Landon Mrowiec
RE/MAX Preferred
(608) 716-2345
30 Total Sales
1 in Downtown Madison
$250,000 Price
509 E Gorham St Madison, WI 53703
Downtown Madison NeighborhoodEstimated Value: $638,689
4
Beds
2
Baths
3,431
Sq Ft
$186/Sq Ft
Est. Value
Highlights
- 0.65 Acre Lot
- Forced Air Heating System
- 1-minute walk to James Madison Park
- Marquette Elementary Rated A-
About This Home
As of October 2024Once in a generation opportunity to secure 7 adjacent buildings on the Isthmus!!! 7 properties, 15 units & a total of 36 bedrooms. These properties are all fully leased through 8/14/2025 and are professionally managed by Birwood Property Management. Two properties overlook James Madison Park & Lake Mendota. All 7 properties are contiguous, allowing for ultimate flexibility on parking and efficient maintenance, lawn and snow care. These are being offered as a package, so please be prepared to submit an offer on all 7 properties prior to scheduling any showings. Market rents should be an average of ~$850-900/bedroom + parking + utility income + laundry.
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $51,458
Year Built
- Built in 1890
Lot Details
- 0.65
Parking
- 8 Open Parking Spaces
- 2 Covered Spaces
Schools
- Lapham/Marquette Elementary School
- Okeeffe Middle School
- East High School
Additional Features
- Basement Fills Entire Space Under The House
- 28,183 Sq Ft Lot
- Forced Air Heating System
Community Details
- 15 Units
Listing and Financial Details
- Assessor Parcel Number 070913313048
Ownership 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
Name
Owned For
Owner Type
Purchase Details
Closed on
Feb 27, 2026
Sold by
Bought by
Current Estimated Value
Purchase Details
Listed on
Aug 27, 2024
Closed on
Oct 21, 2024
Sold by
Bought by
Seller's Agent
The Hub Team
The Hub Realty
Buyer's Agent
The Hub Team
The Hub Realty
List Price
$3,400,000
Sold Price
$3,400,000
Views
57
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-60.91%
Purchase Details
Closed on
Sep 30, 2008
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Downtown Madison, WI
-
Landon Mrowiec
-
Devery Cash
Devery Cash
Keller Williams Realty
(608) 292-3846
82 Total Sales
3 in Downtown Madison
$440K - $850K Price Range
-
Anne Baranski
Anne Baranski
Y Realty
(608) 292-5272
95 Total Sales
1 in Downtown Madison
$218,000 Price
-
Tami McFarlane
Tami McFarlane
Restaino & Associates
(608) 292-2349
76 Total Sales
3 in Downtown Madison
$260K - $337K Price Range
-
Tim Norland
Tim Norland
Century 21 Affiliated
(608) 292-6742
119 Total Sales
1 in Downtown Madison
$466,000 Price
-
Areal Guenther
Areal Guenther
Realty Executives Cooper Spransy
(608) 292-6261
97 Total Sales
1 in Downtown Madison
$740,000 Price
Purchase 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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $3,400,000 | Knight Barry Title | ||
| $3,400,000 | First American Title | ||
| -- | None Available |
Source: Public Records
Mortgage 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 | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $114,800 |
Source: Public Records
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 |
|---|---|---|---|---|
| 10/21/2024 10/21/24 | Sold | $3,400,000 | 0.0% | $991 / Sq Ft |
| 09/06/2024 09/06/24 | Pending | -- | -- | -- |
| 08/27/2024 08/27/24 | For Sale | $3,400,000 | -- | $991 / Sq Ft |
Source: South Central Wisconsin Multiple Listing Service
Tax 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.
| 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 |
|---|---|---|---|---|
| 2025 | $7,879 | $427,200 | $109,900 | $317,300 |
| 2024 | $13,585 | $388,400 | $109,900 | $278,500 |
| 2023 | $6,485 | $359,600 | $109,900 | $249,700 |
| 2022 | $13,273 | $339,200 | $109,900 | $229,300 |
| 2021 | $6,545 | $308,400 | $109,900 | $198,500 |
| 2020 | $6,648 | $299,400 | $106,700 | $192,700 |
| 2019 | $6,675 | $299,400 | $92,000 | $207,400 |
| 2018 | $5,541 | $249,500 | $76,700 | $172,800 |
| 2017 | $5,742 | $249,500 | $76,700 | $172,800 |
| 2016 | $5,357 | $226,800 | $69,700 | $157,100 |
| 2015 | $5,413 | $226,800 | $69,700 | $157,100 |
| 2014 | $5,417 | $226,800 | $69,700 | $157,100 |
| 2013 | $4,854 | $214,000 | $65,800 | $148,200 |
Source: Public Records
Agents Affiliated with this Home
-
The Hub Team
T
Seller's Agent in 2024
The Hub Team
The Hub Realty
(608) 556-4400
23 in this area
307 Total Sales
Map
Source: South Central Wisconsin Multiple Listing Service
MLS Number: 1984626
APN: 0709-133-1304-8
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.
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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