For sale

$430,000

2021 Carey Ct, Madison, WI 53704

2beds

2,183sqft

$3,481/mo

Get pre-qualified

Apartment

Built in 1939

-- sqft lot

$420,100 Zestimate^®

$197/sqft

$-- HOA

What's special

Emerson two flat boasts a great opportunity to get into the market and start building equity. Great for investor, owner occupied unit or potential to convert back to a single family home. Both units offer spacious floorplans, oak hardwood floors, character rich vintage bathrooms and kitchens. 1st floor apartement has additional space in the basement for media or hobbies and offers a 2nd kitchen and bath (built out as a separate apartment, but not allowed to be a separate rental by the city). New roof, window wraps and gutters '26, vinyl windows '21, furnace '21, H20 heater '23 & newer shed. Tenants pay electric, 1/3 monthly water bill and cooking gas per lease. There is also a clause for early termination of the leases if Buyer is looking to owner occupy. Close to bus/bike paths, restuarants, downtown, matc & just a couple of blocks to Schenks Corners entertainment & foodie corridor!

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 3
Full bathrooms: 3

Heating

Natural Gas, Forced Air

Appliances

Included: Range/Oven (Unit 1), Refrigerator (Unit 1), Range/Oven (Unit 2), Refrigerator (Unit 2), Water Softener Owned
Laundry: Common Area

Features

Private basement, Shared basement
Flooring: Wood or Simulated Wood (Unit 1), Wood or Simulated Wood (Unit 2)
Windows: Low Emissivity Windows
Basement: Full,Laundry facilities,Partially Finished

Interior area

Total structure area: 2,183
Total interior livable area: 2,183 sqft

Property

Parking

Total spaces: 1
Parking features: 1 space, Concrete, Outside, Paved
Details: Outside

Features

Levels: Two

Lot

Size: 3,049 Square Feet
Features: Near Public Transit

Details

Parcel number: 071006306221
Zoning: TR-V1

Construction

Type & style

Home type: MultiFamily
Property subtype: Apartment

Materials

Wood Siding
Foundation: Poured concrete foundatn

Condition

Year built: 1939

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Heat Included, Separate elec meters, Sewer Included, Water Included

Community & HOA

Community

Subdivision: Emerson

Location

Region: Madison

Financial & listing details

Price per square foot: $197/sqft
Tax assessed value: $413,600
Annual tax amount: $7,333
Date on market: 7/8/2026
Inclusions: 3 range/oven, 2 refrigerator, washer, dryer, water softener
Exclusions: All personal property of Seller and/or Tenants.
Total actual rent: 26760

Estimated market value

$420,100

$399,000 - $441,000

$2,252/mo

Price history

Date	Event	Price
7/8/2026	Listed for sale	$430,000+264.4%$197/sqft
Source: SCWMLS #2027560 Report a problem
6/1/1999	Sold	$118,000$54/sqft
Source: Agent Provided Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$7,074 +3.9%	$361,400 +7%
2023	$6,806	$337,800 +12%
2022	--	$301,600 +14%
2021	--	$264,600 +8%
2020	--	$245,000 +4%
2019	$4,746	$235,600 +10%
2018	$4,746 +6.3%	$214,200 +10%
2017	$4,463 +9.4%	$194,700 +8%
2016	$4,079 +3%	$180,300 +8.2%
2014	$3,961 +1.8%	$166,700 +3%
2013	$3,891 +1.3%	$161,800
2012	$3,840 +0.9%	$161,800 -4%
2011	$3,806 +3.6%	$168,500
2010	$3,673 -0.6%	$168,500 -8%
2009	$3,694 +0.5%	$183,100 -4%
2008	$3,674 -1.9%	$190,700
2007	$3,747 +1.7%	$190,700 +2%
2006	$3,684 +0.5%	$187,000 +6%
2005	$3,666 +5.6%	$176,400 +13%
2004	$3,473 +4.6%	$156,100
2003	$3,319 +5.7%	$156,100 +16.7%
2002	$3,139 +3.1%	$133,800 +8%
2001	$3,046 +2%	$123,900 +5%
2000	$2,986	$118,000