554 W Mifflin St - Apartments FOR SALE


Madison, WI 53703- Downtown Madison
$1,189,000 USD
608-438-8827
554 W Mifflin St, Madison, WI for Sale
$1,189,000 USD
Apartments - FOR SALE
1/2
null | 7.5% Cap Rate

554 W Mifflin St
Madison, WI 53703
Downtown Madison


OVERVIEW

A student 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.

FOR SALE DETAILS

PRICE

$1,189,000 USD

PRICE/SF

$461 USD /SF

# OF UNITS

3

PRICE/UNIT

$396,333

CAP RATE

7.5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1904

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

0709-231-2426-1

ASK ABOUT THIS PROPERTY

AJ KahnAJ Mifflin, LLCMore Info
608-438-8827

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AJ KahnAJ Mifflin, LLCMore Info
608-438-8827

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.