120-122 N Franklin Street, Madison
$1,670,000
MLS® # 2023684, 28 days, Active
820-828 E Dayton Street, Madison
$2,100,000
0 Beds
0 Baths
0 Sqft
0 Acres
0 Garages
Rare 4-parcel, 7-unit portfolio in Madisonâs core Isthmus - the cityâs most walkable, in-demand location. Combines true neighborhood feel w/immediate access to downtown, restaurants, grocery, entertainment, parks, major employers & the Capitol 8 blocks away. Includes 820, 822, 824 & 828 E Dayton St. Compelling opportunity for investors seeking current income+upside, multifamily developers pursuing scarce assemblage scale, & smaller owners wanting control of a rarely available Isthmus footprint. Opportunities to acquire this kind of assembly in this location are few & far between, which is exactly why the value proposition is so compelling. Pricing is competitive, current rents offer upside relative to price per SF, & raw land pricing for development has moved dramatically in recent years. Hold, renovate, reposition, or redevelop. Rare scale, rare location, rare opportunity. $165k gross revenue, $119,500 NOI Parcel #'s: 0709-132-1011-1, 0709-132-1012-9, 0709-132-1013-7, 0709-132-1014-5.
Conrad Development LLC, info@conraddevelopment.com.
Essential Information
Status Active
Detailed Status Active
Days on Market 89
MLS® # 2019012
Price $2,100,000
Year Built 1897
Type Multi Family
Assessed Value $1,925,100
Year Assesed 2025
Net Taxes $35,550
Tax Year 2025
Total Income $165,000
Total Expenses $45,649
Net OP Income $119,351
Utilities Separate elec meters, Separate gas meters
Parking Per Unit 2 stall garage, Detached, 2 spaces, Outside
Exterior Wood
Community Information
Address 820-828 E Dayton Street
MLS® Area MADISON - C E01
City Madison
County Dane
State WI
Zip Code 53703
School Information
Property Overview
1 Bedroom Units 1
2 Bedroom Units 3
3 Bedroom Units 3
Total Units 7
# of Furnaces 1
# of Water Heaters 4
# of Water Softeners 4
Heat Fuel Natural Gas
# of Stoves 7
# of Refrigerators 7
# of Dishwashers 4
Units with AC 1
# of Washers 4
# of Dryers 4
Unit 1 Details
# of Bedrooms 1
# of Full Baths 1
Lease Expires 8/14/2026
Monthly Rent $1,550
Square Feet 720
Parking 1 Space
Landlord Pays Elec No
Landlord Pays Heat No
Landlord Pays W/S Yes
Unit 2 Details
# of Bedrooms 2
# of Full Baths 1
Lease Expires 8/14/2026
Monthly Rent $1,550
Square Feet 720
Parking 2 Space
Landlord Pays Elec No
Landlord Pays Heat No
Landlord Pays W/S Yes
Unit 3 Details
# of Bedrooms 2
# of Full Baths 1
Lease Expires 8/14/2026
Monthly Rent $1,600
Square Feet 900
Parking 2 Space
Landlord Pays Elec No
Landlord Pays Heat No
Landlord Pays W/S Yes
Unit 4 Details
# of Bedrooms 2
# of Full Baths 1
Lease Expires 8/14/2026
Monthly Rent $1,400
Square Feet 667
Parking 2 Space
Landlord Pays Elec No
Landlord Pays Heat No
Landlord Pays W/S Yes
Additional Information
Zoning TR-V1
Short Sale No
REO / Bank Owned No
Property History
Price Reduced from $2,300,000 to $2,100,000
Map Views
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Data provided by the South Central Wisconsin MLS as of 06/14/2026.
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