Offer-no show

$495,000

828 E Dayton St, Madison, WI 53703

6beds

2,200sqft

$4,109/mo

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Apartment

Built in 1918

-- sqft lot

$508,600 Zestimate^®

$225/sqft

$-- HOA

What's special

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.

--: on Zillow
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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: $225/sqft
Tax assessed value: $476,100
Annual tax amount: $8,791
Date on market: 8/4/2026
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

Estimated market value

$508,600

$483,000 - $534,000

$2,221/mo

Price history

Date	Event	Price
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
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