$1,345,000

554 Mifflin Street, Madison, WI 53703

Multi-Family Home
Built in 1904
2,178sqft lot
—— car garage
$——/sqft
Listed 6 days ago

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.

Listing Status:: Active
Data Last Updated:: May 20, 2026 at 12:53AM
Listing Office:: Madcityhomes.Com : 6084383150
Listing Agent:: Caleb Payne : 6085560033
MLS ID:: 715333257400

Basement: Full
A/C: Forced Air

General: Vinyl
Parking: 1 Space

General: 3+ Story

Originating MLS: WIREX_SCW
School District: Madison
County: DANE

Zoning: Dr20709-231-2426-1

Utilities: Separate Electric Meters
Sewer: Municipal WaterMunicipal Sewer

Source: WIREX_SCW
Exclusions: window AC units

This listing courtesy of Caleb Payne , Madcityhomes.Com

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Principal & Interest $
Property Taxes $
Home Insurance $
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