510 S Park St Madison, WI 53715
Greenbush NeighborhoodEstimated payment $7,894/month
About This Home
Rare opportunity to own 2 buildings, 2 commercial spaces, 4 apartments, oversized two car garage with ample parking on the booming S Park St corridor! This property is adjacent to Vilas/Greenbush neighborhood and walkable to everything downtown! The commercial tenants include Cordial Bar, where the motto is, "Outside's a Dive, Inside's a Vibe". They have been in business for 4 years and have an initial 10 year lease term. The adjacent commercial tenant has been there for years, as a well established business, Spike-O-Matic Tattoo. There are 2 large apartments above the commercial spaces. There is an additional 2 flat included, just North of the primary building. With well established commercial tenants, renovated apartments and an outstanding location, the options are endless!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $14,043
Year Built
- Built in 1922
Lot Details
- 7,362 Sq Ft Lot
Home Design
- Duplex
- Brick Exterior Construction
Interior Spaces
- 2-Story Property
- Basement Fills Entire Space Under The House
Parking
- 7 Open Parking Spaces
- 2 Covered Spaces
- On-Street Parking
- Outside Parking
Schools
- Franklin/Randall Elementary School
- Hamilton Middle School
- West High School
Utilities
- Radiant Heating System
- Separate Meters
Community Details
- 6 Units
Listing and Financial Details
- Assessor Parcel Number 070923315216
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| 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 |
|---|---|---|---|---|
| 2024 | $28,087 | $798,000 | $85,000 | $713,000 |
| 2023 | $13,663 | $725,000 | $85,000 | $640,000 |
| 2021 | $15,178 | $710,000 | $85,000 | $625,000 |
| 2020 | $15,087 | $675,000 | $83,000 | $592,000 |
| 2019 | $14,420 | $642,800 | $83,000 | $559,800 |
| 2018 | $13,700 | $611,800 | $83,000 | $528,800 |
| 2017 | $13,517 | $582,800 | $83,000 | $499,800 |
| 2016 | $12,620 | $529,800 | $75,000 | $454,800 |
| 2015 | $12,750 | $504,800 | $75,000 | $429,800 |
| 2014 | $12,152 | $504,800 | $75,000 | $429,800 |
| 2013 | $10,493 | $504,800 | $75,000 | $429,800 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/08/2025 07/08/25 | For Sale | $1,234,000 | -- | $288 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $725,000 | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $507,500 | Commercial | |
| Previous Owner | $10,000 | Unknown |
Source: South Central Wisconsin Multiple Listing Service
MLS Number: 2004079
APN: 0709-233-1521-6
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