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    1321-1323 S Thompson Dr Madison, WI 53716

    Under Contract
    For Sale
    $525,000

    Duplex-side by side - Madison, WI

    Lot size:
    0.36 Acres
    Days on Market:
    12
    Last Refresh:
    Dec 5 at 10:06 am

    Property Features for 1321-1323 S Thompson Dr

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active Under Contract
    Zoning
    SR-C3
    Rooms
    Basement, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    6
    APN
    0710-113-0533-3
    Parking
    2
    Parking features
    Garage
    Basement Y/N
    1
    Appliances
    Dishwasher, Dryer
    Lot size
    0.36 Acres

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    1980
    Number of units
    2
    Building materials
    Brick
    Architectural style
    Other

    Real Broker LLC (855) 450-0442 [email protected]

    Listing agent Dan Chin Homes Team (855) 450-0442

    Listing date Nov 24, 2025

    MLS# 2012546 Listing URL

    Copyright © 2025 South Central Wisconsin MLS Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Madison Duplex with Income Potential

    This well-maintained duplex is located in East Madison’s Sunrise Meadows neighborhood, offering proximity to parks and Elvehjem Elementary. The property features side-by-side units. One unit is vacant, while the other is rented month-to-month, providing immediate rental income or owner-occupancy possibilities. The current rent is below market value, suggesting upside potential. Each unit provides 1,278 square feet of living space, featuring an open layout, fireplace, attached one-car garage, and finished lower level. Spacious yards and private entrances enhance the livability of each unit. Separate utilities are already in place. The property, situated on a 0.361-acre lot, is zoned SR-C3. It is suitable for house hacking or as an addition to an investment portfolio, offering long-term income or short-term value-add opportunities. The property is a rare find with cash flow potential from day one in a desirable location.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Madison
    County
    Dane
    State
    Wisconsin
    Longitude
    -89.282953
    Latitude
    43.078929

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    FAQs

    What type of property is this?
    Duplex - Well-maintained duplex in East Madison with immediate income potential.
    Where is this duplex located?
    The property is located at 1321-1323 S Thompson Dr Madison, WI.
    What is the asking price?
    The asking price for this property is $525,000.
    What are key features of this property?
    This property features: - Immediate rental income or owner-occupancy possible with one vacant unit.; - Strong income upside with current rent below market value; estimated market rent $5,090 total/month.; - Desirable East Madison location in Sunrise Meadows, close to parks and Elvehjem Elementary.
    (855) 450-0442
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    1321-1323 S Thompson Dr Madison, WI 53716
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1321-1323 S Thompson Dr Madison, WI 53716
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