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Alexander Dempsey

alex@northernwi.realestate +1(715) 681-2879

Listed by William Butcher • Conrad Development LLC

$ 495,000

Est. payment -/mo

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Pending

828 E Dayton Street Madison, WI 53703

6 Beds

4,791 Sqft Lot

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Pending

Purchase Type For Sale

Municipality MADISON

MLS Listing ID 2029613

Bedrooms 6

Year Built 1918

Annual Tax Amount $8,791

Tax Year 2025

Lot Size 4,791 Sqft

Acres 0.11

Property Description

Fully leased two-unit investment property in Tenney-Lapham, one of Madison's most walkable near-east neighborhoods. Both units are spacious 3-bedroom, 1-bath layouts of roughly 1,100 square feet. Current leases run through May 31, 2027 at $2,100 and $2,200 per month - $51,600 in annual gross income with no near-term turnover. Two new furnaces (2025) and a rebuilt front porch (2021) put the major capital items behind you. Tenants pay their own gas and electric; owner covers water and sewer. Steps to Reynolds Park; James Madison Park and the Lake Mendota shoreline are three blocks north, with groceries, the Capitol Square, and the E Washington corridor an easy walk or bike ride away. Lapham/Marquette, O'Keeffe and East schools. A durable, low-maintenance hold in a rental market that stays tight.

Location

State WI

County Dane

Zoning TR-V1

Rooms

Basement Full

Interior

Heating Natural Gas

Cooling Forced Air

Inclusions All appliances, including but not limited to refrigerators, ranges/ovens, washers and dryers; all mechanical systems and equipment serving the Property; and all window coverings, including curtains, drapes, blinds, shades and associated hardware.

Exterior

Exterior Feature Vinyl

Utilities Available Separate Electric Meters, Separate Gas Meters

Building

Dwelling Type 2 Story,2 Flat Up and Down

Story 1 - 2

Sewer Municipal Water, Municipal Sewer

New Construction N

Schools

Elementary Schools Lapham/Marquette

Middle Schools Okeeffe

High Schools East

School District Madison

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