Offer-show

$479,900

1123 Emerald St, Madison, WI 53715

5beds

1,480sqft

$3,984/mo

Get pre-qualified

Single Family Residence

Built in 1912

5,227 Square Feet Lot

$470,800 Zestimate^®

$324/sqft

$-- HOA

What's special

Excellent investment opportunity near UW–Madison campus! This 5-bedroom, 2-bath home offers a strong rental setup with convenient access to campus, amenities, and everything Madison has to offer. Recent updates include new LVP flooring and all new windows in 2023, a new furnace in 2025, AC updated in 2019 and water heater in 2026. The property is currently leased through 8/14/27 at $3,250/month, providing an established rental arrangement for the next owner. 2-3 parking spaces available for use as well! A great opportunity to add a well-located, updated property to your investment portfolio!

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 5
Bathrooms: 2
Full bathrooms: 2

Primary bedroom

Level: Upper
Area: 168
Dimensions: 14 x 12

Bedroom 2

Level: Upper
Area: 121
Dimensions: 11 x 11

Bedroom 3

Level: Upper
Area: 100
Dimensions: 10 x 10

Bedroom 4

Level: Upper
Area: 140
Dimensions: 14 x 10

Bedroom 5

Level: Main
Area: 143
Dimensions: 11 x 13

Dining room

Level: Main
Area: 154
Dimensions: 14 x 11

Kitchen

Features: Range/Oven, Refrigerator, Dishwasher, Microwave
Level: Main
Area: 126
Dimensions: 14 x 9

Living room

Level: Main
Area: 168
Dimensions: 12 x 14

Heating

Forced Air

Cooling

Central Air

Appliances

Laundry: Lower Level

Features

At Least 1 tub
Basement: Full
Has fireplace: No

Interior area

Total structure area: 1,480
Total interior livable area: 1,480 sqft
Finished area above ground: 1,480

Property

Parking

Parking features: No Garage
Has uncovered spaces: Yes

Features

Levels: Two
Stories: 2

Lot

Size: 5,227 Square Feet
Dimensions: 33X157
Features: Near Public Transit

Details

Parcel number: 070922440064
Zoning: Res

Construction

Type & style

Home type: SingleFamily
Architectural style: Bungalow
Property subtype: Single Family Residence

Materials

Aluminum Siding

Condition

Year built: 1912

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Cable Available

Community & HOA

Location

Region: Madison

Financial & listing details

Price per square foot: $324/sqft
Tax assessed value: $442,000
Annual tax amount: $7,877
Date on market: 8/22/2026
Inclusions: Kitchen refrigerator, range/oven, dishwasher, microwave, all window coverings/blinds, washer & dryer
Exclusions: Seller's personal property

Estimated market value

$470,800

$447,000 - $494,000

$5,068/mo

Price history

Date	Event	Price
8/22/2026	Listed for sale	$479,900+131.3%$324/sqft
Source: SCWMLS #2031080 Report a problem
8/13/2026	Listing removed	$3,250$2/sqft
Source: Zillow Rentals Report a problem
6/30/2026	Listed for rent	$3,250+8.5%$2/sqft
Source: Zillow Rentals Report a problem
6/10/2025	Listing removed	$2,995$2/sqft
Source: Zillow Rentals Report a problem
6/3/2025	Price change	$2,995-7.8%$2/sqft
Source: Zillow Rentals Report a problem
5/19/2025	Price change	$3,250-7%$2/sqft
Source: Zillow Rentals Report a problem
4/21/2025	Price change	$3,495-8%$2/sqft
Source: Zillow Rentals Report a problem
4/19/2025	Listed for rent	$3,800+533.3%$3/sqft
Source: Zillow Rentals Report a problem
2/1/2023	Listing removed	--
Source: Zillow Rentals Report a problem
1/20/2023	Price change	$600-80%
Source: Zillow Rentals Report a problem
11/30/2022	Price change	$3,000+11.1%$2/sqft
Source: Zillow Rental Manager Report a problem
11/17/2022	Listed for rent	$2,700$2/sqft
Source: Zillow Rental Manager Report a problem
7/24/2022	Listing removed	--
Source: Zillow Rental Manager Report a problem
6/25/2022	Listed for rent	$2,700+35.3%$2/sqft
Source: Zillow Rental Manager Report a problem
3/24/2021	Listing removed	--
Source: Owner Report a problem
2/27/2019	Listing removed	$1,995$1/sqft
Source: Owner Report a problem
2/14/2019	Listed for rent	$1,995-18.6%$1/sqft
Source: Owner Report a problem
11/15/2017	Listing removed	$2,450$2/sqft
Source: 1020 E Johnson St Report a problem
10/3/2017	Listed for rent	$2,450$2/sqft
Source: 1020 E Johnson St Report a problem
2/2/2010	Sold	$207,500$140/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$7,877 +1.7%	$427,100 +8%
2024	$7,742 +6.9%	$395,500 +10%
2023	$7,243	$359,500 +5%
2022	--	$342,400 +11%
2021	--	$308,500 +6%
2020	--	$291,000 +6.7%
2019	$5,609	$272,700 +8%
2018	$5,609 -3.5%	$252,500
2017	$5,812 +8.3%	$252,500 +8%
2016	$5,365 +2%	$233,800 +6.1%
2014	$5,262 +10.5%	$220,400 +7%
2013	$4,762 -2.9%	$206,000 +0.1%
2012	$4,904 +3%	$205,800 -2%
2011	$4,762 +11.7%	$210,000 +7.7%
2010	$4,262 +4.9%	$195,000 -3%
2009	$4,062 +7.2%	$201,000 +2.2%
2008	$3,791 -1.9%	$196,700
2007	$3,864 +4.7%	$196,700 +5%
2006	$3,690 +1.5%	$187,300 +7%
2005	$3,637 -6.9%	$175,000 -0.4%
2004	$3,909 +2.7%	$175,700
2003	$3,806 +8.7%	$175,700 +17.7%
2002	$3,503 +6.9%	$149,300 +12%
2001	$3,277 +6.9%	$133,300 +10%
2000	$3,067	$121,200