212 W Gorham Street, Madison
$1,850,000
MLS® # 1964981, 208 days, Active
15 E Gilman Street, Madison
$2,400,000
0 Beds
0 Baths
0 Sqft
0 Acres
0 Garages
Truly unique investment opportunity in Madison's Mansion Hill district. This meticulously maintained 7-unit apartment building has been updated and restored from top to bottom, combining the neighborhood’s historic class with upscale modernization. Next owner will delight in a turnkey operation with little to no maintenance. 3rd floor features a completely remodeled 3-bedroom penthouse with capitol views. Versatile property: ideal for diverse rental strategies—traditional leases at market rates, short-term rentals, or personal use of the penthouse. Steps from the Capitol Square and the shores of Lake Mendota, this building embodies a quintessential Madison experience. (Property updates, lease details, and rent roll attached in additional docs).
Bruner Realty & Management, Pref: 608-333-5301.
Essential Information
Status Active
Detailed Status Active
Days on Market 164
MLS® # 1967398
Price $2,400,000
Year Built 1909
Type Multi Family
Assessed Value $980,000
Year Assesed 2023
Net Taxes $18,363
Tax Year 2022
Total Income $92,400
Parking Per Unit 561
Exterior Brick/Stone, Stucco
Community Information
Address 15 E Gilman Street
MLS® Area MADISON - C W01
City Madison
County Dane
State WI
Zip Code 53703
School Information
Property Overview
1 Bedroom Units 3
2 Bedroom Units 3
3 Bedroom Units 1
Total Units 7
# of Furnaces 3
# of Water Heaters 2
# of Water Softeners 1
Heat Fuel Natural Gas
# of Stoves 7
# of Refrigerators 7
# of Dishwashers 1
# of Washers 1
# of Dryers 1
Unit 1 Details
# of Bedrooms 1
# of Full Baths 1
Lease Expires 8/14/24
Monthly Rent $1,000
Square Feet 874
Parking None
Landlord Pays Elec Yes
Landlord Pays Heat Yes
Landlord Pays W/S Yes
Unit 2 Details
# of Bedrooms 1
# of Full Baths 1
Lease Expires 8/14/24
Monthly Rent $1,200
Square Feet 500
Parking None
Landlord Pays Elec Yes
Landlord Pays Heat Yes
Landlord Pays W/S Yes
Unit 3 Details
# of Bedrooms 1
# of Full Baths 1
Lease Expires 8/14/24
Monthly Rent $1,400
Square Feet 750
Parking None
Landlord Pays Elec Yes
Landlord Pays Heat Yes
Landlord Pays W/S Yes
Unit 4 Details
# of Bedrooms 2
# of Full Baths 1
Lease Expires N/A
Monthly Rent $2,000
Square Feet 1,100
Parking None
Landlord Pays Elec Yes
Landlord Pays Heat Yes
Landlord Pays W/S Yes
Additional Information
Zoning DR1 HIS-MH
Barrier Free Open floor plan, First floor full bath, Level lot
Short Sale No
REO / Bank Owned No
Property History
Price Reduced from $2,800,000 to $2,400,000
Map Views
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Data provided by the South Central Wisconsin MLS as of 04/27/2024.
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