836 E Gorham St Unit 1 Madison, WI 53703
Tenney-Lapham NeighborhoodHighlights
- Wood Flooring
- Property is near a bus stop
- Family Room
- Balcony
- Water Softener is Owned
- 4-minute walk to Reynolds Park
About This Home
As of November 20242-unit apartment building leased thru August 14, 2025!! Investment opportunity on the near east side of Madison. Always rented due to location. Main level apartment has a private entrance, in-unit laundry, and off-street parking! The other apartment is a large 4-bedroom that spans both the 2nd and 3rd floors. Very popular floorplan. 2 of the 3 floors have hardwood flooring. Entire roof was replaced 1 year ago! Building was sprinklered to comply with city of Madison code to authorize 3rd floor use. Total gross annual income is $43,200. Priced at a 11 GIM and BELOW the assessed value! Check public documents for a whole bunch of additional information like income and expenses, building floorplan, and a full updates and features list with dates of replacements for capital improvements.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,245
Year Built
- Built in 1899
Home Design
- Duplex
- Brick Exterior Construction
- Stone Exterior Construction
Interior Spaces
- Family Room
- Wood Flooring
- Basement Fills Entire Space Under The House
- Fire Sprinkler System
Kitchen
- Oven or Range
- Dishwasher
Laundry
- Laundry in unit
- Washer and Dryer
Parking
- 6 Open Parking Spaces
- Outside Parking
Schools
- Lapham/Marquette Elementary School
- Okeeffe Middle School
- East High School
Utilities
- Radiant Heating System
- Separate Meters
- Water Softener is Owned
- High Speed Internet
Additional Features
- Balcony
- 2,962 Sq Ft Lot
- Property is near a bus stop
Community Details
- 2 Units
- Prospect Place Subdivision
Listing and Financial Details
- Assessor Parcel Number 0709-132-0713-4
- $9,184 Seller Concession
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/26/2024 11/26/24 | Sold | $459,185 | -3.3% | $199 / Sq Ft |
| 10/30/2024 10/30/24 | Pending | -- | -- | -- |
| 09/05/2024 09/05/24 | Price Changed | $474,900 | -5.0% | $206 / Sq Ft |
| 07/24/2024 07/24/24 | For Sale | $499,900 | +104.0% | $217 / Sq Ft |
| 04/03/2015 04/03/15 | Sold | $245,000 | -12.5% | $107 / Sq Ft |
| 02/19/2015 02/19/15 | Pending | -- | -- | -- |
| 07/31/2014 07/31/14 | For Sale | $280,000 | -- | $122 / Sq Ft |
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 | $17,104 | $487,800 | $109,800 | $378,000 |
| 2023 | $8,245 | $455,900 | $109,800 | $346,100 |
| 2021 | $8,163 | $383,700 | $101,700 | $282,000 |
| 2020 | $7,904 | $355,300 | $91,600 | $263,700 |
| 2019 | $7,342 | $329,000 | $84,800 | $244,200 |
| 2018 | $5,913 | $266,000 | $81,500 | $184,500 |
| 2017 | $6,127 | $266,000 | $76,200 | $189,800 |
| 2016 | $5,793 | $245,000 | $76,200 | $168,800 |
| 2015 | $4,924 | $206,600 | $63,600 | $143,000 |
| 2014 | $4,928 | $206,600 | $63,600 | $143,000 |
| 2013 | $4,700 | $198,700 | $61,200 | $137,500 |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $344,185 | New Conventional | |
| Closed | $344,185 | New Conventional | |
| Previous Owner | $250,000 | Commercial | |
| Previous Owner | $196,000 | Purchase Money Mortgage | |
| Previous Owner | $165,690 | FHA | |
| Previous Owner | $159,200 | Adjustable Rate Mortgage/ARM |
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $459,200 | None Listed On Document | |
| Warranty Deed | $459,200 | None Listed On Document | |
| Warranty Deed | $245,000 | None Available | |
| Warranty Deed | $170,000 | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Warranty Deed | $199,000 | None Available |
Source: South Central Wisconsin Multiple Listing Service
MLS Number: 1982216
APN: 0709-132-0713-4
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