For sale

Price cut: $150.1K (5/4)

$949,900

1002-1004 Severson Dr, Madison, WI 53718

8beds

4,320sqft

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Duplex

Built in 2005

-- sqft lot

$909,200 Zestimate^®

$220/sqft

$-- HOA

What's special

This spacious, well-maintained duplex on Madison’s East Side offers a fantastic opportunity for investors and/or homeowners! Each side features 4 bedrooms and 3 full bathrooms, including a private en-suite with double vanities and walk-in closets in the main bedrooms. The open-concept living and dining areas provide ample space, while a second living room in the lower level adds flexibility. Both units offer updated kitchens with stainless steel appliances and access to private decks, perfect for outdoor living. The walkout lower levels lead to a large backyard and oversized corner lot, ideal for recreation. Recent updates include newer carpet, wood/laminate flooring, and more. With a rock solid proven rental history, this duplex is a sound investment. Both units are currently occupied, so please allow at least 24 hours notice for showings. Don’t miss this opportunity to own a fantastic income property in a prime location!

25 days

267

6

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 8
Bathrooms: 6
Full bathrooms: 6

Heating

Natural Gas, Forced Air, Individual Heat Control (Unit 1), Individual Heat Control (Unit 2)

Cooling

Air Conditioning (Unit 1), Air Conditioning (Unit 2)

Appliances

Included: Dishwasher (Unit 1), Range/Oven (Unit 1), Refrigerator (Unit 1), Dishwasher (Unit 2), Range/Oven (Unit 2), Refrigerator (Unit 2)

Features

Eat In Kitchen (Unit 1), Family/Rec Room (Unit 1), Fireplace (Unit 1), Primary bedroom bath, Eat In Kitchen (Unit 2), Family/Rec Room (Unit 2), Fireplace (Unit 2)
Basement: Full,Full size windows/Exposed,Partially Finished
Number of fireplaces: 2

Interior area

Total structure area: 4,320
Total interior livable area: 4,320 sqft

Property

Parking

Total spaces: 12
Parking features: 2 stall garage, Attached, Garage Door Opener
Attached garage spaces: 4
Details: Outside

Features

Patio & porch: Balcony/Patio (Unit 1), Balcony/Patio (Unit 2)

Lot

Size: 0.51 Acres

Details

Parcel number: 071011417013
Zoning: R3

Construction

Type & style

Home type: MultiFamily
Property subtype: Duplex

Materials

Brick, Stone, Vinyl Siding

Condition

Year built: 2005

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Location

Region: Madison

Financial & listing details

Price per square foot: $220/sqft
Tax assessed value: $731,800
Annual tax amount: $12,789
Date on market: 6/5/2026
Inclusions: 2 Ranges, 2 refrigerators, 2 dishwashers, 2 microwaves, 2 clothes washing machines, 2 clothes dryers, 2 water softeners
Exclusions: Any personal property of tenants.
Total actual rent: 55200

Estimated market value

$909,200

$864,000 - $955,000

$2,111/mo

Price history

Date	Event	Price
5/4/2026	Price change	$949,900-13.6%$220/sqft
Source: WIREX MLS #2016361 Report a problem
2/11/2026	Listed for sale	$1,100,000+83.6%$255/sqft
Source: WIREX MLS #2016361 Report a problem
5/21/2021	Listing removed	--
Source: SCWMLS Report a problem
4/7/2021	Listed for sale	$599,000+27.4%$139/sqft
Source: SCWMLS #1903907 Report a problem
10/30/2019	Sold	$470,000+23.7%$109/sqft
Source: SCWMLS #1858202 Report a problem
5/20/2016	Sold	$380,000$88/sqft
Source: SCWMLS #1749782 Report a problem

Public tax history

Tax history is unavailable.

Monthly payment

Est. payment

Payment breakdown

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All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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