554 W Mifflin Street, Madison, WI 53703 | MLS #2023152 | First Weber
  

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Listing provided courtesy of Madcityhomes.Com- MLS# 2023152MLS ProviderContact Information: [email protected]

554 W Mifflin StreetMadison, WI 53703

Multi-Family · 0.05 Acres
$1,295,000 Active

554 W Mifflin Street Overview

Time on Site:
47 days
Visits:
7

An exceptional opportunity in downtown Madison, WI, this 3-unit, 9-bedroom is the closest house on Mifflin to campus with great southern light, full front decks, and rear exit decks. Each unit in this turn-key property is leased thru 08/2027 and offers a spacious and practical layout, including a full kitchen, three bedrooms, one bathroom, and a comfortable living area. Tenants appreciate the updated basement with storage and laundry. Additional income is generated through four on-site parking spaces. Tenants are responsible for electricity, garbage/recycling, cleaning, and snow removal. With gross income of $108,900 for 2026/2027 and several rents below market, a new buyer has the potential to earn an even greater return on their investment through future lease adjustments.

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554 W Mifflin Street Facts & Features

  • Type Multi-Family
  • Lot 0.05 Acres

Details

General

School Information

  • Elementary School: Franklin/Randall
  • Middle Or Junior School: Hamilton
  • High School: West

Building Information

  • Water/Waste: Municipal sewer, Municipal water
  • Year Built: 1904

Location/Region

  • County Or Parish: Dane
  • Location: MADISON - C W01
  • Postal City: Madison

Rent/Lease Information

  • Unit 2 Monthly Rent: $2,925.00
  • Unit 3 Monthly Rent: $2,825.00

Tax Information

  • Tax Annual Amount: $12,341.00
  • Tax Assessed Value: $909,000.00
  • Tax Year: 2025

General Information

  • Exclusions: window AC units
  • Inclusions: 3 refrigerators, 3 ranges, 1 dishwasher, washer, dryer
  • Parcel Number: 0709-231-2426-1
  • Property Type: Multi Family
  • Sub-Type: 3 story
  • Zoning: Dr2

Unit Information

  • Unit 1: Family/Rec rm, Eat-in kitchen, Range/oven, Refrigerator, Wood or sim. wood floor
  • Unit 2: Family/Rec rm, Eat-in kitchen, Range/oven, Refrigerator, Wood or sim. wood floor
  • Unit 3: Family/Rec rm, Eat-in kitchen, Range/oven, Refrigerator, Wood or sim. wood floor

Interior

Building Information

  • # Furnaces: 1
  • Heating Fuel: Natural Gas

Beds/Baths

  • Number of 2 Bedrooms: 0

Building Interior

  • # Stoves: 3
  • # Water Heaters: 1

General Information

  • Basement: Full, Other foundation

Unit Information

  • Unit 1 Monthly Rent: $2,925.00
  • Unit 2 Parking: 1 Space
  • Unit 3 Parking: 1 Space
  • Unit 1 Parking: 1 Space
  • Unit 1 # Bedrooms: 3
  • Unit 2 # Bedrooms: 3
  • Unit 3 # Bedrooms: 3
  • Unit 1 Full Baths: 1
  • Unit 1 Half Baths: 0
  • Unit 2 Full Baths: 1
  • Unit 2 Half Baths: 0
  • Unit 3 Full Baths: 1
  • Unit 3 Half Baths: 0
  • Unit 1 Primary Bedroom Level: M
  • Unit 1 Primary Bedroom Dimension: 11x10
  • Unit 1 Kitchen Level: M
  • Unit 1 Kitchen Dimension: 13x11
  • Unit 1 Living/Great Room Level: M
  • Unit 1 Living/Great Room Dimension: 12x11
  • Unit 2 Primary Bedroom Level: U
  • Unit 2 Primary Bedroom Dimension: 11x10
  • Unit 2 Kitchen Level: U
  • Unit 2 Kitchen Dimension: 13x11
  • Unit 2 Living/Great Room Level: U
  • Unit 2 Living/Great Room Dimension: 12x11

Exterior

Parking Information

  • Parking Stalls Inside: 0

Building Exterior/Construction

  • Construction Materials: Vinyl

General Information

  • Number Of Units Total: 3
  • Utilities: Separate elec meters

554 W Mifflin Street Neighborhood

Community

53703 (Madison) Demographics

25
Median Age
19,375
Population Density (per sq. mile)
75%
College Educated
$42,153
Estimated Median Income
2,529
Estimated Total Home Owners
15,022
Estimated Total Renters
14% / 86%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

554 W Mifflin Street Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

554 W Mifflin Street Market Data

Based on the last 30 days in this zip code

$671,010
Average List Price
$477
Average Price per Square Foot
21
Properties Sold
50
Average Days on Market
59
Properties for Sale
Calculations provided by Reliance Network

554 W Mifflin Street History

Date Event Value Agent
6/10/2026Source: South Central Wisconsin MLS Price Reduction
$1,295,000 -3.7%
5/13/2026Source: South Central Wisconsin MLS Added to Database
May 13, 2026
8/22/2025Source: South Central Wisconsin MLS Status Change
Sold
7/31/2025Source: South Central Wisconsin MLS Added to Database
July 02, 2025
7/31/2025Source: South Central Wisconsin MLS Status Change
Offer-No Show