Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Two-Unit Duplex in Walkable Neighborhood Title is generated by Realmo AI

    307 S Baldwin Street, Madison, WI 53703

    View on Map
    Claim this Listing
    New
    For Sale
    $595,000

    2 flat-up and down - Madison, WI

    Lot size:
    0.05 Acres
    Added:
    May 29, 2026
    Days on Market:
    7
    Last Refresh:
    Jun 4 at 2:06 pm

    Property Features for 307 S Baldwin Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    TR-C4
    Bedrooms
    5
    Rooms
    Basement, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Laundry
    Basement Y/N
    1
    Appliances
    Dishwasher, Dryer
    Standard status
    Active
    APN
    0710-072-2517-3
    Lot size
    0.05 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    9409

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    1916
    Floors in Building
    2
    Number of units
    2
    Architectural style
    Other

    We can help!

    Listing Contact
    Jim Schuessler
    Jim Schuessler

    Listing agent Jim Schuessler

    Listing office Stark Company, REALTORS 1625 W Main St, Madison, WI

    Listing date May 29, 2026

    MLS# 2023895 Listing URL

    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.

    HighLights

    • Two‑flat in the Marquette neighborhood in the heart of the Willy St. area
    • Year built 1916 with character features including tall ceilings, maple hardwood floors, original wood trim, and large windows
    • Kitchens updated with dishwasher and microwave
    • Shared laundry in basement; includes basement and 5 bedrooms total across the home
    • Upper unit includes a 3rd bedroom on the 3rd floor and room to expand into semi‑finished attic space
    • New roof scheduled/installed May 2026

    Overview

    A two-unit duplex offers an up-and-down arrangement with strong original character throughout. Both units feature tall ceilings, maple hardwood floors, original wood trim, large windows, and front and back porches. Kitchens are updated with dishwashers and microwaves. A shared laundry area is located in the basement for convenient in-building use. The upper unit includes an additional 3rd bedroom on the third floor, along with room to expand into a semi-finished attic space.

    The property is located in the Marquette area near the Willy St. neighborhood, placing it within walking distance of a co-op, restaurants, shops, parks, bike path access, and bus stops. The setting is known for a vibrant community and summer festivals, which supports steady demand for residential rentals in the area.

    This configuration can appeal to owner-occupants looking to live in one unit while renting the other, as well as investors seeking a turnkey-feeling duplex with practical updates. With porches, spacious window light, and potential for expansion in the upper unit, the property is well suited for tenants who value character, layout, and neighborhood access. Showings begin Thursday, May 28.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Madison
    County
    Dane
    State
    Wisconsin
    Longitude
    -89.362927
    Latitude
    43.085063

    Nearby Similar for Sale

    • $1,299,000

      Modern Flex Industrial Building

      Versatile flex space with finished offices, overhead doors, and ample parking in a highly accessible Madison corridor.
      1225 Greenway Cross, Madison, WI 53713
      View Details
    • $1,400,000

      Turnkey Supper Club Restaurant Building

      Freestanding corner restaurant with onsite parking, monument signage, and included equipment—ideal for owner-operator or investment.
      1025 N Sherman Avenue, Madison, WI 53704
      View Details
    • $525,000

      Turn-Key Restaurant with Finished Basement

      Turn-key restaurant with included equipment and furniture, plus a finished basement suitable for expanded dining or events.
      2705 W Beltline Highway, Madison, WI 53713
      View Details
    • $699,900

      Multi-Use Restaurant and Retail Building

      Flexible commercial building with multiple entrances, kitchen, office space, and ample parking for a range of uses.
      2440 Perry Street, Madison, WI 53713
      View Details
    • $1,200,000
      5,880 SF

      6626 Watts Rd, Madison, WI

      West Madison location with flexible HC zoning and redevelopment potential.
      6626 Watts Rd, Madison, WI 53719
      View Details
    • $7,500,000

      Nearly New Mixed-Use Building

      2019-built mixed-use building currently configured for restaurant, daycare, and office uses with 64 underground parking stalls.
      2801 Marshall Court, Madison, WI 53705
      View Details
    • $720,000

      Side-by-Side Two-Story Duplex

      Updated duplex with a fresh lease on one side and strong combined rental income potential.
      2309/2311 McKenna Boulevard, Madison, WI 53711
      View Details
    • $1,600,000

      Historic Office Building in Madison

      Charming office building in downtown Madison near Lake Mendota.
      401 Wisconsin Avenue, Madison, WI 53703
      View Details
    • $1,099,900

      Stabilized 7-Unit Townhouse Apartment

      Well-maintained 7-unit building with long-term tenants, shared basement laundry, and rent upside through targeted repricing.
      3712-3724 Lien Road, Madison, WI 53704
      View Details
    • $949,900

      Side-by-Side Duplex Investment

      Well-maintained side-by-side duplex with updated kitchens, private decks, and walkout lower levels on an oversized corner lot.
      1002-1004 Severson Drive, Madison, WI 53718
      View Details
    • $1,345,000

      Turn-Key 3-Unit Residential Income

      Three leased units with full kitchens, decks, and on-site parking provide an income-focused downtown Madison investment.
      554 W Mifflin Street, Madison, WI 53703
      View Details
    • $649,900

      Side-by-Side Duplex With Garages

      Corner-lot duplex with townhouse-style layouts and two-car garages, offering privacy and flexible living or investment options.
      6934/6938 Chester Drive, Madison, WI 53719
      View Details

    FAQs

    What type of property is this?
    Duplex - Character-rich two-flat with updated kitchens, shared basement laundry, and porches in a highly walkable area.
    Where is this duplex located?
    The property is located at 307 S Baldwin Street Madison, WI.
    What is the asking price?
    The asking price for this property is $595,000.
    What are key features of this property?
    This property features: Two‑flat in the Marquette neighborhood in the heart of the Willy St. area; Year built 1916 with character features including tall ceilings, maple hardwood floors, original wood trim, and large windows; Kitchens updated with dishwasher and microwave
    (608) 445-0766
    We can help!
    Listing Contact
    Jim Schuessler
    Jim Schuessler
    Real Estate License ID: 63398-94
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    307 S Baldwin Street, Madison, WI 53703
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!