$420,000
$439,900
4.5%For more information regarding the value of a property, please contact us for a free consultation.
902-904 E Gorham Street Madison, WI 53703
3,484 Sqft Lot
Key Details
Sold Price $420,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 1999651
Sold Date 06/12/25
Year Built 1914
Annual Tax Amount $6,693
Tax Year 2023
Lot Size 3,484 Sqft
Acres 0.08
Property Description
Downtown Madison 2-unit investment opportunity! Main level: 1BR/1Bth, spacious kitchen & large living room. 2nd floor: 2BR/1Bth, newly remodeled bathroom, generous living room, eat-in kitchen. Shared laundry in basement, 3 parking spots in rear - not common in this area! Directly on bus route w/ shelter, perfect for public transit users. Rents include all utilities, significantly below market - serious upside to increase rents or bill back utilities. Exterior needs some TLC, but prime location & parking have always ensured quick rentals. Huge unfinished walk-up attic offers expansion potential. Ideal for investors to grow portfolio, start in downtown Madison, or owner-occupy one unit & rent the other.
Location
State WI
County Dane
Zoning TR-C4
Rooms
Basement Full
Interior
Interior Features Water Softener, High Speed Internet
Heating Natural Gas
Cooling Radiant/Electric
Exterior
Exterior Feature Wood
Building
Sewer Municipal Water, Municipal Sewer
New Construction N
Schools
Elementary Schools Lapham/Marquette
Middle Schools Okeeffe
High Schools East
School District Madison
Others
Special Listing Condition Arms Length
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Bought with Stark Company, REALTORS
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