Seller's Agent in 2025
Joshua Pelletter
Rockwood Realty Group
(608) 239-3820
1 in this area
108 Total Sales
902 E Gorham St Madison, WI 53703
Tenney-Lapham Neighborhood
--
Bed
--
Bath
2,000
Sq Ft
3,485
Sq Ft Lot
Highlights
- Wood Flooring
- Property is near a bus stop
- Laundry Facilities
- Eat-In Kitchen
- Water Softener is Owned
- 3-minute walk to Giddings Park
About This Home
As of June 2025Downtown Madison 2-unit investment opportunity! Main level: 1BR/1Bth, spacious kitchen & large living room. 2nd floor: 2BR/1Bth, newly remodeled bathroom, generous living room, eat-in kitchen. Shared laundry in basement, 3 parking spots in rear - not common in this area! Directly on bus route w/ shelter, perfect for public transit users. Rents include all utilities, significantly below market - serious upside to increase rents or bill back utilities. Exterior needs some TLC, but prime location & parking have always ensured quick rentals. Huge unfinished walk-up attic offers expansion potential. Ideal for investors to grow portfolio, start in downtown Madison, or owner-occupy one unit & rent the other.
Last Agent to Sell the Property
Rockwood Realty Group License #55759-90 Listed on: 05/13/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,693
Year Built
- Built in 1914
Home Design
- Duplex
- Wood Siding
Interior Spaces
- 2-Story Property
- Wood Flooring
Kitchen
- Eat-In Kitchen
- Oven or Range
Basement
- Basement Fills Entire Space Under The House
- Shared Basement
Parking
- 3 Open Parking Spaces
- Outside Parking
Schools
- Lapham/Marquette Elementary School
- Okeeffe Middle School
- East High School
Utilities
- Radiant Heating System
- Individual Controls for Heating
- Water Softener is Owned
- High Speed Internet
Additional Features
- 3,485 Sq Ft Lot
- Property is near a bus stop
Community Details
- 2 Units
- Laundry Facilities
Listing and Financial Details
- Assessor Parcel Number 0709-132-0310-8
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 13, 2025
Closed on
Jun 12, 2025
Sold by
Pinzke Nicholas L
Bought by
Alegria Luis German Perez and Arias Maria Aleida
Seller's Agent
Joshua Pelletter
Rockwood Realty Group
Buyer's Agent
Jennifer Geils
Stark Company, REALTORS
List Price
$439,900
Sold Price
$420,000
Premium/Discount to List
-$19,900
-4.52%
Views
27
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$34,936
Avg. Annual Appreciation
16.61%
Original Mortgage
$378,000
Outstanding Balance
$377,020
Interest Rate
6.76%
Mortgage Type
New Conventional
Estimated Equity
$77,916
Purchase Details
Listed on
Oct 27, 2017
Closed on
Dec 15, 2017
Sold by
Chase Allen H and Johnson Bank
Bought by
Pinzke Nicholas
Seller's Agent
Peter Korotev
South Central Non-Member
Buyer's Agent
Joshua Pelletter
Rockwood Realty Group
List Price
$252,000
Sold Price
$255,000
Premium/Discount to List
$3,000
1.19%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.88%
Original Mortgage
$153,000
Interest Rate
3.94%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 25, 1993
Sold by
Chase Allen H
Bought by
Chase Allen H and Chase Revocable Trsut
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $420,000 | None Listed On Document | |
| Deed | $255,000 | -- | |
| Quit Claim Deed | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $378,000 | New Conventional | |
| Previous Owner | $153,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 06/12/2025 06/12/25 | Sold | $420,000 | -4.5% | $210 / Sq Ft | |
| 05/13/2025 05/13/25 | For Sale | $439,900 | +72.5% | $220 / Sq Ft | |
| 12/15/2017 12/15/17 | Sold | $255,000 | +1.2% | $128 / Sq Ft | View Prior Sale |
| 11/03/2017 11/03/17 | Pending | -- | -- | -- | |
| 10/27/2017 10/27/17 | For Sale | $252,000 | -- | $126 / Sq Ft |
Source: South Central Wisconsin Multiple Listing Service
Tax History Compared to Growth
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 | $13,889 | $397,000 | $89,200 | $307,800 |
| 2023 | $6,693 | $371,000 | $89,200 | $281,800 |
| 2021 | $6,628 | $312,300 | $82,600 | $229,700 |
| 2020 | $6,419 | $289,200 | $77,200 | $212,000 |
| 2019 | $5,962 | $267,800 | $70,200 | $197,600 |
| 2018 | $5,665 | $255,000 | $67,500 | $187,500 |
| 2017 | $5,417 | $235,600 | $67,500 | $168,100 |
| 2016 | $5,055 | $214,200 | $62,500 | $151,700 |
| 2015 | $4,815 | $202,100 | $53,600 | $148,500 |
| 2014 | $4,818 | $202,100 | $53,600 | $148,500 |
| 2013 | $4,400 | $194,300 | $51,500 | $142,800 |
Source: Public Records
Agents Affiliated with this Home
-
Joshua Pelletter
-
Jennifer Geils
Buyer's Agent in 2025
Jennifer Geils
Stark Company, REALTORS
(914) 661-1291
2 in this area
41 Total Sales
-
P
Seller's Agent in 2017
Peter Korotev
South Central Non-Member
Map
Source: South Central Wisconsin Multiple Listing Service
MLS Number: 1999651
APN: 0709-132-0310-8
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