Sold

$400,000

421A-421B Falcon Cir, Madison, WI 53716

4beds

1,610sqft

Duplex

Built in 1965

-- sqft lot

$419,400 Zestimate^®

$248/sqft

$2,160 Estimated rent

Home value

$419,400

$394,000 - $449,000

$2,160/mo

Zestimate^® history

Owner options

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$2,160/mo

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$2,160/mo

Rent Zestimate^®

Refinance and save

$2,184/mo

Est. payment

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$2,184/mo

Est. payment

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What's special

This charming side-by-side duplex, located in a quiet circle in desirable Monona, offers a fantastic investment opportunity. Each unit features 2 bedrooms, 1 bathroom, and a full basement with market rents of $1400-1500/month (currently below market) yielding meaningful cashflow. The property is rented to long-term tenants, providing easy management, and could also be a great option for owner-occupancy. Enjoy the benefits of living in one unit while renting out the other. The two car garage can be rented or kept for the owner's storage. Don't miss out on this rare opportunity in a prime location!

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)

Cooling

Air Conditioning (Unit 1), Air Conditioning (Unit 2)

Appliances

Included: Dishwasher (Unit 1), Range/Oven (Unit 1), Refrigerator (Unit 1), Dishwasher (Unit 2), Range/Oven (Unit 2), Refrigerator (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), Private basement, Eat In Kitchen (Unit 2), Family/Rec Room (Unit 2)
Flooring: Wood or Simulated Wood (Unit 1), Wood or Simulated Wood (Unit 2)
Basement: Full

Interior area

Total structure area: 1,610
Total interior livable area: 1,610 sqft

Property

Parking

Total spaces: 4
Parking features: 2 spaces, 2 stall garage, Detached
Has garage: Yes
Details: Outside

Lot

Size: 6,098 Square Feet

Details

Parcel number: 071020473422
Zoning: Res

Construction

Type & style

Home type: MultiFamily
Property subtype: Duplex

Materials

Vinyl Siding

Condition

Year built: 1965

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Separate elec meters, Separate gas meters, Separate water meters

Community & HOA

Community

Subdivision: Interlake Replat

Location

Region: Madison

Financial & listing details

Price per square foot: $248/sqft
Tax assessed value: $355,800
Annual tax amount: $6,173
Date on market: 1/15/2025
Listing terms: Arms Length
Inclusions: 2 range/ovens, 2 refrigerator, 2 dishwashers, 2 water softeners, 1 washer, 1 dryer, all window blinds
Total actual rent: 28980

Price history

Date	Event	Price
2/6/2025	Sold	$400,000+3.9%$248/sqft
Source: SCWMLS #1991875 Report a problem
1/22/2025	Pending sale	$385,000$239/sqft
Source: WIREX MLS #1991875 Report a problem
1/15/2025	Listed for sale	$385,000$239/sqft
Source: WIREX MLS #1991875 Report a problem