Solid two-flat home in the coveted campus/Monroe Street neighborhood! Both units are significantly below market rents and there is huge potential for rent increases this fall when the leases expire at the end of June. Both flats have beautiful original hardwood floors, generous sized living rooms and they are flooded with natural sunlight. The two-car garage off of the alley is a huge attraction for renters. Located just steps to UW and all the Monroe St shops, this location is top tier. The poured concrete foundation and updated mechanicals make this a turn-key investment property. 24 hour notice required.
Contingent
$570,000
1632 Madison Street, Madison, WI 53711
3beds
1,910sqft
Est.:
Multi Family
Built in 1923
-- sqft lot
$560,500 Zestimate®
$298/sqft
$-- HOA
What's special
Beautiful original hardwood floorsFlooded with natural sunlight
- 34 days |
- 180 |
- 2 |
Zillow last checked: 8 hours ago
Listing updated: January 30, 2026 at 03:28pm
Listed by:
Caleb Payne caleb@madcityhomes.com,
Madcityhomes.Com,
Stuart Meland 608-438-3150,
Madcityhomes.Com
Source: WIREX MLS,MLS#: 2015508
Originating MLS: South Central Wisconsin MLS
Originating MLS: South Central Wisconsin MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Natural Gas, Forced Air
Features
- Basement: Full,Concrete,Block
- Has fireplace: No
Interior area
- Total structure area: 1,910
- Total interior livable area: 1,910 sqft
Property
Parking
- Total spaces: 1
- Parking features: 1 Car, Detached
- Garage spaces: 1
Features
- Stories: 2
Lot
- Size: 4,791.6 Square Feet
Details
- Parcel number: 070922408195
- Zoning: TR-C4
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Aluminum/Steel
Condition
- 21+ Years
- New construction: No
- Year built: 1923
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Madison
- Municipality: Madison
Financial & listing details
- Price per square foot: $298/sqft
- Tax assessed value: $515,000
- Annual tax amount: $8,205
- Date on market: 1/27/2026
- Inclusions: 2 Refrigerators, 2 Ranges, 1 Washer (Operational) 1 Washer (Needs Repair), Dryer
- Exclusions: Window Ac Units
Estimated market value
$560,500
$532,000 - $589,000
$2,331/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 1/31/2026 | Contingent | $570,000$298/sqft |
Source:  WIREX MLS #2015508 Report a problem | ||
| 1/27/2026 | Listed for sale | $570,000$298/sqft |
Source: WIREX MLS #2015508 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $9,165 +3.9% | $468,200 +7% |
| 2023 | $8,817 | $437,600 +8% |
| 2022 | -- | $405,200 +12% |
| 2021 | -- | $361,800 +8% |
| 2020 | -- | $335,000 +3% |
| 2019 | $6,897 | $325,200 +5% |
| 2018 | $6,897 +6.3% | $309,700 +10% |
| 2017 | $6,488 +5.3% | $281,500 +5% |
| 2016 | $6,164 +5% | $268,100 +9.2% |
| 2014 | $5,870 +5.2% | $245,500 |
| 2013 | $5,579 -4.9% | $245,500 |
| 2012 | $5,865 +5.1% | $245,500 |
| 2011 | $5,579 +3.6% | $245,500 |
| 2010 | $5,386 +2.7% | $245,500 -5% |
| 2009 | $5,243 +5% | $258,400 |
| 2008 | $4,992 -1.7% | $258,400 |
| 2007 | $5,077 -0.3% | $258,400 |
| 2006 | $5,091 -0.5% | $258,400 +5% |
| 2005 | $5,115 -3.8% | $246,100 +3% |
| 2004 | $5,315 +9.4% | $238,900 |
| 2003 | $4,858 +12.6% | $238,900 +29.9% |
| 2002 | $4,314 +0.2% | $183,900 +5% |
| 2001 | $4,304 +2.6% | $175,100 +10% |
| 2000 | $4,195 | $159,200 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$3,321/mo
Principal & interest
$2618
Property taxes
$703
Climate risks
Neighborhood: Vilas
Nearby schools
GreatSchools rating
- 9/10Randall Elementary SchoolGrades: 3-5Distance: 0.2 mi
- 8/10Hamilton Middle SchoolGrades: 6-8Distance: 2.2 mi
- 9/10West High SchoolGrades: 9-12Distance: 0.7 mi
Schools provided by the listing agent
- Elementary: Franklin/Randall
- Middle: Hamilton
- High: West
- District: Madison
Source: WIREX MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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