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Two-Flat Duplex with Bay Windows
For Sale
$625,000

1010 E Gorham Street, Madison, WI 53703

Multi Family, Madison, WI

Property SizeContact for details
Lot Size0.08 Acres
Days on Market47

Property Features for 1010 E Gorham Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning TR-C4
Bedrooms 5
Bathrooms 2
Full bathrooms 2
Rooms Bathroom 2, Bathroom 1, Bedroom 4, Bedroom 3, Bedroom 5, Bedroom 2, Bedroom 1
Appliances 2
Subdivision Tenney - Lapham
Elementary school Lapham/Marquette
Middle school OKeeffe
High school East
Elementary school district Madison
Middle school district Madison
High school district Madison
Directions E Gorham St between Brearly and Ingersoll
Standard status Active
APN 0709-132-0214-2
Lot size 0.08 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 9528

Utilities

Heating system Forced Air

Building Details

Year built 1900
Number of units 2
Listing Agency: Realty Executives Cooper Spransy · Realty Executives International
Listed By: Lane Manning
Added: Jul 15 Changed: Aug 26 Last Checked: Aug 30 at 4:06AM
MLS# 2022385

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.

Built in 1900, this two-unit residence includes a main-level apartment with two bedrooms and one bathroom, plus an upper residence spanning the second and third floors. The upper unit provides two bedrooms, one bathroom, and an additional nonconforming bedroom or flexible-use room. Original interior details include woodwork, hardwood floors, bay windows, and pocket doors. Forced-air heating serves the property, which is situated on a 0.08-acre lot and carries TR-C4 zoning.

The property is located one block from Giddings Park and within walking distance of James Madison Park, Tenney Park with its boat launch, and Johnson Street shopping and dining. Capitol Square is approximately two miles away. A new roof and partial siding replacement are scheduled for completion before closing.

Key Highlights

  • Two‑unit property with a 2‑bedroom main‑floor apartment
  • Upper residence covers the second and third floors
  • Upper unit includes 2 bedrooms, 1 bathroom, and a nonconforming bedroom or flex space

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Daycare Center HVAC Service (Bike/Boat/Book/etc) Store Locksmith Home Appliance Store Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

1,200
Businesses Nearby

Demographics for 53703, WI

38,512
Population
21,025
Households
1.8
Avg Household Size
27
Median Age
69%
College-Educated
98%
High-School Grad
1.8 sq mi
ZIP Area
21,396
Density / Sq Mi
$46,618
Median Household Income
$27,923
Median Earnings
$1,445
Median Rent
$472,000
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Historic Madison property with two residential units and a remodeled upper-level residence.
Where is this duplex located?
The property is located at 1010 E Gorham Street Madison, WI.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Two‑unit property with a 2‑bedroom main‑floor apartment; Upper residence covers the second and third floors; Upper unit includes 2 bedrooms, 1 bathroom, and a nonconforming bedroom or flex space
More about this property
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