NOT LISTED FOR SALE
8 Beds
4 Baths
2,925 Sq Ft
8,712 Sq Ft Lot

Last Sold April 02, 2024

Last sale price $1,400,000 $479 Per Sq Ft

99 Days on Market

Highlights

  • 0.2 Acre Lot
  • Wood Flooring
  • Property is near bus stop
  • Marquette Elementary Rated A-
  • Eat-In Kitchen
  • Outdoor Storage

About This Home

As of April 2024

Sold via 1 party listing. A rare opportunity to purchase two adjacent 4-unit apartment buildings in Madison’s trendy Marquette neighborhood. Just blocks from Lake Mendota & the Yahara River, both buildings are fully rented & stabilized. Consisting of eight identical 2 BR 1 Bath units, each with 1 onsite parking space, hardwood floors, large living rooms, full kitchens, tons of windows & private storage in basement. Tenants pay heat & electric & $15/mo for water. Properties have been fully rented & well maintained during their 20+ years of ownership. New roofs 2021. Only showing limited number of units during showing times, all units will be available upon accepted offer. MLS rents include water & pet fee. Showings Tuesday & Wednesday 12-2pm Appointment required!

Last Agent to Sell the Property

Art Luetke

Luetke Investment Real Estate License #25925-90 Listed on: 06/09/2023

Co-Listed By

Joshua Pelletter

Rockwood Realty Group License #55759-90

Last Buyer's Agent

Holly Nehls

Century 21 Affiliated License #86062-94

Century 21 Affiliated

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,834

Year Built

  • Built in 1922

Lot Details

  • 8,712

Parking

  • 8 Open Parking Spaces

Home Design

  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Family Room
  • Wood Flooring

Kitchen

  • Eat-In Kitchen
  • Oven or Range

Basement

  • Basement Fills Entire Space Under The House
  • Shared Basement

Schools

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

Utilities

  • Forced Air Heating System
  • Separate Meters
  • Individual Controls for Heating
  • Water Softener is Owned
  • High Speed Internet

Additional Features

  • Outdoor Storage
  • 8,712 Sq Ft Lot
  • Property is near bus stop

Community Details

  • 8 Units
  • Laundry Facilities

Listing and Financial Details

  • Assessor Parcel Number 0710-072-1621-3

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,834

Year Built

Built in 1922

Lot Details

8,712 Sq Ft Lot

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: tenants personal property
  • Items Included: All refrigerators, range/ovens, water softeners
  • Miscellaneous: Shared laundry, Close to bus line, Water Softener Owned, Internet - Cable
  • Year Built: 1922
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Exterior: Wood

Garage/Parking

  • Heating Fuel: Natural Gas
  • Heating Type: Forced air
  • Parking Stalls Outside: 8

Utilities

  • Water Waste: Municipal water, Municipal sewer
  • Park Unit: 1 space
  • Utilities: Separate elec meters, Separate gas meters

Schools

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

Lot Info

  • Estimated Aces: 0.2
  • Zoning: HIS-TL

Rental Info

  • Total Income: 109800

Tax Info

  • Net Taxes: 20834
  • Tax Year: 2022
  • Assessor Parcel Number: 0710-072-1621-3

Multi Family

  • Number Of2 Bedrooms: 2
  • Number Of Units: 8
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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
04/02/2024 04/02/24 Sold $1,400,000 0.0% $479 / Sq Ft
09/16/2023 09/16/23 Off Market $1,400,000 -- --
09/16/2023 09/16/23 Pending -- -- --
07/06/2023 07/06/23 For Sale $1,625,000 0.0% $556 / Sq Ft
06/28/2023 06/28/23 Pending -- -- --
06/09/2023 06/09/23 For Sale $1,625,000 -- $556 / Sq Ft
Source: South Central Wisconsin Multiple Listing Service

Agents Affiliated with this Home

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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1957534

South Central Wisconsin Multiple Listing Service
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