3 unit rental property located downtown on the corner of S. Broom St. & W. Main St. just 3 blocks from the Capitol & Lake Mendota. All three units are 3 bedrooms with 1 full bath and central AC. Fully leased for the 2024-2025 & 2025-2026 rental season (with slight rent increases). New roof in 2017 per city assessor, washer/dryer onsite, all tenants pay gas & electric. Great location, easy to rent, reliable rental history and walking distance to UW.
Sold for $807,500
$807,500
401 W Main St, Madison, WI 53703
9beds
3,060sqft
Apartment
Built in 1899
-- sqft lot
$936,400 Zestimate®
$264/sqft
$1,659 Estimated rent
Home value
$936,400
$852,000 - $1.04M
$1,659/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Jim Stopple,
Madison Property Management, Inc.,
Tony Xiong,
Madison Property Management, Inc.
Bought with:
Melissa LeGrand, 57439-90
@properties-elleven Christie's International
Source: SCWMLS,MLS#: 1988164
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Natural Gas, Forced Air, Individual Heat Control (Unit 1), Individual Heat Control (Unit 2), Individual Heat Control (Unit 3)
Cooling
- Air Conditioning (Unit 1), Air Conditioning (Unit 2)
Appliances
- Included: Range/Oven (Unit 1), Refrigerator (Unit 1), Refrigerator (Unit 2), Dishwasher (Unit 3), Range/Oven (Unit 3), Refrigerator (Unit 3)
Features
- Eat In Kitchen (Unit 1), Family/Rec Room (Unit 1), Eat In Kitchen (Unit 2), Family/Rec Room (Unit 2), Eat In Kitchen (Unit 3), Family/Rec Room (Unit 3)
- Basement: Full,Walk-Out Access
Interior area
- Total structure area: 3,060
- Total interior livable area: 3,060 sqft
Property
Parking
- Parking features: None
Features
- Levels: Two
- Patio & porch: Balcony/Patio (Unit 1), Balcony/Patio (Unit 2), Balcony/Patio (Unit 3)
Lot
- Size: 2,178 sqft
- Features: Near Public Transit
Details
- Parcel number: 070923126051
- Zoning: DR2
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Apartment
Materials
- Aluminum Siding, Vinyl Siding
Condition
- Year built: 1899
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Separate elec meters, Separate gas meters
Community & neighborhood
Location
- Region: Madison
HOA & financial
Other financial information
- Total actual rent: 66900
Other
Other facts
- Listing terms: Arms Length
Price history
| Date | Event | Price |
|---|---|---|
| 1/2/2025 | Sold | $807,500-8.1%$264/sqft |
Source: Public Record Report a problem | ||
| 11/11/2024 | Contingent | $879,000$287/sqft |
Source:  WIREX MLS #1988164 Report a problem | ||
| 10/29/2024 | Price change | $879,000-5.4%$287/sqft |
Source: WIREX MLS #1988164 Report a problem | ||
| 10/21/2024 | Listed for sale | $929,000+66495%$304/sqft |
Source: WIREX MLS #1988164 Report a problem | ||
| 10/25/2022 | Price change | $1,750+14.8%$1/sqft |
Source: Zillow Rental Network_1 Report a problem | ||
| 10/9/2022 | Listed for rent | $1,525+17.8% |
Source: Zillow Rental Network_1 Report a problem | ||
| 12/11/2019 | Listing removed | $1,295 |
Source: 1020 E Johnson St Report a problem | ||
| 11/1/2019 | Listed for rent | $1,295+5.7% |
Source: 1020 E Johnson St Report a problem | ||
| 3/25/2019 | Listing removed | $1,225 |
Source: 1020 E Johnson St Report a problem | ||
| 3/24/2019 | Price change | $1,225-5.4% |
Source: 1020 E Johnson St Report a problem | ||
| 2/14/2019 | Price change | $1,295-5.1% |
Source: 1020 E Johnson St Report a problem | ||
| 1/8/2019 | Listed for rent | $1,365 |
Source: 1020 E Johnson St Report a problem | ||
| 12/1/2018 | Listing removed | $1,365 |
Source: 1020 E Johnson St Report a problem | ||
| 11/25/2018 | Listed for rent | $1,365 |
Source: 1020 E Johnson St Report a problem | ||
| 10/23/2018 | Listing removed | $1,365 |
Source: 1020 E Johnson St Report a problem | ||
| 10/10/2018 | Listed for rent | $1,365-5.5% |
Source: 1020 E Johnson St Report a problem | ||
| 1/3/2014 | Listing removed | $1,445 |
Source: Madison Property Management Report a problem | ||
| 11/6/2013 | Listed for rent | $1,445 |
Source: Madison Property Management Report a problem | ||
| 1/13/2010 | Listing removed | $1,395 |
Source: Madison Properties #600013 Report a problem | ||
| 12/22/2009 | Listed for sale | $1,395-99.7% |
Source: Madison Properties #600013 Report a problem | ||
| 7/19/2005 | Sold | $444,500$145/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $13,301 +4% | $679,500 +7% |
| 2023 | $12,794 | $635,000 +5% |
| 2022 | -- | $604,800 +5% |
| 2021 | -- | $576,000 +15% |
| 2020 | -- | $500,900 +5% |
| 2019 | $10,664 | $477,000 |
| 2018 | $10,664 -3.5% | $477,000 |
| 2017 | $11,049 +6.3% | $477,000 +5% |
| 2016 | $10,399 +5% | $454,300 +10.2% |
| 2014 | $9,906 +8.4% | $412,100 +3% |
| 2013 | $9,141 -4.9% | $400,100 |
| 2012 | $9,607 +5.1% | $400,100 |
| 2011 | $9,141 +3.6% | $400,100 |
| 2010 | $8,826 -2.6% | $400,100 -9.9% |
| 2009 | $9,061 +5.3% | $444,000 |
| 2008 | $8,606 -1.3% | $444,000 |
| 2007 | $8,723 -0.3% | $444,000 |
| 2006 | $8,748 +6.9% | $444,000 +12.8% |
| 2005 | $8,181 +2.8% | $393,600 +10% |
| 2004 | $7,960 +10.4% | $357,800 |
| 2003 | $7,211 +1.8% | $357,800 +18.5% |
| 2002 | $7,085 +3.4% | $302,000 +8.4% |
| 2001 | $6,849 +6.9% | $278,600 +10% |
| 2000 | $6,409 | $253,300 |
Find assessor info on the county website
Neighborhood: Capitol
Nearby schools
GreatSchools rating
- NAFranklin Elementary SchoolGrades: PK-2Distance: 1 mi
- 8/10Hamilton Middle SchoolGrades: 6-8Distance: 3.6 mi
- 9/10West High SchoolGrades: 9-12Distance: 2 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
$936,400
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
$936,400
- Wisconsin
- Dane County
- Madison
- 53703
- Capitol
- 401 W Main St
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