Fully leased two-unit investment property in Tenney-Lapham, one of Madison's most walkable near-east neighborhoods. Both units are spacious 3-bedroom, 1-bath layouts of roughly 1,100 square feet. Current leases run through May 31, 2027 at $2,100 and $2,200 per month - $51,600 in annual gross income with no near-term turnover. Two new furnaces (2025) and a rebuilt front porch (2021) put the major capital items behind you. Tenants pay their own gas and electric; owner covers water and sewer. Steps to Reynolds Park; James Madison Park and the Lake Mendota shoreline are three blocks north, with groceries, the Capitol Square, and the E Washington corridor an easy walk or bike ride away. Lapham/Marquette, O'Keeffe and East schools. A durable, low-maintenance hold in a rental market that stays tight.
Closed
$485,000
828 E Dayton St, Madison, WI 53703
6beds
2,200sqft
Apartment
Built in 1918
-- sqft lot
$484,900 Zestimate®
$220/sqft
$2,203 Estimated rent
Home value
$484,900
$461,000 - $509,000
$2,203/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
William Butcher,
Conrad Development LLC
Bought with:
Tony Xiong, 69875-94
Madison Property Management, Inc.
Source: SCWMLS,MLS#: 2029613
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Natural Gas, Forced Air
Features
- Basement: Full,Laundry facilities
Interior area
- Total structure area: 2,200
- Total interior livable area: 2,200 sqft
Property
Parking
- Total spaces: 2
- Parking features: 2 spaces, Outside, Driveway
- Details: Outside
Features
- Levels: Two
Lot
- Size: 4,791 Square Feet
Details
- Parcel number: 070913210145
- Zoning: TR-V1
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Apartment
Materials
- Vinyl Siding
Condition
- Year built: 1918
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Separate elec meters, Separate gas meters, Sewer Included, Water Included
Community & HOA
Location
- Region: Madison
Financial & listing details
- Price per square foot: $220/sqft
- Tax assessed value: $476,100
- Annual tax amount: $8,791
- Date on market: 8/4/2026
- Listing terms: Arms Length
- Inclusions: All appliances, including but not limited to refrigerators, ranges/ovens, washers and dryers; all mechanical systems and equipment serving the Property; and all window coverings, including curtains, drapes, blinds, shades and associated hardware.
- Exclusions: Seller's and tenants' personal property.
- Total actual rent: 51600
Price history
| Date | Event | Price |
|---|---|---|
| 10/8/2026 | Sold | $485,000-2%$220/sqft |
Source: Public Record Report a problem | ||
| 8/7/2026 | Pending sale | $495,000$225/sqft |
Source: SCWMLS #2029613 Report a problem | ||
| 8/4/2026 | Listed for sale | $495,000+100.4%$225/sqft |
Source: SCWMLS #2029613 Report a problem | ||
| 11/21/2016 | Sold | $247,000$112/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $8,791 +2.8% | $476,100 +9% |
| 2024 | $8,550 +4% | $436,800 +7% |
| 2023 | $8,225 | $408,200 +8% |
| 2022 | -- | $378,000 +5% |
| 2021 | -- | $360,000 -3.3% |
| 2020 | -- | $372,100 +8% |
| 2019 | $7,311 | $344,500 +5% |
| 2018 | $7,311 +15.3% | $328,100 +19.2% |
| 2017 | $6,341 +12.5% | $275,200 +10% |
| 2016 | $5,636 -0.1% | $250,200 +6% |
| 2014 | $5,640 +9.5% | $236,000 +4% |
| 2013 | $5,151 -4.9% | $226,900 |
| 2012 | $5,415 +5.1% | $226,900 |
| 2011 | $5,151 +3.6% | $226,900 |
| 2010 | $4,972 +3.8% | $226,900 -4% |
| 2009 | $4,791 +0.7% | $236,400 -4% |
| 2008 | $4,757 -1.7% | $246,300 |
| 2007 | $4,839 +3.7% | $246,300 +4% |
| 2006 | $4,665 +2.4% | $236,800 +8% |
| 2005 | $4,558 -1% | $219,300 +6% |
| 2004 | $4,603 +11.3% | $206,900 |
| 2003 | $4,135 +8.7% | $206,900 +27.6% |
| 2002 | $3,805 -0.8% | $162,200 +4% |
| 2001 | $3,835 +8.8% | $156,000 +12% |
| 2000 | $3,525 | $139,300 |
Find assessor info on the county website
Neighborhood: Tenney-Lapham
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Nearby schools
GreatSchools rating
- NALapham Elementary SchoolGrades: PK-2Distance: 0.3 mi
- 8/10O'keeffe Middle SchoolGrades: 6-8Distance: 1 mi
- 8/10East High SchoolGrades: 9-12Distance: 1.5 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
$484,900
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Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$484,900
- Wisconsin
- Dane County
- Madison
- 53703
- Tenney-Lapham
- 828 E Dayton St
