For sale

Price cut: $19.9K (8/14)

$625,000

1010 E Gorham St, Madison, WI 53703

5beds

2,444sqft

$5,020/mo

Get pre-qualified

Apartment

Built in 1900

-- sqft lot

$618,300 Zestimate^®

$256/sqft

$-- HOA

What's special

Your investment portfolio starts here, in the beautiful Tenney-Lapham neighborhood. This two-flat property is the heart of Madison, and beautifully showcases turn-of-the-20th-century details you can't pay for today: original woodworking, hardwood flooring, large bay windows, and pocket doors. The main floor is a lovely 2-bed/1-bath unit, and the remodeled upper unit is the 2nd & 3rd floor of the property, boasting 2 beds/1 bath w/a 3rd non conforming bed or Flex space. This property is the ideal opportunity to capitalize on the ease of established tenants or owner-occupancy. One block from Giddings Park with incredible sunset views, and walkable to Madison favorites like James Madison Park (w/ year-round activities), Tenney Park (w/ boat launch), Johnson Street shopping and dining, and just two miles from the Capitol Square. Don't miss seeing this one in person! NOTE: A new roof (insurance claim) and partial siding replacement will be completed prior to closing.

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 5
Bathrooms: 2
Full bathrooms: 2

Heating

Natural Gas, Forced Air

Appliances

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

Features

Eat In Kitchen (Unit 1), Shared basement, Eat In Kitchen (Unit 2), Den/Office (Unit 2), Vaulted Ceiling(s) (Unit 2)
Flooring: Wood or Simulated Wood (Unit 1), Wood or Simulated Wood (Unit 2)
Basement: Full

Interior area

Total structure area: 2,444
Total interior livable area: 2,444 sqft

Property

Parking

Total spaces: 2
Parking features: 2 spaces, Outside
Details: Outside

Features

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

Lot

Size: 3,484 Square Feet
Features: Near Public Transit

Details

Parcel number: 070913202142
Zoning: TR-C4

Construction

Type & style

Home type: MultiFamily
Property subtype: Apartment

Materials

Vinyl Siding
Foundation: Other

Condition

Year built: 1900

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Internet - Cable

Community & HOA

Community

Subdivision: Tenney - Lapham

Location

Region: Madison

Financial & listing details

Price per square foot: $256/sqft
Tax assessed value: $556,800
Annual tax amount: $9,528
Date on market: 5/4/2026
Inclusions: 2 Refrigerators, 2 stoves, 2 dishwasher, 1 washer, 1 dryer
Exclusions: Sellers and Renters Personal Property
Total actual rent: 16200

Estimated market value

$618,300

$587,000 - $649,000

$1,800/mo

Price history

Date	Event	Price
8/14/2026	Price change	$625,000-3.1%$256/sqft
Source: SCWMLS #2022385 Report a problem
7/14/2026	Price change	$644,900-2.3%$264/sqft
Source: SCWMLS #2022385 Report a problem
6/24/2026	Listed for sale	$659,900+38.9%$270/sqft
Source: SCWMLS #2022385 Report a problem
4/12/2022	Sold	$475,000$194/sqft
Source: SCWMLS #1929003 Report a problem
4/9/2022	Pending sale	$475,000$194/sqft
Source: WIREX MLS #1929003 Report a problem
3/8/2022	Listed for sale	$475,000$194/sqft
Source: WIREX MLS #1928998 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$9,523 +0.1%	$486,500 +3.1%
2023	$9,510	$472,000 +11.3%
2022	--	$423,900 +5%
2021	--	$403,700 +8%
2020	--	$373,800 +8%
2019	$7,345	$346,100 +5%
2018	$7,345 +6.3%	$329,600 +10%
2017	$6,911 +12.5%	$299,600 +10%
2016	$6,145 -0.1%	$272,400 +6%
2014	$6,149 +5.6%	$257,000 +4%
2013	$5,824 -1.4%	$247,100
2012	$5,904 +5.1%	$247,100
2011	$5,616 +3.6%	$247,100
2010	$5,421 +3.8%	$247,100 -4%
2009	$5,223 +0.8%	$257,400 -4%
2008	$5,181 -1.6%	$268,100
2007	$5,267 +3.7%	$268,100 +4%
2006	$5,079 +6.8%	$257,800 +12.6%
2005	$4,758 +2.8%	$228,900 +10%
2004	$4,629 +11.3%	$208,100
2003	$4,158 +8.7%	$208,100 +27.6%
2002	$3,826 -0.7%	$163,100 +4%
2001	$3,855 +2.3%	$156,800 +12%
2000	$3,767	$140,000