Perfect location for student housing. Fully leased through August 2024. This property has 6 separately leased parking spots for additional income. All units have gas stoves. Washer/Dryer 1 year old. Updated electrical panels, furnaces, and water heaters. Parking leases add up to $600/month. Total projected income based on August '23 to August '24 rents is $5945/month, including parking. Fantastic metrics for the location. Less than 12 GRM! Or tear down and redevelop.
Sold
$801,600
423 W Dayton St, Madison, WI 53703
9beds
3,074sqft
Apartment
Built in 1896
-- sqft lot
$1,044,500 Zestimate®
$261/sqft
$-- Estimated rent
Home value
$1,044,500
$930,000 - $1.18M
Not available
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Brian Conne,
First Weber, Inc
Bought with:
Tim A Flores, 85666-94
EXP Realty, LLC
Source: SCWMLS,MLS#: 1959891
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Natural Gas, Forced Air, Individual Heat Control (Unit 1)
Appliances
- Included: Dishwasher (Unit 1), Range/Oven (Unit 1), Refrigerator (Unit 1), Range/Oven (Unit 2), Refrigerator (Unit 2), Range/Oven (Unit 3), Refrigerator (Unit 3), Water Softener Owned
- Laundry: Common Area
Features
- Family/Rec Room (Unit 1), Shared basement, Family/Rec Room (Unit 2), Family/Rec Room (Unit 3), Pantry ((Unit 3)
- Basement: Full
Interior area
- Total structure area: 3,074
- Total interior livable area: 3,074 sqft
Property
Parking
- Total spaces: 6
- Parking features: Outside, Parking fee
- Details: Outside
Features
- Levels: Three Or More
- Patio & porch: Balcony/Patio (Unit 1), Balcony/Patio (Unit 2), Balcony/Patio (Unit 3)
Lot
- Size: 4,356 Square Feet
- Features: Near Public Transit
Details
- Parcel number: 070923113115
- Zoning: DR2
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Apartment
Materials
- Vinyl Siding
- Foundation: Other
Condition
- Year built: 1896
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Separate elec meters, Internet - Cable
Community & HOA
Location
- Region: Madison
Financial & listing details
- Price per square foot: $261/sqft
- Tax assessed value: $749,200
- Annual tax amount: $14,285
- Date on market: 7/14/2023
- Listing terms: Arms Length
- Inclusions: Refrigerators (3), Stove/ovens (3), Dishwasher (1), Washer (1), Dryer (1), Water Softener (1)
- Exclusions: Seller's personal property, Tenant's personal property
- Total actual rent: 64140
Price history
| Date | Event | Price |
|---|---|---|
| 11/16/2023 | Sold | $801,600-5.7%$261/sqft |
Source: Public Record Report a problem | ||
| 9/28/2023 | Contingent | $850,000$277/sqft |
Source:  WIREX MLS #1959891 Report a problem | ||
| 7/14/2023 | Listed for sale | $850,000$277/sqft |
Source: WIREX MLS #1959891 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $15,689 +3.9% | $801,500 +7% |
| 2023 | $15,095 | $749,200 +5% |
| 2022 | -- | $713,500 +5% |
| 2021 | -- | $679,500 +15% |
| 2020 | -- | $590,900 +5% |
| 2019 | $12,597 | $562,800 |
| 2018 | $12,597 -3.5% | $562,800 |
| 2017 | $13,051 +6.3% | $562,800 +5% |
| 2016 | $12,283 +5% | $536,000 +10.2% |
| 2014 | $11,701 +8.4% | $486,200 +3% |
| 2013 | $10,797 -4.8% | $472,000 |
| 2012 | $11,347 +5.1% | $472,000 |
| 2011 | $10,797 +3.6% | $472,000 |
| 2010 | $10,425 +0.7% | $472,000 -6.9% |
| 2009 | $10,353 +5.3% | $506,800 |
| 2008 | $9,828 -1.3% | $506,800 |
| 2007 | $9,957 -0.3% | $506,800 |
| 2006 | $9,985 +4.3% | $506,800 +10% |
| 2005 | $9,575 +2.8% | $460,700 +10% |
| 2004 | $9,317 +10.4% | $418,800 |
| 2003 | $8,442 +1.8% | $418,800 +18.4% |
| 2002 | $8,295 +9.7% | $353,600 +15% |
| 2001 | $7,559 +6.9% | $307,500 +10% |
| 2000 | $7,072 | $279,500 |
Find assessor info on the county website
Neighborhood: Capitol
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Nearby schools
GreatSchools rating
- NAFranklin Elementary SchoolGrades: PK-2Distance: 1.2 mi
- 8/10Hamilton Middle SchoolGrades: 6-8Distance: 3.5 mi
- 9/10West High SchoolGrades: 9-12Distance: 1.8 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
$1,044,500
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
$1,044,500
- Wisconsin
- Dane County
- Madison
- 53703
- Capitol
- 423 W Dayton St
