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$ 1,295,000
Est. payment /mo
Price Dropped by $50K
554 W Mifflin Street Madison, WI 53703
2,178 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 2023152
Year Built 1904
Annual Tax Amount $12,341
Tax Year 2025
Lot Size 2,178 Sqft
Acres 0.05
Property Description
An exceptional opportunity in downtown Madison, WI, this 3-unit, 9-bedroom is the closest house on Mifflin to campus with great southern light, full front decks, and rear exit decks. Each unit in this turn-key property is leased thru 08/2027 and offers a spacious and practical layout, including a full kitchen, three bedrooms, one bathroom, and a comfortable living area. Tenants appreciate the updated basement with storage and laundry. Additional income is generated through four on-site parking spaces. Tenants are responsible for electricity, garbage/recycling, cleaning, and snow removal. With gross income of $108,900 for 2026/2027 and several rents below market, a new buyer has the potential to earn an even greater return on their investment through future lease adjustments.
Location
State WI
County Dane
Zoning Dr2
Rooms
Basement Full
Interior
Heating Natural Gas
Cooling Forced Air
Inclusions 3 refrigerators, 3 ranges, 1 dishwasher, washer, dryer
Exterior
Exterior Feature Vinyl
Utilities Available Separate Electric Meters
Building
Dwelling Type 3+ Story
Story 3 - 4
Sewer Municipal Water, Municipal Sewer
New Construction N
Schools
Elementary Schools Franklin/Randall
Middle Schools Hamilton
High Schools West
School District Madison
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