512 S Mills Street, Madison

$494,900

0 Beds
0 Baths
0 Sqft
0 Acres
0 Garages

Discover a prime rental opportunity near the intersection of S. Mills St. & Drake St. in the sought-after Vilas area. This well-maintained two-unit property offers: Unit #512: A spacious 1,024 sq. ft. unit featuring 2 bedrooms + a den, 1 full bath, a screened front porch, dining area, living room, and basement access with laundry. Currently leased at $1,695/month through 8/14/2025. Unit #512.5: A cozy 608 sq. ft. upper-level unit with 2 bedrooms, 1 full bath, living room, and dining area. Leased at $1,625/month through 8/14/2025. The property is ideally located within walking distance of UW-Madison, Vilas Zoo, the Arboretum, Camp Randall Stadium, and Lake Monona. Excellent for an owner occupant or an investment property. New roof on detached garage in 2024.

Madison Property Management, Inc..

Essential Information
Status Sold
Detailed Status Sold 5/2/2025
Days on Market 79
MLS® # 1988238
Price $494,900
Year Built 1930
Type Multi Family
Assessed Value $445,300
Year Assesed 2024
Net Taxes $7,519
Tax Year 2023
Total Income $39,840
Parking Per Unit Detached, Outside
Exterior Vinyl, Aluminum/Steel
Community Information
Address 512 S Mills Street
MLS® Area MADISON - C W14
City Madison
County Dane
State WI
Zip Code 53715
School Information
District Madison
Elementary Franklin/Randall
Middle Hamilton
High West
Property Overview
2 Bedroom Units 2
Total Units 2
# of Water Heaters 1
# of Water Softeners 1
Heat Fuel Natural Gas
# of Stoves 2
# of Refrigerators 2
# of Dishwashers 1
# of Washers 1
# of Dryers 1
Unit 1 Details
# of Bedrooms 2
# of Full Baths 1
Lease Expires 8/14/2025
Monthly Rent $1,695
Square Feet 1,024
Parking Street
Landlord Pays Elec Yes
Landlord Pays Heat No
Landlord Pays W/S Yes
Unit 2 Details
# of Bedrooms 2
# of Full Baths 1
Lease Expires 8/14/2025
Monthly Rent $1,625
Square Feet 608
Parking Street
Landlord Pays Elec Yes
Landlord Pays Heat Yes
Landlord Pays W/S Yes
Additional Information
Zoning TRC3
Short Sale No
REO / Bank Owned No
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DISCLAIMER: Information is supplied by seller and other third parties and has not been verified.The IDX information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data provided by the South Central Wisconsin MLS as of 02/09/2026.

Copyright 2026 – (South Central Wisconsin MLS) – All Rights Reserved

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