3 unit rental property located downtown on the corner of S. Broom St. & W. Main St. just 3 blocks from the Capitol & Lake Mendota. All three units are 3 bedrooms with 1 full bath and central AC. Fully leased for the 2024-2025 & 2025-2026 rental season (with slight rent increases). New roof in 2017 per city assessor, washer/dryer onsite, all tenants pay gas & electric. Great location, easy to rent, reliable rental history and walking distance to UW.
Closed
$807,500
401 West Main Street, Madison, WI 53703
9beds
3,060sqft
Multi Family, Apartment
Built in 1899
-- sqft lot
$888,200 Zestimate®
$264/sqft
$2,330 Estimated rent
Home value
$888,200
$799,000 - $995,000
$2,330/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: December 31, 2024 at 06:06pm
Listed by:
Jim Stopple 608-268-4912,
Madison Property Management, Inc.,
Tony Xiong 608-268-4987,
Madison Property Management, Inc.
Bought with:
Melissa Legrand
Source: WIREX MLS,MLS#: 1988164
Originating MLS: South Central Wisconsin MLS
Originating MLS: South Central Wisconsin MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Natural Gas, Forced Air
Features
- Basement: Full,Walk-Out Access
- Has fireplace: No
Interior area
- Total structure area: 3,060
- Total interior livable area: 3,060 sqft
Property
Parking
- Parking features: No Parking
Features
- Levels: Two
- Stories: 2
Lot
- Size: 2,178 sqft
Details
- Parcel number: 070923126051
- Zoning: DR2
- Special conditions: Arms Length
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Apartment
Materials
- Vinyl Siding, Aluminum/Steel
Condition
- 21+ Years
- New construction: No
- Year built: 1899
Utilities & green energy
- Electric: Separate Electric Meters
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Separate Electric Meters, Separate Gas Meters
Community & neighborhood
Location
- Region: Madison
- Municipality: Madison
Price history
| Date | Event | Price |
|---|---|---|
| 12/31/2024 | Sold | $807,500-8.1%$264/sqft |
Source:  WIREX MLS #1988164 Report a problem | ||
| 11/11/2024 | Contingent | $879,000$287/sqft |
Source: WIREX MLS #1988164 Report a problem | ||
| 10/29/2024 | Price change | $879,000-5.4%$287/sqft |
Source: WIREX MLS #1988164 Report a problem | ||
| 10/21/2024 | Listed for sale | $929,000+66495%$304/sqft |
Source: WIREX MLS #1988164 Report a problem | ||
| 10/25/2022 | Price change | $1,750+14.8%$1/sqft |
Source: Zillow Rental Network_1 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $13,301 +4% | $679,500 +7% |
| 2023 | $12,794 | $635,000 +5% |
| 2022 | -- | $604,800 +5% |
Find assessor info on the county website
Neighborhood: Capitol
Nearby schools
GreatSchools rating
- NAFranklin Elementary SchoolGrades: PK-2Distance: 1 mi
- 8/10Hamilton Middle SchoolGrades: 6-8Distance: 3.6 mi
- 9/10West High SchoolGrades: 9-12Distance: 2 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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$888,200
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With Zillow Showcase(estimated)$905,964