Showings begin 11/22. Great opportunity to own a well-maintained duplex in East Madison’s Sunrise Meadows neighborhood, close to parks and Elvehjem Elementary. One unit is vacant and the other is rented month-to-month, allowing immediate rental income or owner-occupancy. Current rent is well below market, creating strong upside potential. Estimated market rent is $2,545 per side, $5,090 total/month. Each unit offers 1,278 sq ft, an open layout, fireplace, attached 1-car garage, and finished lower level. Spacious yards and private entrances enhance livability. Perfect for house hacking or adding to your investment portfolio. Separate utilities already in place. Ideal for long-term income or short-term value add. A rare find with cash flow potential from day one in a desirable location with strong tenant demand. Unparalleled opportunity!
Sold for $530,000
$530,000
1321-1323 S Thompson Dr, Madison, WI 53716
6beds
2,556sqft
Duplex
Built in 1980
-- sqft lot
$540,100 Zestimate®
$207/sqft
$1,797 Estimated rent
Home value
$540,100
$508,000 - $573,000
$1,797/mo
Zestimate® history
Owner options
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$1,797/mo
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$1,797/mo
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$2,894/mo
Est. payment
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$2,894/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Dan Chin Homes Team,
Real Broker LLC
Bought with:
Jacob Meir, 96475-94
EXP Realty, LLC
Source: SCWMLS,MLS#: 2012546
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
- Full bathrooms: 2
- 1/2 bathrooms: 2
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: Range/Oven (Unit 1), Refrigerator (Unit 1), Washer/Dryer (Unit 1), Range/Oven (Unit 2), Refrigerator (Unit 2), Washer/Dryer (Unit 2)
- Laundry: In Unit (Unit 1), In Unit (Unit 2)
Features
- Eat In Kitchen (Unit 1), Family/Rec Room (Unit 1), Fireplace (Unit 1), Private basement, Eat In Kitchen (Unit 2), Family/Rec Room (Unit 2), Fireplace (Unit 2)
- Flooring: Wood or Simulated Wood (Unit 1), Wood or Simulated Wood (Unit 2)
- Basement: Full size windows/Exposed,Partially Finished
- Number of fireplaces: 2
Interior area
- Total structure area: 2,556
- Total interior livable area: 2,556 sqft
Property
Parking
- Total spaces: 4
- Parking features: 1 stall garage, Attached
- Attached garage spaces: 2
- Details: Outside
Lot
- Size: 0.36 Acres
Details
- Parcel number: 071011305333
- Zoning: SR-C3
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex
Materials
- Aluminum Siding, Brick
Condition
- Year built: 1980
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Separate elec meters, Separate gas meters
Community & HOA
Community
- Subdivision: Sunrise Meadows
Location
- Region: Madison
Financial & listing details
- Price per square foot: $207/sqft
- Tax assessed value: $443,000
- Annual tax amount: $9,424
- Date on market: 11/20/2025
- Listing terms: Arms Length
- Inclusions: See Addendum R
- Exclusions: Seller's Personal Property
- Total actual rent: 17580
Price history
| Date | Event | Price |
|---|---|---|
| 1/2/2026 | Sold | $530,000+1%$207/sqft |
Source: SCWMLS #2012546 Report a problem | ||
| 11/24/2025 | Contingent | $525,000$205/sqft |
Source:  WIREX MLS #2012546 Report a problem | ||
| 11/20/2025 | Listed for sale | $525,000+61.5%$205/sqft |
Source: WIREX MLS #2012546 Report a problem | ||
| 11/20/2020 | Sold | $325,000$127/sqft |
Source: SCWMLS #1895595 Report a problem | ||
| 10/15/2020 | Pending sale | $325,000$127/sqft |
Source: Realty 2.0 #1895595 Report a problem | ||
| 10/10/2020 | Listed for sale | $325,000$127/sqft |
Source: Realty 2.0 #1895595 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: Elvehjem
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Nearby schools
GreatSchools rating
- 7/10Elvehjem Elementary SchoolGrades: PK-5Distance: 0.5 mi
- 5/10Sennett Middle SchoolGrades: 6-8Distance: 2.2 mi
- 6/10Lafollette High SchoolGrades: 9-12Distance: 2.1 mi
Schools provided by the listing agent
- Elementary: Elvehjem
- Middle: Sennett
- High: Lafollette
- District: Madison
Source: SCWMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$540,100
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$540,100
- Wisconsin
- Dane County
- Madison
- 53716
- Elvehjem
- 1321-1323 S Thompson Dr
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