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For sale
Duplexes
WI
Madison
53703
508-510 W Mifflin Street

Two-Flat Investment Duplex

508-510 W Mifflin Street, Madison, WI 53703

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For Sale

$815,000

MULTI_FAMILY - Madison, WI

Lot size:

0.07 Acres

HighLights

Two‑flat investment property currently rented as a single house with one lease
Current lease rent $4,570/month; 2026/27 lease signed at $4,800/month
Parking income: 2 spots leased at $135/month each; 2026/27 lease includes 1 parking spot at $135/month
Tenants pay their own gas, electricity, and water utilities
Original wood floors and trim; new roof installed in 2022
Rented through 8/14/27; forced‑air heating; built in 1905

We can help!

Contact an agent

Caleb Payne

For Sale

$815,000

MULTI_FAMILY - Madison, WI

Lot size:

0.07 Acres

Added:: Apr 28, 2026
Days on Market:: 72
Last Refresh:: Jul 8 at 7:06 pm

Property Features for 508-510 W Mifflin Street

General Information

Property type: Residential Multi Family
Property subtype: Other
Zoning: Res
Bedrooms: 6
Bathrooms: 2
Rooms: Bedroom 5, Bathroom 1, Bedroom 1, Bathroom 2, Bedroom 2, Bedroom 3, Bedroom 6, Bedroom 4
Appliances: 2
Standard status: Active
APN: 0709-231-2441-9
Lot size: 0.07 Acres

Taxes and HOA fees

Tax Year: 2024
Tax Annual Amount: 8935

Utilities

Heating system: Forced Air

Building Details

Year built: 1905
Number of units: 2

We can help!

Contact an agent

Caleb Payne

Listing agent Caleb Payne

Listing office Madcityhomes.Com 629 Hilltop Dr, Madison, WI

Listing date Apr 28, 2026

MLS# 2018184 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 investment property currently rented as a single house with one lease
Current lease rent $4,570/month; 2026/27 lease signed at $4,800/month
Parking income: 2 spots leased at $135/month each; 2026/27 lease includes 1 parking spot at $135/month
Tenants pay their own gas, electricity, and water utilities
Original wood floors and trim; new roof installed in 2022
Rented through 8/14/27; forced‑air heating; built in 1905

Overview

This two-flat duplex offers a classic multi-unit layout with original wood floors and trim, and a new roof installed in 2022. The property is currently rented as a single house, supported by one lease. Additional income comes from leased parking spots, with two parking spaces currently leased at $135 per month each and a 2026/27 lease signed for $4,800 per month that includes one parking spot at $135 per month. Tenants are responsible for their own gas, electrical, and water utilities. The property is rented through 8/14/27, and a driveway easement agreement is on file.

Located in Madison, WI, the remarks describe the building as being in the heart of campus housing, aligning the tenancy with a rental-focused housing environment. The property’s residential zoning is listed as Res.

For investors or owner-occupants seeking a well-maintained duplex with an existing rental profile, this asset combines preserved interior character with a recent roof replacement. With current leasing already in place through mid-August 2027 and a signed 2026/27 lease, the property may appeal to buyers looking for an income-generating residential income asset where tenants cover core utilities and parking is separately leased.

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Local Demand

City: Madison
County: Dane
State: Wisconsin
Longitude: -89.392281
Latitude: 43.070852

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For sale
Duplexes
WI
Madison
53703
508-510 W Mifflin Street

What type of property is this?

Duplex - Duplex with original wood floors and a 2022 roof, currently rented with tenant-paid utilities and leased parking.

Where is this duplex located?

The property is located at 508-510 W Mifflin Street Madison, WI.

What is the asking price?

The asking price for this property is $815,000.

What are key features of this property?

This property features: Two‑flat investment property currently rented as a single house with one lease; Current lease rent $4,570/month; 2026/27 lease signed at $4,800/month; Parking income: 2 spots leased at $135/month each; 2026/27 lease includes 1 parking spot at $135/month

508-510 W Mifflin Street, Madison, WI 53703

MULTI_FAMILY - Madison, WI

Property Features for 508-510 W Mifflin Street

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Turnkey Restaurant With Bar Seating

6626 Watts Rd, Madison, WI

Well-Maintained 4-Unit Multifamily

Updated Duplex Investment

Stabilized 7-Unit Multifamily with New Roof

Townhouse-Style Duplex with Two Garages

Townhouse-Style Quadplex

Spacious Duplex with Private Decks

Victorian Five-Unit Apartment Building

Four-Unit Apartment Building

Historic Triplex with Detached Garage

Multifamily Building with Mixed Units

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