Tired of staring at those sad, Frankenstein'd old houses turned into multifamily mishmashes? Buckle up, because here's the magic phrase that'll make your real estate heart skip a beat: TWO-FLAT FOR SALE IN MADISON! Whether you're an owner-occupant dreaming of your perfect pad or a savvy investor plotting your empire, this is a great fit. Both units will be delivered vacant. No awkward tenant tango or move-out drama. Yes, this one needs work, and now is the time to roll up your sleeves and build equity the old fashioned way. Don't forget about the large detached garage, which makes this an ideal opportunity for an owner that is stoked to offer a superior product and maximize income. This isn't just a property?it's your ticket to finally get in the game! Grab it before it's gone.
Active
$350,000
816 Melvin Court, Madison, WI 53704
4beds
1,700sqft
Est.:
Multi Family
Built in 1955
-- sqft lot
$349,400 Zestimate®
$206/sqft
$-- HOA
What's special
Large detached garage
- 24 days |
- 1,381 |
- 60 |
Likely to sell faster than
Zillow last checked: 8 hours ago
Listing updated: November 18, 2025 at 10:30am
Listed by:
Gordon Stebbings 443-974-7677,
Wisco Real Estate Sales
Source: WIREX MLS,MLS#: 2012664
Originating MLS: South Central Wisconsin MLS
Originating MLS: South Central Wisconsin MLSTour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Natural Gas, Radiant/Electric
Features
- Basement: Concrete
- Has fireplace: No
Interior area
- Total structure area: 1,700
- Total interior livable area: 1,700 sqft
Property
Parking
- Total spaces: 2
- Parking features: 2 Car, Outside
- Garage spaces: 2
Features
- Stories: 2
Lot
- Size: 5,662.8 Square Feet
Details
- Parcel number: 081032304032
- Zoning: SR-V1
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Vinyl Siding
Condition
- 21+ Years
- New construction: No
- Year built: 1955
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Burke Assessor's Plat No. 1
Location
- Region: Madison
- Municipality: Madison
Financial & listing details
- Price per square foot: $206/sqft
- Tax assessed value: $321,400
- Annual tax amount: $5,089
- Date on market: 11/20/2025
- Inclusions: Refrigerator X 2. Stove X 1. Dishwasher X 1. Washer X 1. Dryer X 1.
- Exclusions: Personal Property In The Garage Will Not Convey With The Real Estate.
Estimated market value
$349,400
$332,000 - $367,000
$2,554/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 11/18/2025 | Listed for sale | $350,000+16.7%$206/sqft |
Source:  WIREX MLS #2012664 Report a problem | ||
| 5/30/2025 | Sold | $300,000$176/sqft |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $5,720 +3% | $292,200 +6% |
| 2023 | $5,555 | $275,700 +10% |
| 2022 | -- | $250,600 +10% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$2,297/mo
Principal & interest
$1716
Property taxes
$458
Home insurance
$123
Climate risks
Neighborhood: Carpenter-Ridgeway
Nearby schools
GreatSchools rating
- 4/10Hawthorne Elementary SchoolGrades: PK-5Distance: 0.5 mi
- 8/10O'keeffe Middle SchoolGrades: 6-8Distance: 1.9 mi
- 8/10East High SchoolGrades: 9-12Distance: 1.2 mi
Schools provided by the listing agent
- Elementary: Hawthorne
- Middle: Okeeffe
- High: East
- 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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