Once in a generation opportunity to secure 7 adjacent buildings on the Isthmus!!! 7 properties, 15 units & a total of 36 bedrooms. These properties are all fully leased through 8/14/2025 and are professionally managed by Birwood Property Management. Two properties overlook James Madison Park & Lake Mendota. All 7 properties are contiguous, allowing for ultimate flexibility on parking and efficient maintenance, lawn and snow care. These are being offered as a package, so please be prepared to submit an offer on all 7 properties prior to scheduling any showings. Market rents should be an average of ~$850-900/bedroom + parking + utility income + laundry.
Sold for $3,400,000
$3,400,000
509 E Gorham St, Madison, WI 53703
9beds
3,431sqft
Apartment
Built in 1890
-- sqft lot
$676,900 Zestimate®
$991/sqft
$2,450 Estimated rent
Home value
$676,900
$514,000 - $853,000
$2,450/mo
Zestimate® history
Owner options
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$18,567/mo
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Zillow last checked:
Listing updated:
Listed by:
The Hub Team,
The Hub Realty
Bought with:
The Hub Team
The Hub Realty
Source: SCWMLS,MLS#: 1984626
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
Heating
- Natural Gas, Forced Air
Features
- Basement: Full
Interior area
- Total structure area: 3,431
- Total interior livable area: 3,431 sqft
Property
Parking
- Total spaces: 10
- Parking features: 1 space
- Details: Outside
Lot
- Size: 0.65 Acres
Details
- Parcel number: 070913313048
- Zoning: DR1
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Apartment
Materials
- Other
Condition
- Year built: 1890
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Madison
HOA & financial
Other financial information
- Total actual rent: 60000
Other
Other facts
- Listing terms: Arms Length
Price history
| Date | Event | Price |
|---|---|---|
| 10/21/2024 | Sold | $3,400,000$991/sqft |
Source: SCWMLS #1984626 Report a problem | ||
| 9/7/2024 | Pending sale | $3,400,000$991/sqft |
Source:  WIREX MLS #1984626 Report a problem | ||
| 8/27/2024 | Listed for sale | $3,400,000$991/sqft |
Source: WIREX MLS #1984626 Report a problem | ||
| 12/29/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 11/28/2023 | Listed for rent | $2,600+29.4%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 2/17/2015 | Listing removed | $2,010$1/sqft |
Source: Pasdo Properties Report a problem | ||
| 1/8/2015 | Listed for rent | $2,010$1/sqft |
Source: Pasdo Properties Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $7,603 +4.9% | $388,400 +8% |
| 2023 | $7,245 | $359,600 +6% |
| 2022 | -- | $339,200 +10% |
| 2021 | -- | $308,400 +3% |
| 2020 | -- | $299,400 |
| 2019 | $5,541 | $299,400 +20% |
| 2018 | $5,541 -3.5% | $249,500 |
| 2017 | $5,742 +6.1% | $249,500 +10% |
| 2016 | $5,413 -0.1% | $226,800 |
| 2014 | $5,417 +11.6% | $226,800 +6% |
| 2013 | $4,854 -4.9% | $214,000 |
| 2012 | $5,103 +5.1% | $214,000 |
| 2011 | $4,854 +3.6% | $214,000 |
| 2010 | $4,685 +8.2% | $214,000 |
| 2009 | $4,330 +4.9% | $214,000 |
| 2008 | $4,128 -1.8% | $214,000 |
| 2007 | $4,204 -0.3% | $214,000 |
| 2006 | $4,216 +4.3% | $214,000 +10% |
| 2005 | $4,043 +2.8% | $194,500 +10% |
| 2004 | $3,933 +5.6% | $176,800 |
| 2003 | $3,725 +3.8% | $176,800 +15.6% |
| 2002 | $3,589 -2.7% | $153,000 +2% |
| 2001 | $3,687 +2% | $150,000 +5% |
| 2000 | $3,616 | $142,900 |
Find assessor info on the county website
Neighborhood: Capitol
Nearby schools
GreatSchools rating
- NALapham Elementary SchoolGrades: PK-2Distance: 0.7 mi
- 8/10O'keeffe Middle SchoolGrades: 6-8Distance: 1.4 mi
- 8/10East High SchoolGrades: 9-12Distance: 1.8 mi
Schools provided by the listing agent
- Elementary: Lapham/Marquette
- 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
$676,900
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
$676,900
- Wisconsin
- Dane County
- Madison
- 53703
- Capitol
- 509 E Gorham St
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