$909,000
SOLD AUG 22, 2025

554 W Mifflin St Madison, WI 53703

Downtown Madison Neighborhood
-- Bed
-- Bath
2,580 Sq Ft
2,178 Sq Ft Lot

Recently Sold

$352 Per Sq Ft

2% Above List Price

4 Days on Market

Highlights

  • Wood Flooring
  • Eat-In Kitchen
  • Family Room
  • Hamilton Middle School Rated A
  • Forced Air Heating System

About This Home

As of August 2025

Fully rented 3 flat on West Mifflin Street! This 3 unit investment property is in a prime downtown location with walking access to campus and all that downtown Madison has to offer. Each flat has 3 bedrooms, wood floors and tidy renters that pay their own electricity bills. Add this solid earning property to your investment portfolio! Gross rents include contracted laundry charges.

Last Agent to Sell the Property

Caleb Payne

Madcityhomes.Com Brokerage Email: caleb@madcityhomes.com License #93139-94 Listed on: 07/02/2025

Co-Listed By

Stuart Meland

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

Last Buyer's Agent

Seller Sold Listing

Seller Sold Listings

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,356

Year Built

  • Built in 1904

Lot Details

  • 2,178 Sq Ft Lot

Home Design

  • Vinyl Siding

Interior Spaces

  • 3-Story Property
  • Family Room
  • Wood Flooring
  • Partial Basement

Kitchen

  • Eat-In Kitchen
  • Oven or Range

Schools

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

Utilities

  • Forced Air Heating System
  • Separate Meters

Community Details

  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 0709-231-2426-1

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,356

Year Built

Built in 1904

Lot Details

2,178 Sq Ft Lot

Listing Details

  • Municipality: Madison
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: 3 story
  • Items Included: 3 refrigerators, 3 ranges, washer, dryer
  • Year Built: 1904
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Partial
  • Number Dryers: 1
  • Number Washers: 1

Exterior Features

  • Exterior: Vinyl

Garage/Parking

  • Heating Fuel: Natural Gas
  • Heating Type: Forced air

Utilities

  • Water Waste: Municipal water, Municipal sewer
  • Utilities: Separate elec meters

Schools

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

Lot Info

  • Estimated Aces: 0.05
  • Zoning: DR2
  • Geo Subdivision: WI

Rental Info

  • Total Income: 66084

Tax Info

  • Net Taxes: 10356
  • Tax Year: 2023
  • Assessor Parcel Number: 0709-231-2426-1

Multi Family

  • Number Of3 Bedrooms: 3
  • Number Of Units: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 2, 2025
Closed on
Aug 22, 2025
Sold by
Suddeth Investments-5 Llc
Bought by
Aj Mifflin Llc
Seller's Agent
Caleb Payne
Madcityhomes.Com
Buyer's Agent
Seller Sold Listing
Seller Sold Listings
List Price
$895,000
Sold Price
$909,000
Premium/Discount to List
$14,000
1.56%
Views
11
Current Estimated Value
$886,077

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$22,923
Avg. Annual Appreciation
-4.38%
Original Mortgage
$591,000
Outstanding Balance
$590,491
Interest Rate
6.75%
Mortgage Type
New Conventional
Estimated Equity
$295,586
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $909,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $591,000 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/22/2025 08/22/25 Sold $909,000 +1.6% $352 / Sq Ft
07/06/2025 07/06/25 Pending -- -- --
07/02/2025 07/02/25 For Sale $895,000 -- $347 / Sq Ft
Source: South Central Wisconsin Multiple Listing Service

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
2025 $12,341 $666,400 $84,800 $581,600
2024 $21,480 $611,400 $84,800 $526,600
2023 $10,356 $571,400 $84,800 $486,600
2022 $21,398 $544,200 $80,800 $463,400
2021 $11,057 $518,300 $80,800 $437,500
2020 $10,047 $450,700 $78,400 $372,300
2019 $9,602 $429,200 $59,800 $369,400
2018 $9,588 $429,200 $59,800 $369,400
2017 $9,934 $429,200 $59,800 $369,400
2016 $9,720 $408,800 $54,400 $354,400
2015 $9,348 $370,800 $54,400 $316,400
2014 $8,905 $370,800 $54,400 $316,400
2013 $8,217 $360,000 $51,300 $308,700
Source: Public Records

Agents Affiliated with this Home

  • Caleb Payne

    Seller's Agent in 2025

    Caleb Payne

    Madcityhomes.Com

    (608) 556-0033

    9 in this area

    220 Total Sales

    Caleb Payne
    Section Image
  • Stuart Meland

    Seller Co-Listing Agent in 2025

    Stuart Meland

    Madcityhomes.Com

    (608) 438-3150

    11 in this area

    542 Total Sales

    Stuart Meland
    Section Image

  • S

    Buyer's Agent in 2025

    Seller Sold Listing

    Seller Sold Listings

See All Agents

Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 2003523

South Central Wisconsin Multiple Listing Service

APN: 0709-231-2426-1

Wisconsin Dane County Madison 53703 Downtown Madison

554 W Mifflin St, Madison, WI

Sold

MultiFamily

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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