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$ 750,000
Est. payment | /mo
0.28 Acres Lot
$ 750,000
Est. payment | /mo
0.28 Acres Lot
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Meadowood
MLS Listing ID 2032345
Year Built 1961
Annual Tax Amount $9,058
Tax Year 2025
Lot Size 0.280 Acres
Acres 0.28
Property Description
Investor opportunity! This well-maintained 4-unit property offers meaningful updates and landlord-friendly features. Recent improvements include new windows (2026), insulated walls and attic (2023), and water heater (2022). Two upper units have been remodeled with updated flooring, and all units feature split-system AC/heat pumps for added year-round comfort. Each unit includes two tandem parking spaces and separately metered electricity, paid by tenants. Owner pays heat and water/sewer; property has its own water softener. Shared basement coin-operated laundry provides convenient tenant access and additional owner income ( $200/mo). Approximately half the basement is secured landlord storage, including a small finished office?can be used for supplies, records, or on-site management. All units rented, two with long term tenants in place. Convenient Madison location near shopping, dining, parks, transit, and commuter routes.
Location
State WI
County Dane
Zoning SR-V1
Rooms
Basement Full, Partially Finished, Poured Concrete
Interior
Interior Features Water Softener
Heating Natural Gas
Cooling Steam
Inclusions 4 ranges/ovens, 4 refrigerators, 2 microwaves, 2 dryers, 1 washer.
Exterior
Exterior Feature Brick
Utilities Available Separate Electric Meters
Building
Dwelling Type Apartment Building,2 Story
Story 1 - 2
Sewer Municipal Water, Municipal Sewer
New Construction N
Schools
Elementary Schools Orchard Ridge
Middle Schools Toki
High Schools Memorial
School District Madison
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Listed by Keller Williams Realty