Solid two-flat home in the coveted campus/Monroe Street neighborhood! Both units are significantly below market rents and there is huge potential for rent increases this fall when the leases expire at the end of June. Both flats have beautiful original hardwood floors, generous sized living rooms and they are flooded with natural sunlight. The two-car garage off of the alley is a huge attraction for renters. Located just steps to UW and all the Monroe St shops, this location is top tier. The poured concrete foundation and updated mechanicals make this a turn-key investment property. 24 hour notice required.
Sold
$566,000
1632 Madison St, Madison, WI 53711
3beds
1,910sqft
Apartment
Built in 1923
-- sqft lot
$567,400 Zestimate®
$296/sqft
$2,732 Estimated rent
Home value
$567,400
$539,000 - $601,000
$2,732/mo
Zestimate® history
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$3,838/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Caleb Payne,
Madcityhomes.Com,
Stuart Meland,
Madcityhomes.Com
Bought with:
Caleb Payne, 93139-94
Madcityhomes.Com
Source: SCWMLS,MLS#: 2015508
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Natural Gas, Forced Air
Appliances
- Included: Range/Oven (Unit 1), Refrigerator (Unit 1), Range/Oven (Unit 2), Refrigerator (Unit 2)
- Laundry: Common Area
Features
- Dining Room (Unit 1), Family/Rec Room (Unit 1), Shared basement, Family/Rec Room (Unit 2)
- Flooring: Wood or Simulated Wood (Unit 1), Wood or Simulated Wood (Unit 2)
- Basement: Full
Interior area
- Total structure area: 1,910
- Total interior livable area: 1,910 sqft
Property
Parking
- Total spaces: 2
- Parking features: 1 stall garage, Detached
- Garage spaces: 2
Lot
- Size: 4,791 Square Feet
- Features: Near Public Transit
Details
- Parcel number: 070922408195
- Zoning: TR-C4
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Apartment
Materials
- Aluminum Siding
- Foundation: Block, Poured concrete foundatn
Condition
- Year built: 1923
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Madison
Financial & listing details
- Price per square foot: $296/sqft
- Tax assessed value: $515,000
- Annual tax amount: $8,205
- Date on market: 1/27/2026
- Listing terms: Arms Length
- Inclusions: 2 refrigerators, 2 ranges, 1 washer (operational) 1 washer (needs repair), dryer
- Exclusions: window AC units
- Total actual rent: 27600
Price history
| Date | Event | Price |
|---|---|---|
| 5/6/2026 | Sold | $566,000-0.7%$296/sqft |
Source: Public Record Report a problem | ||
| 3/12/2026 | Pending sale | $570,000$298/sqft |
Source:  WIREX MLS #2015508 Report a problem | ||
| 1/31/2026 | Contingent | $570,000$298/sqft |
Source: WIREX MLS #2015508 Report a problem | ||
| 1/27/2026 | Listed for sale | $570,000$298/sqft |
Source: WIREX MLS #2015508 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $9,165 +3.9% | $468,200 +7% |
| 2023 | $8,817 | $437,600 +8% |
| 2022 | -- | $405,200 +12% |
| 2021 | -- | $361,800 +8% |
| 2020 | -- | $335,000 +3% |
| 2019 | $6,897 | $325,200 +5% |
| 2018 | $6,897 +6.3% | $309,700 +10% |
| 2017 | $6,488 +5.3% | $281,500 +5% |
| 2016 | $6,164 +5% | $268,100 +9.2% |
| 2014 | $5,870 +5.2% | $245,500 |
| 2013 | $5,579 -4.9% | $245,500 |
| 2012 | $5,865 +5.1% | $245,500 |
| 2011 | $5,579 +3.6% | $245,500 |
| 2010 | $5,386 +2.7% | $245,500 -5% |
| 2009 | $5,243 +5% | $258,400 |
| 2008 | $4,992 -1.7% | $258,400 |
| 2007 | $5,077 -0.3% | $258,400 |
| 2006 | $5,091 -0.5% | $258,400 +5% |
| 2005 | $5,115 -3.8% | $246,100 +3% |
| 2004 | $5,315 +9.4% | $238,900 |
| 2003 | $4,858 +12.6% | $238,900 +29.9% |
| 2002 | $4,314 +0.2% | $183,900 +5% |
| 2001 | $4,304 +2.6% | $175,100 +10% |
| 2000 | $4,195 | $159,200 |
Find assessor info on the county website
Neighborhood: Vilas
Nearby homes
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Nearby schools
GreatSchools rating
- 9/10Randall Elementary SchoolGrades: 3-5Distance: 0.2 mi
- 8/10Hamilton Middle SchoolGrades: 6-8Distance: 2.3 mi
- 9/10West High SchoolGrades: 9-12Distance: 0.7 mi
Schools provided by the listing agent
- Elementary: Franklin/Randall
- Middle: Hamilton
- High: West
- 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
$567,400
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
$567,400
- Wisconsin
- Dane County
- Madison
- 53711
- Vilas
- 1632 Madison St
