$634,500

411 S Paterson Street, Madison, WI 53703

Multi-Family Home
Built in 1898
1,742sqft lot
—— car garage
$——/sqft
Listed 1 month ago

Property Description

Marquette investment property boasts a fabulous location, tucked on a quiet street, close to BB Clark Beach, Willy Street eateries and cafes and walkable to downtown! Extensive renovations since 2016, including 3 new boilers, improvement of the 2nd floor floorplan & bathroom and kitchen updates. 1st floor offers 2 bdrms, LVP flrs in living, maple hardwood in bdrms, kitchen w/dishwasher & private 3 season room. 2nd floor offers 2 bdrms, maple hardwoods and private deck. 3rd floor offers 1bdrm, hardwood flrs, updated kitchen w/dishwasher. Building offers new roof '24, water heater '14, 3 new boilers '17 (tenants pay heat) , 3 100 amp electrical panels (Unit 2 & 3 tenants pay electric, unit 1 also serves shared spaces, so paid by owner) & insulated vinyl windows. Easy turn key rental w/small lot, so not a lot of exterior upkeep. Highly desirable rental market makes this the perfect investment.

Listing Status:: Pending
Data Last Updated:: February 15, 2026 at 12:48AM
Listing Office:: Lauer Realty Group, Inc. : 6084673220
Listing Agent:: Liz Lauer : 6084445725
MLS ID:: 713745546600

General: Water Softener
Basement: Full
A/C: Heat Pump

General: Aluminum/Steel
Parking: No Parking

General: Apartment Building2 Story

Originating MLS: WIREX_SCW
School District: Madison
County: DANE

Zoning: HIS-TL0709-134-0619-0

Utilities: Separate Electric MetersSeparate Gas Meters
Sewer: Municipal WaterMunicipal Sewer

Source: WIREX_SCW
Exclusions: Tenant's And Seller's Personal Property

This listing courtesy of Liz Lauer , Lauer Realty Group, Inc.

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Lapham Elementary School

1045 E Dayton St, Madison, WI, 53703

Grades PK-2

0.47 miles away

Innovative & Alternative Middle School

1045 E Dayton St, Madison, WI, 53703

Grades 6-8

0.46 miles away

East High School

2222 E Washington Ave, Madison, WI, 53704

Grades 9-12

1.46 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.