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

Sale Details

Date Sold: April 2, 2024

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

99 Days on Market

Highlights

  • 0.2 Acre Lot
  • Eat-In Kitchen
  • Outdoor Storage
  • Wood Flooring
  • Property is near bus stop
  • Water Softener is Owned

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
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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

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

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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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