$1,350,000
SOLD SEP 30, 2025
-- Bed
-- Bath
2,296 Sq Ft
0.29 Acres

Recently Sold

$588 Per Sq Ft

9% Below List Price

72 Days on Market

Highlights

  • 0.29 Acre Lot
  • Property is near a bus stop
  • Family Room
  • Eat-In Kitchen
  • Forced Air Heating and Cooling System

About This Home

As of September 2025

8 unit apartment complex located just 5 mins from downtown Madison off E Washington Ave and N. Ingersoll St. All units are 574 sq.ft with 1 bedroom, 1 full bath, eat in kitchen and a living room area. Shared laundry room onsite, storage units for tenants in basement along with a large room for landlord storage and 10 outdoor parking stalls. Walking distance to Festival Foods and many other local restaurants and entertainment. Some updates to the units and common areas. Annual gross income of $124,380

Last Agent to Sell the Property

James Stopple

Madison Property Management, Inc. License #12003-90 Listed on: 05/07/2025

Co-Listed By

Tony Xiong

Madison Property Management, Inc. License #69875-94

Last Buyer's Agent

James Stopple

Madison Property Management, Inc. License #12003-90 Listed on: 05/07/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $22,577

Year Built

  • Built in 1964

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 2-Story Property
  • Family Room
  • Basement Fills Entire Space Under The House

Kitchen

  • Eat-In Kitchen
  • Oven or Range
  • Dishwasher

Parking

  • 10 Open Parking Spaces
  • Outside Parking

Schools

  • Lapham/Marquette Elementary School
  • Okeeffe Middle School
  • East High School

Utilities

  • Forced Air Heating and Cooling System
  • Separate Meters
  • Individual Controls for Heating

Additional Features

  • 0.29 Acre Lot
  • Property is near a bus stop

Community Details

  • 8 Units

Listing and Financial Details

  • Assessor Parcel Number 0709-131-0910-8

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$22,577

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Municipality: Madison
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: Apartment building, 2 story
  • Items Excluded: seller/tenants personal property
  • Items Included: 8 fridges, 8 stoves, 2 water heaters, 1 furnance, washer/dryer
  • Miscellaneous: Close to bus line
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Number Dryers: 1
  • Number Washers: 1
  • Number Water Softeners: 1

Exterior Features

  • Exterior: Brick

Garage/Parking

  • Heating Fuel: Natural Gas
  • Heating Type: Forced air
  • Parking Stalls Outside: 10

Utilities

  • Water Waste: Municipal water, Municipal sewer
  • Park Unit: Outside
  • Utilities: Separate elec meters

Schools

  • Elementary School: Lapham/Marquette
  • High School: East
  • Middle School: OKeeffe
  • School District: Madison

Lot Info

  • Estimated Aces: 0.29
  • Zoning: TR-V2
  • Geo Subdivision: WI

Rental Info

  • Total Income: 124380

Tax Info

  • Net Taxes: 22577
  • Tax Year: 2023
  • Assessor Parcel Number: 0709-131-0910-8

Multi Family

  • Number Of1 Bedrooms: 8
  • Number Of Units: 8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 7, 2025
Closed on
Sep 30, 2025
Sold by
1116 E Mifflin Llc
Bought by
1116 East Mifflin Street Llc
Seller's Agent
James Stopple
Madison Property Management, Inc.
Buyer's Agent
James Stopple
Madison Property Management, Inc.
List Price
$1,479,000
Sold Price
$1,350,000
Premium/Discount to List
-$129,000
-8.72%
Views
44

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
127.17%
Original Mortgage
$945,000
Outstanding Balance
$945,000
Interest Rate
6.58%
Mortgage Type
New Conventional
Estimated Equity
$698,834

Purchase Details

Closed on
Aug 19, 2021
Sold by
Herbst Nathan and Herbst Sarah
Bought by
1116 E Mifflin Llc

Purchase Details

Listed on
Apr 13, 2021
Closed on
May 17, 2021
Sold by
Martinson Danny Ray
Bought by
Twenty Cent Capital Llc
Seller's Agent
Dan Martinson
South Central Non-Member
Buyer's Agent
Tammy Krez
Stark Company, REALTORS
List Price
$1,100,000
Sold Price
$1,240,000
Premium/Discount to List
$140,000
12.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.31%

Purchase Details

Closed on
Mar 1, 2006
Sold by
Martinson Diane Lynn
Bought by
Martinson Ray
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $1,350,000 First American Title
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Warranty Deed $1,090,000 None Available
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $945,000 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/30/2025 09/30/25 Sold $1,350,000 -8.7% $588 / Sq Ft
05/07/2025 05/07/25 For Sale $1,479,000 +19.3% $644 / Sq Ft
05/17/2021 05/17/21 Sold $1,240,000 +12.7% $521 / Sq Ft View Prior Sale
04/20/2021 04/20/21 Pending -- -- --
04/13/2021 04/13/21 For Sale $1,100,000 -- $462 / Sq Ft
Source: South Central Wisconsin Multiple Listing Service

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $43,736 $1,240,000 $155,000 $1,085,000
2023 $22,577 $1,240,000 $155,000 $1,085,000
2021 $15,393 $720,000 $155,000 $565,000
2020 $15,311 $685,000 $154,000 $531,000
2019 $14,605 $651,000 $140,000 $511,000
2018 $13,885 $620,000 $140,000 $480,000
2017 $13,312 $574,000 $140,000 $434,000
2016 $13,033 $547,000 $127,000 $420,000
2015 $12,537 $496,000 $127,000 $369,000
2014 $11,939 $496,000 $127,000 $369,000
2013 $10,313 $496,000 $127,000 $369,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1999181

South Central Wisconsin Multiple Listing Service

APN: 0709-131-0910-8