Active

$665,000

2954 Milwaukee St, Madison, WI 53704

6beds

3,089sqft

$5,701/mo

Get pre-qualified

Apartment

Built in 1926

-- sqft lot

$659,000 Zestimate^®

$215/sqft

$-- HOA

What's special

Investor Alert or Owner-Occupant Special! Prime Near East Madison 4-unit multifamily opportunity delivering high-yield cash flow! This 3,200 sq ft property combines historic charm with major capital updates: new roof (2022), new furnace (2024), new flooring, a brand-new renovated bathroom in Unit 1, and upgraded ventilation in all bathrooms. Features two 2-bedroom and two 1-bedroom sun-drenched apartments. Tenant perks: free non-coin laundry (W/D <2 yrs) and dedicated basement storage. Turnkey, clean, and ready for instant leasing or owner-occupancy. Unbeatable location close to downtown Madison, dining, shopping, parks, bike paths, and transit lines. Tour today!

--: on Zillow
446: views
20: saves

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 6
Bathrooms: 5
Full bathrooms: 5

Heating

Natural Gas, Radiant

Appliances

Included: Water Softener Owned
Laundry: Common Area

Features

Basement: Full

Interior area

Total structure area: 3,089
Total interior livable area: 3,089 sqft

Property

Parking

Parking features: Outside

Features

Levels: Two
Fencing: Fenced

Lot

Size: 4,356 Square Feet
Features: Near Public Transit

Details

Parcel number: 071005227303
Zoning: RES

Construction

Type & style

Home type: MultiFamily
Property subtype: Apartment

Materials

Vinyl Siding

Condition

Year built: 1926

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Separate elec meters

Community & HOA

Location

Region: Madison

Financial & listing details

Price per square foot: $215/sqft
Tax assessed value: $604,600
Annual tax amount: $10,914
Date on market: 8/21/2026
Total actual rent: 62580

Estimated market value

$659,000

$626,000 - $692,000

$1,652/mo

Price history

Date	Event	Price
8/26/2026	Listed for sale	$665,000+24.3%$215/sqft
Source: SCWMLS #2031059 Report a problem
10/10/2023	Sold	$535,000-10.1%$173/sqft
Source: Public Record Report a problem
7/22/2023	Pending sale	$595,000$193/sqft
Source: WIREX MLS #1958030 Report a problem
7/10/2023	Price change	$595,000-3.3%$193/sqft
Source: WIREX MLS #1958030 Report a problem
6/16/2023	Listed for sale	$615,000$199/sqft
Source: WIREX MLS #1958030 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$10,472 +1.9%	$535,000 +4.9%
2023	$10,276	$510,000 +10.6%
2022	--	$461,000 +10%
2021	--	$419,000 +5%
2020	--	$399,000 +5%
2019	$7,913	$380,000 +4.6%
2018	$7,913 +5.7%	$363,200 +10%
2017	$7,486 +11.7%	$330,200 +5.1%
2016	$6,701 +10.4%	$314,200 +21.2%
2014	$6,070 +2.7%	$259,200 +3.2%
2013	$5,910 -4.9%	$251,200 -4.9%
2012	$6,212 +5.1%	$264,200
2011	$5,910 +3.6%	$264,200
2010	$5,706 -2.9%	$264,200 -9.9%
2009	$5,876 +3.6%	$293,200
2008	$5,670 -1.6%	$293,200
2007	$5,760 -0.3%	$293,200
2006	$5,777 +3.3%	$293,200 +9%
2005	$5,591 +14.3%	$269,000 +22.4%
2004	$4,890 +10.4%	$219,800
2003	$4,430 +3.7%	$219,800 +20.8%
2002	$4,270 -5.1%	$182,000 -0.5%
2001	$4,499 -17.2%	$183,000 -10.4%
2000	$5,435	$204,200