NOT LISTED FOR SALE

902 E Gorham St Madison, WI 53703

Tenney-Lapham Neighborhood

Estimated Value: $398,075 - $441,000

3 Beds
2 Baths
2,000 Sq Ft
$211/Sq Ft Est. Value

Sale Details

Date Sold: June 12, 2025

Last sale price $420,000 $210 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $2,942 / mo

1 Day on Market

Highlights

  • Wood Flooring
  • Property is near bus stop
  • Laundry Facilities
  • Eat-In Kitchen
  • Water Softener is Owned
  • 3-minute walk to Giddings Park

About This Home

As of June 2025

Downtown 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

Joshua Pelletter

Rockwood Realty Group License #55759-90 Listed on: 05/13/2025

Last Buyer's Agent

Jennifer Geils

Stark Company, REALTORS License #94521-94

Stark Company, REALTORS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,693

Year Built

  • Built in 1914

Lot Details

  • 3,485

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 bus stop

Community Details

  • 2 Units
  • Laundry Facilities

Listing and Financial Details

  • Assessor Parcel Number 0709-132-0310-8

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,693

Year Built

Built in 1914

Lot Details

3,485 Sq Ft Lot

Listing Details

  • Municipality: Madison
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: 2 story, 2 flat-up and down
  • Miscellaneous: Shared laundry, Close to bus line, Water Softener Owned, Internet - Cable
  • Year Built: 1914
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Number Dryers: 1
  • Number Washers: 1
  • Number Water Softeners: 1

Exterior Features

  • Exterior: Wood

Garage/Parking

  • Heating Fuel: Natural Gas
  • Heating Type: Radiant
  • Parking Stalls Outside: 3

Utilities

  • Water Waste: Municipal water, Municipal sewer
  • Park Unit: 2 spaces, Outside

Schools

  • Elementary School: Lapham/Marquette
  • High School: East
  • Middle School: OKeeffe
  • School District: Madison

Lot Info

  • Estimated Aces: 0.08
  • Zoning: TR-C4

Rental Info

  • Total Income: 30900

Tax Info

  • Net Taxes: 6693
  • Tax Year: 2023
  • Assessor Parcel Number: 0709-132-0310-8

Multi Family

  • Number Of1 Bedrooms: 1
  • Number Of2 Bedrooms: 1
  • Number Of Units: 2

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

Listed on
May 13, 2025
Closed on
Jun 12, 2025
Sold by
Bought by
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
$422,269

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,269
Avg. Annual Appreciation
0.54%
Original Mortgage
$378,000
Outstanding Balance
$377,020
Interest Rate
6.76%
Mortgage Type
New Conventional
Estimated Equity
$45,249

Purchase Details

Listed on
Oct 27, 2017
Closed on
Dec 15, 2017
Sold by
Bought by
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
Bought by
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

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
$420,000 None Listed On Document
$255,000 --
-- 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
Open $378,000
Previous Owner $153,000
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 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

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 $7,981 $432,700 $89,200 $343,500
2024 $13,889 $397,000 $89,200 $307,800
2023 $6,693 $371,000 $89,200 $281,800
2022 $13,444 $343,500 $82,600 $260,900
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

    Seller's Agent in 2025

    Joshua Pelletter

    Rockwood Realty Group

    (608) 239-3820

    1 in this area

    115 Total Sales

    Joshua Pelletter
    Section Image
  • Jennifer Geils

    Buyer's Agent in 2025

    Jennifer Geils

    Stark Company, REALTORS

    (914) 661-1291

    2 in this area

    46 Total Sales

    Jennifer Geils
    Section Image

  • P

    Seller's Agent in 2017

    Peter Korotev

    South Central Non-Member

    Section Image
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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1999651

South Central Wisconsin Multiple Listing Service

APN: 0709-132-0310-8

Wisconsin Dane County Madison 53703 Tenney-Lapham

902 E Gorham St, Madison, WI

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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