$850,000
$50K PRICE DROP

508 W Mifflin St Madison, WI 53703

Downtown Madison Neighborhood

Estimated payment $5,221/month

Total Views 24,536
-- Bed
-- Bath
2,316 Sq Ft
$367 Price per Sq Ft

Highlights

  • Wood Flooring
  • Hamilton Middle School Rated A
  • Forced Air Heating and Cooling System

About This Home

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 water utilities. The home features original wood floors and trim, and a new roof in 2022. Rented through 8/14/27. Driveway easement agreement on file.

Listing Agent

Caleb Payne

Madcityhomes.Com Brokerage Email: caleb@madcityhomes.com License #93139-94 Listed on: 03/11/2026

Co-Listing Agent

Stuart Meland

Madcityhomes.Com Brokerage Email: caleb@madcityhomes.com License #51242-90

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,935

Year Built

  • Built in 1905

Parking

  • 2 Open Parking Spaces

Home Design

  • Duplex
  • Vinyl Siding

Kitchen

  • Oven or Range
  • Dishwasher

Schools

  • Franklin/Randall Elementary School
  • Hamilton Middle School
  • West High School

Additional Features

  • Wood Flooring
  • Basement Fills Entire Space Under The House
  • 3,049 Sq Ft Lot
  • Forced Air Heating and Cooling System

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 0709-231-2441-9

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,935

Year Built

Built in 1905

Lot Details

3,049 Sq Ft Lot

Listing Details

  • Municipality: Madison
  • Status Detail: Active
  • Mailing City: Madison
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: 2 flat-up and down
  • Items Excluded: window A/C units
  • Items Included: 2 refrigerators, 2 ranges, 2 dishwashers, washer & dryer
  • Year Built: 1905
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Number Dish Washers: 2
  • Number Dryers: 1
  • Number Units W Ac: 2
  • Number Washers: 1

Exterior Features

  • Exterior: Vinyl

Garage/Parking

  • Heating Fuel: Natural Gas
  • Heating Type: Forced air
  • Parking Stalls Outside: 2

Utilities

  • Water Waste: Municipal water, Municipal sewer
  • Park Unit: 1 space

Schools

  • Elementary School: Franklin/Randall
  • High School: West
  • Middle School: Hamilton
  • School District: Madison

Lot Info

  • Estimated Aces: 0.07
  • Zoning: Res
  • Geo Subdivision: WI

Rental Info

  • Total Income: 58560

Tax Info

  • Net Taxes: 8935
  • Tax Year: 2024
  • Assessor Parcel Number: 0709-231-2441-9

Multi Family

  • Number Of3 Bedrooms: 2
  • Number Of Units: 2

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
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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
03/27/2026 03/27/26 Price Changed $850,000 -5.6% $367 / Sq Ft
03/11/2026 03/11/26 For Sale $900,000 -- $389 / Sq Ft
Source: South Central Wisconsin Multiple Listing Service

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Quit Claim Deed -- None Available
Source: Public Records

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 2018184

South Central Wisconsin Multiple Listing Service

APN: 0709-231-2441-9

Wisconsin Dane County Madison 53703 Downtown Madison

508 W Mifflin St, Madison, WI

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

South Central Wisconsin Multiple Listing Service IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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Caleb Payne
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Caleb Payne
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(608) 967-6538
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