Sold
220 N Thornton Avenue, Madison
$852,000
MLS® # 1994667, 7 days, Sold
401 W Main Street, Madison
$807,500
0 Beds
0 Baths
0 Sqft
0 Acres
0 Garages
3 unit rental property located downtown on the corner of S. Broom St. & W. Main St. just 3 blocks from the Capitol & Lake Mendota. All three units are 3 bedrooms with 1 full bath and central AC. Fully leased for the 2024-2025 & 2025-2026 rental season (with slight rent increases). New roof in 2017 per city assessor, washer/dryer onsite, all tenants pay gas & electric. Great location, easy to rent, reliable rental history and walking distance to UW.
Madison Property Management, Inc..
Essential Information
Status Sold
Detailed Status Sold 12/31/2024
Days on Market 19
MLS® # 1988164
Price $807,500
Year Built 1899
Type Multi Family
Assessed Value $679,500
Year Assesed 2024
Net Taxes $11,519
Tax Year 2023
Total Income $66,900
Utilities Separate elec meters, Separate gas meters
Parking Per Unit 561
Exterior Vinyl, Aluminum
Community Information
Address 401 W Main Street
MLS® Area MADISON - C W01
City Madison
County Dane
State WI
Zip Code 53703
School Information
Property Overview
3 Bedroom Units 3
Total Units 3
# of Water Heaters 3
# of Water Softeners 1
Heat Fuel Natural Gas
# of Stoves 3
# of Refrigerators 3
# of Dishwashers 1
Units with AC 3
# of Washers 1
# of Dryers 1
Unit 1 Details
# of Bedrooms 3
# of Full Baths 1
Lease Expires 8/14/2025
Monthly Rent $1,925
Square Feet 1,145
Parking None
Landlord Pays Elec No
Landlord Pays Heat No
Landlord Pays W/S Yes
Unit 2 Details
# of Bedrooms 3
# of Full Baths 1
Lease Expires 8/14/2025
Monthly Rent $1,925
Square Feet 1,145
Parking None
Landlord Pays Elec No
Landlord Pays Heat No
Landlord Pays W/S Yes
Unit 3 Details
# of Bedrooms 3
# of Full Baths 1
Lease Expires 8/14/2025
Monthly Rent $1,725
Square Feet 770
Landlord Pays Elec No
Landlord Pays Heat No
Landlord Pays W/S Yes
Additional Information
Zoning DR2
Short Sale No
REO / Bank Owned No
Property History
Status Changed from Offer-Show to Sold
Status Changed from Active to Offer-Show
Price Reduced from $929,000 to $879,000
Map Views
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Data provided by the South Central Wisconsin MLS as of 06/14/2025.
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