This fully leased 4-unit apartment building offers steady cash flow and well-maintained living spaces. Built in 1986, each of the four 2-bedroom, 1-bath units features a private 1-car garage and separate utility metering. The property is subject to an affordability covenant requiring all units be rented to low- to moderate-income households at or below 80% of area income limits, based on HUD’s Small Area Fair Market Rent (SAFMR) guidelines for Dane County, effective through September 2028. Heat pumps installed – Sep 2023, All refrigerators replaced – Jun 2022, New water softener – May 2022, Energy efficiency improvements – October 2022: Blower door test, Attic air sealing & additional insulation, Bathroom vent fans replaced
Sold for $665,000
$665,000
26 Northridge Ter, Madison, WI 53704
8beds
3,920sqft
Apartment
Built in 1989
-- sqft lot
$683,400 Zestimate®
$170/sqft
$1,761 Estimated rent
Home value
$683,400
$642,000 - $724,000
$1,761/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Seth Pfaehler,
The McGrady Group, LLC,
Matthew McGrady,
The McGrady Group, LLC
Bought with:
Kathryn Dicks, 89445-94
EXP Realty, LLC
Angi Ackard
EXP Realty, LLC
Source: SCWMLS,MLS#: 2003106
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Electric, Heat Pump, Individual Heat Control (Unit 1), Individual Heat Control (Unit 2), Individual Heat Control (Unit 4)
Cooling
- Air Conditioning (Unit 1), Air Conditioning (Unit 2), Air Conditioning (Unit 3), Air Conditioning (Unit 4)
Appliances
- Included: Dishwasher (Unit 1), Range/Oven (Unit 1), Refrigerator (Unit 1), Washer/Dryer (Unit 1), Dishwasher (Unit 2), Range/Oven (Unit 2), Refrigerator (Unit 2), Washer/Dryer (Unit 2), Dishwasher (Unit 3), Range/Oven (Unit 3), Refrigerator (Unit 3), Washer/Dryer (Unit 3), Dishwasher (Unit 4), Range/Oven (Unit 4), Refrigerator (Unit 4), Washer/Dryer (Unit 4), Water Softener Owned
- Laundry: In Unit (Unit 1), In Unit (Unit 2), In Unit (Unit 3), In Unit (Unit 4)
Features
- Eat In Kitchen (Unit 1), Eat In Kitchen (Unit 2), Eat In Kitchen (Unit 3), Eat In Kitchen (Unit 4)
- Flooring: Wood or Simulated Wood (Unit 4)
- Basement: None
Interior area
- Total structure area: 3,920
- Total interior livable area: 3,920 sqft
Property
Parking
- Total spaces: 10
- Parking features: 1 space, 1 stall garage, Attached, Garage Door Opener
- Attached garage spaces: 4
- Details: Outside
Features
- Levels: Two
- Patio & porch: Balcony/Patio (Unit 1), Balcony/Patio (Unit 2), Balcony/Patio (Unit 3), Balcony/Patio (Unit 4)
Lot
- Size: 0.39 Acres
- Features: Near Public Transit
Details
- Parcel number: 080926403231
- Zoning: SR-V2
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Apartment
Materials
- Brick, Vinyl Siding
Condition
- Year built: 1989
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Separate elec meters, Separate gas meters, Internet - Cable
Community & neighborhood
Location
- Region: Madison
HOA & financial
Other financial information
- Total actual rent: 61200
Other
Other facts
- Listing terms: Arms Length
Price history
| Date | Event | Price |
|---|---|---|
| 12/5/2025 | Sold | $665,000-5%$170/sqft |
Source: Public Record Report a problem | ||
| 10/20/2025 | Pending sale | $700,000$179/sqft |
Source:  WIREX MLS #2003106 Report a problem | ||
| 8/13/2025 | Price change | $700,000-2.8%$179/sqft |
Source: WIREX MLS #2003106 Report a problem | ||
| 6/26/2025 | Listed for sale | $720,000$184/sqft |
Source: WIREX MLS #2003106 Report a problem | ||
| 3/24/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 1/22/2020 | Listing removed | $1,000 |
Source: Owner Report a problem | ||
| 12/16/2019 | Listed for rent | $1,000 |
Source: Owner Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $10,375 +5.1% | $530,000 +8.2% |
| 2023 | $9,873 | $490,000 +16.7% |
| 2022 | -- | $420,000 |
| 2021 | -- | $420,000 +8% |
| 2020 | -- | $389,000 +5.1% |
| 2019 | $7,599 | $370,000 +8.5% |
| 2018 | $7,599 +4.2% | $340,900 +7.9% |
| 2017 | $7,291 -3.7% | $315,900 |
| 2016 | $7,571 +6% | $315,900 +6% |
| 2014 | $7,139 +3.1% | $297,900 +3.1% |
| 2013 | $6,925 -4.9% | $288,900 -4.9% |
| 2012 | $7,279 +5.1% | $303,900 |
| 2011 | $6,925 +3.6% | $303,900 |
| 2010 | $6,685 -2.8% | $303,900 -10.1% |
| 2009 | $6,878 +5.2% | $337,900 |
| 2008 | $6,540 -1.5% | $337,900 |
| 2007 | $6,638 -0.3% | $337,900 |
| 2006 | $6,657 -0.5% | $337,900 +5% |
| 2005 | $6,688 +2.8% | $321,800 +10% |
| 2004 | $6,507 +4.8% | $292,500 |
| 2003 | $6,210 +8.6% | $292,500 +18.1% |
| 2002 | $5,718 +0.2% | $247,700 +5% |
| 2001 | $5,706 -0.1% | $235,900 +3% |
| 2000 | $5,711 | $229,000 |
Find assessor info on the county website
Neighborhood: 53704
Nearby schools
GreatSchools rating
- 5/10Mendota Elementary SchoolGrades: PK-5Distance: 0.2 mi
- 3/10Black Hawk Middle SchoolGrades: 6-8Distance: 1.1 mi
- 8/10East High SchoolGrades: 9-12Distance: 3.3 mi
Schools provided by the listing agent
- Elementary: Mendota
- Middle: Black Hawk
- High: East
- 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
$683,400
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Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$683,400
- Wisconsin
- Dane County
- Madison
- 53704
- 26 Northridge Ter
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