$2,500,000

116 / 122 / 128 E Johnson St Madison, WI 53703

Downtown Madison Neighborhood

Estimated payment $15,505/month

-- Bed
-- Bath
6,043 Sq Ft
$414 Price per Sq Ft

Highlights

  • 0.48 Acre Lot
  • Balcony
  • Forced Air Heating System
  • Den
  • Eat-In Kitchen
  • 2-minute walk to Period Garden Park

About This Home

Site totals 21,018 sq. ft. (.48 acres) for multi family redevelopment. Dental office and 2 adjoining apartment buildings for a total of 4 units. Highest and best use is for redevelopment to a 45+ unit apartment provided City of Madison grants all required approvals, but with good cash flow in the meantime. MLS profile identifies 116 E. Johnson as Unit 1, Unit 2 is 128 E. Johnson #1, Unit 43 is 128 E. Johnson #2, and the Dental office as Unit 4.

Listing Agent

David Mays

First Weber Inc Brokerage Email: HomeInfo@firstweber.com License #57206-90 Listed on: 03/24/2026

First Weber Inc

Co-Listing Agent

Dan Lee

First Weber, Inc Brokerage Email: HomeInfo@firstweber.com License #30413-90 389-9

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $28,259

Home Design

  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Family Room
  • Den

Kitchen

  • Eat-In Kitchen
  • Oven or Range

Basement

  • Basement Fills Entire Space Under The House
  • Partial Basement
  • Shared Basement

Parking

  • 16 Open Parking Spaces
  • On-Street Parking
  • Outside Parking

Schools

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

Additional Features

  • Balcony
  • 20,909 Sq Ft Lot
  • Forced Air Heating System

Community Details

Overview

  • 4 Units
  • The community has rules related to parking rules

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$28,259

Lot Details

0.48 Acres

Listing Details

  • Municipality: Madison
  • Status Detail: Active
  • Mailing City: Madison
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: 2 story, SingleFam zoned MultiFam
  • Items Excluded: Personal property of owner & tenants
  • Items Included: 3 Stoves, 3 refrigerators, 1 washer, 1 dryer
  • Miscellaneous: Shared laundry
  • Year Built: 999
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Partial
  • Number Dryers: 1
  • Number Washers: 1

Exterior Features

  • Exterior: Vinyl

Garage/Parking

  • Heating Fuel: Natural Gas
  • Heating Type: Forced air
  • Parking Stalls Outside: 16

Utilities

  • Water Waste: Municipal water, Municipal sewer
  • Park Unit: Outside, Parking fee

Schools

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

Lot Info

  • Estimated Aces: 0.48
  • Zoning: DR1 / UOR
  • Geo Subdivision: WI

Rental Info

  • Total Income: 197160

Tax Info

  • Net Taxes: 28259
  • Tax Year: 2025
  • Assessor Parcel Number: Multiple

Multi Family

  • Number Of3 Bedrooms: 3
  • Number Of Units: 4

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/24/2026 03/24/26 For Sale $2,500,000 -- $414 / Sq Ft
Source: South Central Wisconsin Multiple Listing Service

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 2019155

South Central Wisconsin Multiple Listing Service
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