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Street View
$1,080,000
Monthly Est:$5,376
-- Bed
-- Bath
--sqft
554 W Mifflin St, Madison, WI 53703
$1,080,000
$5,376/moEst:
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Multi Family
Built in 1904
$-- HOA
2,178 sqft lot
--/sqft
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. Cap rate of 8.36% per seller.
- Houzeo last checked: 12 minutes ago
- Listing updated: August 27, 2026 at 11:46 pm
- Listing Provided by: Caleb Payne (608) 556-0033 | Madcityhomes.Com (608) 438-3150
- Source: WIREX | MLS#: 2023152
- Originating MLS: South Central Wisconsin MLS
Property Details
Status
Active
Type
Multi Family
No. of Stories
-
County
City
Neighborhood
Year Built
1904
HOA Fees
-
Finished Area
- sqft
Lot Size
2,178 sqft lot
Basement Area
- sqft
MLS Name
WIREX
MLS Number
2023152
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedroom: --
Bathroom: --
Interior
Heating
Natural Gas, Forced Air
Price History
| Date | Event | Price |
|---|---|---|
08/05/2026 Source: | Price Decreased | $1,080,000 -9.17% $0/sqft |
07/24/2026 Source: | Price Decreased | $1,189,000 -8.19% $0/sqft |
06/10/2026 Source: | Price Decreased | $1,295,000 -3.72% $0/sqft |
05/13/2026 Source: | Price Increased | $1,345,000 +13.12% $0/sqft |
05/13/2026 Source: | Listed for Sale | $1,189,000 $0/sqft |
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Based on information received from WIRES/RANW MLS through Oct 29, 2026, 11:00PM. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker nor Houzeo nor RANW MLS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. ©2026 RANW MLS, Inc. All rights reserved.
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