820-828 E Dayton Street, Madison, WI 53703
820-828 E Dayton Street, Madison, WI 53703
820-828 E Dayton Street, Madison, WI 53703
820-828 E Dayton Street, Madison, WI 53703
820-828 E Dayton Street, Madison, WI 53703
820-828 E Dayton Street, Madison, WI 53703
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
Listed by Conrad Development LLC • info@conraddevelopment.com
$ 2,100,000
Est. payment | /mo

7 Beds

4 Baths

3,007 SqFt


Save
$ 2,100,000
Est. payment | /mo
Save

7 Beds

4 Baths

3,007 SqFt

Key Details

Property Type Multi-Family

Sub Type Apartment building,2 flat-up and down

Listing Status Active

Purchase Type For Sale

Square Footage 3,007 sqft

Price per Sqft $698

MLS Listing ID 2019012

Bedrooms 7

Full Baths 4

Year Built 1897

Annual Tax Amount $35,550

Tax Year 2025

Lot Size 0.450 Acres

Acres 0.45

Property Sub-Type Apartment building,2 flat-up and down

Property Description

Rare 4-parcel, 7-unit portfolio in Madison's core Isthmus - the city's most walkable, in-demand location. Combines true neighborhood feel w/immediate access to downtown, restaurants, grocery, entertainment, parks, major employers & the Capitol 8 blocks away. Includes 820, 822, 824 & 828 E Dayton St. Compelling opportunity for investors seeking current income+upside, multifamily developers pursuing scarce assemblage scale, & smaller owners wanting control of a rarely available Isthmus footprint. Opportunities to acquire this kind of assembly in this location are few & far between, which is exactly why the value proposition is so compelling. Pricing is competitive, current rents offer upside relative to price per SF, & raw land pricing for development has moved dramatically in recent years. Hold, renovate, reposition, or redevelop. Rare scale, rare location, rare opportunity. $165k gross revenue, $119,500 NOI Parcel #'s: 0709-132-1011-1, 0709-132-1012-9, 0709-132-1013-7, 0709-132-1014-5.

Location

State WI

County Dane

Area Madison - C E01

Zoning TR-V1

Direction E Dayton St between Paterson between Livingston and Paterson.

Rooms

Basement Full

Interior

Heating Radiant

Inclusions All appliances, mechanicals, window coverings.

Heat Source Natural Gas

Exterior

Parking Features 2 stall garage, Detached, 2 spaces, Outside

Utilities Available Separate elec meters, Separate gas meters

Building

Water Municipal sewer, Municipal water

Structure Type Wood

Schools

Elementary Schools Lapham/Marquette

Middle Schools Okeeffe

High Schools East

School District Madison

South Central Wisconsin MLS (SCWMLS)

NEARBY PROPERTIES

SCHEDULE A PRIVATE VIEWING

820-828 E Dayton Street