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Three-Unit Apartment Building
For Sale
$444,000

24 S 2nd Street, Madison, WI 53704

Multi Family, Madison, WI

Property SizeContact for details
Lot Size0.09 Acres
Days on Market54

Property Features for 24 S 2nd Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning TR-V1
Bedrooms 2
Bathrooms 3
Full bathrooms 3
Rooms Bathroom 1, Bedroom 1, Bathroom 3, Bathroom 2, Bedroom 2
Appliances 3
Elementary school Lapham/Marquette
Middle school OKeeffe
High school East
Elementary school district Madison
Middle school district Madison
High school district Madison
Directions Atwood Ave, to S. Second St.
Subdivision MADISON - C E05
Standard status Active
APN 0710-063-1240-0
Lot size 0.09 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 7914

Building Details

Year built 1909
Floors in Building 2
Number of units 3
Listing Agency: Madison Property Management, Inc.
Listed By: Jim Stopple · License #9012003
Added: Jul 15 Changed: Sep 2 Last Checked: Sep 6 at 11:06PM
MLS# 2026408

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 1909 triplex contains three residential units. The first two apartments each offer 825 square feet, one bedroom, and one full bathroom. The third residence is a studio with one full bathroom. Units 2 and 3 are leased through July 31, 2027. A detached two-car garage serves the property, with additional parking available along the city side street.

The building is located at the intersection of E. Main St. and Second St., one block from Atwood Ave. Downtown Madison is approximately 2 miles away, and local restaurants are within walking distance. The property is identified with TR-V1 zoning and occupies 0.09 acres.

Key Highlights

  • Three‑unit apartment property built in 1909
  • Two 825‑square‑foot, one‑bedroom units with one full bathroom each
  • Studio unit with one full bathroom

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Law Firm HVAC Service Parking Lot & Garage (Bike/Boat/Book/etc) Store Auto Parts Store Building Supply

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

3
Residential units
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

1,172
Businesses Nearby

Demographics for 53704, WI

47,066
Population
22,740
Households
2.1
Avg Household Size
38
Median Age
49%
College-Educated
96%
High-School Grad
21.9 sq mi
ZIP Area
2,149
Density / Sq Mi
$75,007
Median Household Income
$47,665
Median Earnings
$1,231
Median Rent
$289,000
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?
Triplex - Two apartments are leased through July 31, 2027, while the property includes a studio residence.
Where is this triplex located?
The property is located at 24 S 2nd Street Madison, WI.
What is the asking price?
The asking price for this property is $444,000.
What are key features of this property?
This property features: Three‑unit apartment property built in 1909; Two 825‑square‑foot, one‑bedroom units with one full bathroom each; Studio unit with one full bathroom
More about this property
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