$1,260,000
SOLD APR 7, 2025
-- Bed
-- Bath
4,800 Sq Ft
8,712 Sq Ft Lot

Recently Sold

$262 Per Sq Ft

3% Below List Price

5 Days on Market

Highlights

  • 0.2 Acre Lot
  • Central Air
  • Laundry Facilities
  • Property is near bus stop
  • Water Softener is Owned
  • 1-minute walk to Reynolds Park

About This Home

As of April 2025

Showings begin 3/14. Rare investment opportunity: a uniquely charming 5-Unit apartment in the heart of Madison's isthmus. 5 covered parking spots with 5 additional outdoor spots is great for tenants that commute. Spacious 2-bed units with hardwood floors, ample storage, and natural light. Steps away from Breese Stevens Field, James Madison Park, Festival Foods, the Capitol Square, as well as the many restaurants, coffee shops, and other attractions downtown Madison has to offer. Unit 1 features recent bathroom renovation. Many reliable long-term tenants. Basement has private storage units and coin-op laundry. The rent/income potential of this area continues to grow every year. Showings are only during open house times on Fri/Sat 3/14 & 3/15 from 11-1.

Last Agent to Sell the Property

Joffre Pedretti

Keller Williams Realty Brokerage Phone: 608-698-8503 License #84142-94 Listed on: 02/26/2025

Keller Williams Realty

Last Buyer's Agent

James Stopple

Madison Property Management, Inc. License #12003-90

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,540

Year Built

  • Built in 1958

Parking

  • Carport

Home Design

  • Brick Exterior Construction
  • Stone Exterior Construction

Kitchen

  • Oven or Range
  • Dishwasher

Partially Finished Basement

  • Basement Fills Entire Space Under The House
  • Basement Windows

Schools

  • Lapham/Marquette Elementary School
  • Okeeffe Middle School
  • East High School

Utilities

  • Central Air
  • Radiant Heating System
  • Water Softener is Owned
  • High Speed Internet

Additional Features

  • Washer and Dryer
  • 8,712 Sq Ft Lot
  • Property is near bus stop

Community Details

  • 5 Units
  • Laundry Facilities
  • Net Operating Income $59,883

Listing and Financial Details

  • Assessor Parcel Number 0709-132-0506-3

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,540

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Municipality: Madison
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: Apartment building
  • Items Excluded: Sellers and tenant's personal property
  • Items Included: 5x Range/Oven, 5x Refrigerator, 5x Dishwasher, All window blinds, 2x Washer, 2x Dryer, 5x Wall air conditioner, Water softener
  • Miscellaneous: Shared laundry, Close to bus line, Water Softener Owned, Internet - Cable
  • Year Built: 1958
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Full size windows/Exposed, Partially finished
  • Number Dish Washers: 5
  • Number Dryers: 2
  • Number Units W Ac: 5
  • Number Washers: 2
  • Number Water Softeners: 1

Exterior Features

  • Exterior: Brick, Stone

Garage/Parking

  • Heating Fuel: Natural Gas
  • Heating Type: Radiant
  • Parking Stalls Inside: 5
  • Parking Stalls Outside: 5

Utilities

  • Water Waste: Municipal water, Municipal sewer
  • Park Unit: 1 stall garage, Carport

Fee Information

  • Total Expenses: 36739

Schools

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

Lot Info

  • Estimated Aces: 0.2
  • Zoning: WP-24,TRV1
  • Geo Subdivision: WI

Rental Info

  • Total Income: 96622

Tax Info

  • Net Taxes: 20540
  • Tax Year: 2024
  • Assessor Parcel Number: 0709-132-0506-3

Multi Family

  • Number Of2 Bedrooms: 5
  • Number Of Units: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 26, 2025
Closed on
Apr 7, 2025
Sold by
Christensen Company Llc
Bought by
Oak 2007 Llc
Seller's Agent
Joffre Pedretti
Keller Williams Realty
Buyer's Agent
James Stopple
Madison Property Management, Inc.
List Price
$1,300,000
Sold Price
$1,260,000
Premium/Discount to List
-$40,000
-3.08%
Views
31
Current Estimated Value
$1,305,806

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$45,806
Avg. Annual Appreciation
4.51%

Purchase Details

Listed on
May 13, 2021
Closed on
Jul 23, 2021
Sold by
Kuenzi Scott A and Kuenzi Cynthia M
Bought by
Christensen Co Llc
Seller's Agent
Sheri White
EXP Realty, LLC
Buyer's Agent
Joffre Pedretti
Keller Williams Realty
List Price
$1,100,000
Sold Price
$1,110,000
Premium/Discount to List
$10,000
0.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.48%
Original Mortgage
$2,187,916
Interest Rate
2.96%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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 $1,260,000 None Listed On Document
Warranty Deed $1,110,000 Nations Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $2,187,916 Commercial
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/07/2025 04/07/25 Sold $1,260,000 -3.1% $263 / Sq Ft
03/12/2025 03/12/25 For Sale $1,300,000 +3.2% $271 / Sq Ft
02/26/2025 02/26/25 Off Market $1,260,000 -- --
07/23/2021 07/23/21 Sold $1,110,000 +0.9% $231 / Sq Ft View Prior Sale
05/25/2021 05/25/21 Pending -- -- --
05/13/2021 05/13/21 For Sale $1,100,000 -- $229 / 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
2024 $41,081 $1,165,000 $124,000 $1,041,000
2023 $20,201 $1,110,000 $113,000 $997,000
2022 $43,821 $1,110,000 $103,000 $1,007,000
2021 $17,005 $795,000 $94,000 $701,000
2020 $16,432 $723,700 $94,000 $629,700
2019 $15,737 $689,700 $94,000 $595,700
2018 $14,977 $656,700 $94,000 $562,700
2017 $15,514 $656,700 $94,000 $562,700
2016 $15,199 $625,700 $85,000 $540,700
2015 $14,346 $567,700 $85,000 $482,700
2014 $13,676 $567,700 $85,000 $482,700
2013 $12,610 $550,700 $85,000 $465,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1994074

South Central Wisconsin Multiple Listing Service

APN: 0709-132-0506-3