campus, dining, parks, and public

Gerardo Jimenez Sprinkman Real Estate

Monona three unit apartment building offers an opportunity to owner occupy or a solid investment in a growing community! The 1st floor apartment offers three bedrooms, remodeled kitchen w/SS appliances + dishwasher, tile backsplash, new LVP flooring, new a/c unit and remodeled bath. Unit 2 & 3 have been remodeled and offer new LVP, kitchen and bath remodels in '25, blue tooth speaker/fan in

Liz Lauer Lauer Realty Group, Inc.

Excellent Investment Opportunity in prime Middleton Location! Well-maintained duplex in the heart of Middleton, minutes from Downtown Middleton and Greenway Station. Property features two spacious units: both 3 bed, 2.5 baths, fully finished basements for additional living space, and sunroom/office that could be used as a 4th bedroom. Units have private entrance, their own 2 car garage, and are

Michael Weiss MHB Real Estate