Duplex with Walkout Lower
For Sale
$949,900
1002-1004 Severson Drive, Madison, WI 53718
Multi Family, Madison, WI
Property SizeContact for details
Lot Size0.51 Acres
Days on Market131
Property Features for 1002-1004 Severson Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R3
Bedrooms
8
Bathrooms
6
Full bathrooms
6
Rooms
Bathroom 4, Bedroom 6, Bedroom 7, Bedroom 8, Bedroom 5, Bathroom 2, Bathroom 6, Bedroom 1, Bathroom 1, Bedroom 4, Bathroom 3, Bathroom 5, Bedroom 3, Bedroom 2
Parking features
Open, Garage
Appliances
2
Elementary school
Call School District
Middle school
Sennett
High school
Lafollette
Elementary school district
Madison
Middle school district
Madison
High school district
Madison
Directions
Cottage Grove Road to South on Severson
Subdivision
MADISON - C E12
Standard status
Active
APN
0710-114-1701-3
Lot size
0.51 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
12789
Utilities
Heating system
Forced Air
Building Details
Year built
2005
Number of units
2
Listing Agency:
Realty Executives Cooper Spransy · Realty Executives International
(608) 661-7900
Listed By:
Jason Berning · License #84437-94
(608) 571-3906
Added: May 7
Changed: Sep 12
Last Checked: Sep 14 at 10:06AM
MLS# 2016361
Copyright © 2026 REALTORS® Association of South Central Wisconsin. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2005 duplex contains two occupied units, with each residence offering 4 bedrooms and 3 full bathrooms. Interior layouts include open living and dining areas, an additional lower-level living room, updated kitchens with stainless steel appliances, and private deck access. Main bedrooms include en-suite bathrooms with double vanities and walk-in closets.
Walkout lower levels open to a large backyard on a 0.51-acre corner lot. Parking includes open spaces and a garage, while forced-air heating serves the property. The R3-zoned property is located at 1002-1004 Severson Drive in Madison, Wisconsin. Showings require at least 24 hours’ notice because both units are occupied.
Walkout lower levels open to a large backyard on a 0.51-acre corner lot. Parking includes open spaces and a garage, while forced-air heating serves the property. The R3-zoned property is located at 1002-1004 Severson Drive in Madison, Wisconsin. Showings require at least 24 hours’ notice because both units are occupied.
Key Highlights
- Two‑unit duplex with 4 bedrooms and 3 full bathrooms per unit
- 0.51‑acre oversized corner lot with a large backyard
- Walkout lower levels and private decks for both units
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
215
Businesses Nearby
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Business Placement
Demographics for 53718, WI
17,034
Population
8,408
Households
2
Avg Household Size
37
Median Age
49%
College-Educated
96%
High-School Grad
20.8 sq mi
ZIP Area
819
Density / Sq Mi
$94,899
Median Household Income
$60,518
Median Earnings
$1,606
Median Rent
$328,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Two occupied units feature updated kitchens, private decks, and flexible lower-level living areas.
Where is this duplex located?
The property is located at 1002-1004 Severson Drive Madison, WI.
What is the asking price?
The asking price for this property is $949,900.
What are key features of this property?
This property features: Two‑unit duplex with 4 bedrooms and 3 full bathrooms per unit; 0.51‑acre oversized corner lot with a large backyard; Walkout lower levels and private decks for both units
