Completed in 2022, this mint condition 2-unit home is turnkey and checks all the boxes! The 2nd floor 'Owner's Suite' has been occupied by the builder since completion, and is now vacant and ready for move-in. Your mortgage payments will be offset by the 1st floor tenant, who has also lived at the property since it was first built and is leased through August of 2025. Built to last and easy to maintain - with a steel roof, tile and LVP floors, a fenced in yard and a thoughtful layout. It is easy to rent and located in an increasingly walkable pocket of the East Side.
Sold for $500,000
$500,000
3505 Graceland Ave, Madison, WI 53704
4beds
2,040sqft
Apartment
Built in 2022
-- sqft lot
$521,200 Zestimate®
$245/sqft
$2,582 Estimated rent
Home value
$521,200
$485,000 - $558,000
$2,582/mo
Zestimate® history
Owner options
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$2,582/mo
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$2,582/mo
Rent Zestimate®
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$3,325/mo
Est. payment
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$3,325/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Leslie Boyea,
Quorum Enterprises, Inc
Bought with:
The Opportunity Team
Keller Williams Realty
Source: SCWMLS,MLS#: 1986645
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Natural Gas, Forced Air, Individual Heat Control (Unit 1), Individual Heat Control (Unit 2)
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), Water Softener Owned
- Laundry: In Unit (Unit 1), In Unit (Unit 2)
Features
- Eat In Kitchen (Unit 1), Family/Rec Room (Unit 1), Eat In Kitchen (Unit 2), Family/Rec Room (Unit 2), Private basement, Separate Storage (Unit 2)
- Basement: Crawl Space,Sump Pump
Interior area
- Total structure area: 2,040
- Total interior livable area: 2,040 sqft
Property
Parking
- Total spaces: 4
- Parking features: 2 spaces, Outside
- Details: Outside
Features
- Levels: Two
- Patio & porch: Balcony/Patio (Unit 1)
- Fencing: Fenced
Lot
- Size: 4,791 sqft
- Features: Near Public Transit
Details
- Parcel number: 081032103210
- Zoning: TR-V1
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Apartment
Materials
- Aluminum Siding, Vinyl Siding, Wood Siding
Condition
- Year built: 2022
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Separate elec meters, Separate gas meters, Separate water meters, Internet - Cable
Community & neighborhood
Location
- Region: Madison
- Subdivision: Clyde A Gallagher
HOA & financial
Other financial information
- Total actual rent: 17100
Other
Other facts
- Listing terms: Arms Length
Price history
| Date | Event | Price |
|---|---|---|
| 2/17/2025 | Listing removed | $1,650$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 1/20/2025 | Listed for rent | $1,650$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 1/3/2025 | Sold | $500,000-2.9%$245/sqft |
Source: Public Record Report a problem | ||
| 11/26/2024 | Pending sale | $514,900$252/sqft |
Source:  WIREX MLS #1986645 Report a problem | ||
| 10/23/2024 | Price change | $514,900-5.5%$252/sqft |
Source: WIREX MLS #1986645 Report a problem | ||
| 10/11/2024 | Price change | $544,900-7.6%$267/sqft |
Source: WIREX MLS #1986645 Report a problem | ||
| 9/26/2024 | Listed for sale | $589,900+2084.8%$289/sqft |
Source: WIREX MLS #1986645 Report a problem | ||
| 10/28/2019 | Sold | $27,000-37.9%$13/sqft |
Source: Public Record Report a problem | ||
| 10/11/2019 | Pending sale | $43,500$21/sqft |
Source: Bunbury & Assoc, REALTORS #1819037 Report a problem | ||
| 9/5/2019 | Listed for sale | $43,500$21/sqft |
Source: Bunbury & Assoc, REALTORS #1819037 Report a problem | ||
| 8/7/2019 | Pending sale | $43,500$21/sqft |
Source: Bunbury & Assoc, REALTORS #1819037 Report a problem | ||
| 2/22/2019 | Price change | $43,500-78.2%$21/sqft |
Source: Bunbury & Assoc, REALTORS #1819037 Report a problem | ||
| 10/1/2018 | Price change | $199,900+359.5%$98/sqft |
Source: Bunbury & Assoc, REALTORS #1842601 Report a problem | ||
| 9/11/2018 | Listed for sale | $43,500-58.2%$21/sqft |
Source: Bunbury & Assoc, REALTORS #1819037 Report a problem | ||
| 2/20/2018 | Sold | $104,000$51/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $7,969 +3% | $407,100 +6% |
| 2023 | $7,739 | $384,100 +6.8% |
| 2022 | -- | $359,500 +623.3% |
| 2021 | -- | $49,700 +80.7% |
| 2020 | -- | $27,500 +5% |
| 2019 | $590 | $26,200 |
| 2018 | $590 | $26,200 |
| 2017 | -- | -- |
Find assessor info on the county website
Neighborhood: Hawthorne
Nearby schools
GreatSchools rating
- 4/10Hawthorne Elementary SchoolGrades: PK-5Distance: 0.4 mi
- 8/10O'keeffe Middle SchoolGrades: 6-8Distance: 2.5 mi
- 8/10East High SchoolGrades: 9-12Distance: 1.9 mi
Schools provided by the listing agent
- Elementary: Hawthorne
- Middle: OKeeffe
- 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
$521,200
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
$521,200
- Wisconsin
- Dane County
- Madison
- 53704
- Hawthorne
- 3505 Graceland Ave
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