Active

$599,000

918 Magnolia Ln, Madison, WI 53713

8beds

2,574sqft

$4,972/mo

Get pre-qualified

Apartment

Built in 1960

-- sqft lot

$-- Zestimate^®

$233/sqft

$-- HOA

What's special

FULLY Occupied! Located on Madison’s South Side! This building is all-brick 4-unit offering immediate rental income and low-maintenance upkeep. All four units are already leased through 2027 with long term tenants. The entire building was insulated in 2022 with every unit having its own heating (all furnaces updated in 2022), one designated parking stall per unit (on street parking avaliable), tenants pays for their own electrical, 3 of the 4 units had the water heaters replaced in 2026), water lateral was replaced in 2023, and fully remodel unit 2. Don't miss the opportunity to own this gem.

--: on Zillow
190: views
8: saves

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 8
Bathrooms: 4
Full bathrooms: 4

Heating

Natural Gas, Forced Air, Individual Heat Control (Unit 1), Individual Heat Control (Unit 2), Individual Heat Control (Unit 3), Individual Heat Control (Unit 4)

Appliances

Included: Range/Oven (Unit 1), Refrigerator (Unit 1), Range/Oven (Unit 2), Refrigerator (Unit 2), Range/Oven (Unit 3), Refrigerator (Unit 3), Range/Oven (Unit 4), Refrigerator (Unit 4)

Features

Eat In Kitchen (Unit 1), Eat In Kitchen (Unit 2), Eat In Kitchen (Unit 3), Eat In Kitchen (Unit 4)
Basement: Full,Daylight,Storage Space

Interior area

Total structure area: 2,574
Total interior livable area: 2,574 sqft

Property

Parking

Total spaces: 4
Parking features: 1 space, Outside, Driveway, Off Street, Parking Lot, Paved, Common
Details: Outside

Features

Levels: Two

Lot

Size: 9,147 Square Feet
Features: Near Public Transit

Details

Parcel number: 070935205215
Zoning: SR-V1

Construction

Type & style

Home type: MultiFamily
Property subtype: Apartment

Materials

Brick
Foundation: Poured concrete foundatn

Condition

Year built: 1960

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: $233/sqft
Tax assessed value: $481,600
Annual tax amount: $8,894
Date on market: 10/28/2026
Inclusions: 4 refrigerators and 4 stoves
Exclusions: Seller's and Tenant's personal properties and window A/C units.
Total actual rent: 48000

Estimated market value

Not available

Estimated sales range

Not available

$2,374/mo

Price history

Date	Event	Price
10/28/2026	Listed for sale	$599,000+117.8%$233/sqft
Source: SCWMLS #2035487 Report a problem
4/5/2008	Listing removed	$275,000$107/sqft
Source: Keller Williams Realty #1464999 Report a problem
3/9/2008	Listed for sale	$275,000+4.2%$107/sqft
Source: Keller Williams Realty #1464999 Report a problem
7/28/2005	Sold	$264,000$103/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$8,894 +5.7%	$481,600 +12%
2024	$8,417 +7.1%	$430,000 +10.3%
2023	$7,858	$390,000 +15%
2022	--	$339,000 +14.9%
2021	--	$295,000 +15.2%
2020	--	$256,000 +4.9%
2019	$5,147	$244,000 +5.2%
2018	$5,147 +4.3%	$232,000 +7.9%
2017	$4,937 +6.3%	$215,000 +10.3%
2016	$4,643 -0.1%	$195,000
2014	$4,646 -16.9%	$195,000 -8.9%
2013	$5,592 +9.6%	$214,000
2012	$5,103 -6.4%	$214,000 -10.8%
2011	$5,453 +3.6%	$240,000
2010	$5,263 -1.5%	$240,000 -8.8%
2009	$5,342 +5%	$263,200
2008	$5,086 -1.6%	$263,200
2007	$5,171 -0.3%	$263,200
2006	$5,186 +6%	$263,200 +11.9%
2005	$4,891 +7.4%	$235,300 +15%
2004	$4,552 +7.5%	$204,600
2003	$4,235 +8.7%	$204,600 +23.2%
2002	$3,897 +6.9%	$166,100 +12%
2001	$3,646 +1%	$148,300 +4%
2000	$3,608	$142,600