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Two-Flat Duplex Property
For Sale
Under Contract
$815,000

508-510 W Mifflin Street, Madison, WI 53703

Multi Family, Madison, WI

Property SizeContact for details
Lot Size0.07 Acres
Days on Market40

Property Features for 508-510 W Mifflin Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning Res
Bedrooms 6
Bathrooms 2
Full bathrooms 2
Rooms Bathroom 2, Bedroom 4, Bedroom 6, Bedroom 3, Bedroom 2, Bedroom 1, Bathroom 1, Bedroom 5
Appliances 2
Elementary school Franklin/Randall
Middle school Hamilton
High school West
Elementary school district Madison
Middle school district Madison
High school district Madison
Directions W Washington to N Bedford to Mifflin
Subdivision MADISON - C W01
Standard status Active Under Contract
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
Listing Agency: Madcityhomes.Com
Listed By: Caleb Payne · License #9313994
Added: Jul 15 Changed: Aug 20 Last Checked: Aug 23 at 2:06PM
MLS# 2018184

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 1905-built duplex is configured with six bedrooms and two bathrooms across a flexible two-flat layout. The property is currently occupied as a single residence under one lease, while original wood floors and trim preserve the building’s established character. Forced-air heating serves the home, and the roof was replaced in 2022.

The property occupies a 0.07-acre lot in Madison’s campus housing area and includes two parking spots. A driveway easement agreement is on file. The current tenancy extends through 8/14/27, and tenants pay their own gas, electrical, and water utilities. Zoning is Res.

Key Highlights

  • Six‑bedroom, two‑bathroom duplex on a 0.07‑acre lot
  • 1905 construction with original wood floors and trim
  • Roof replacement completed in 2022

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick HVAC Service Daycare Center Furniture & Home Goods (Bike/Boat/Book/etc) Store Electrical Service Plumbing Service

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
Single-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

5,624
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
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Frequently Asked Questions

What type of property is this?
Duplex - Madison residence with original woodwork, flexible occupancy, and a 2022 roof replacement.
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: Six‑bedroom, two‑bathroom duplex on a 0.07‑acre lot; 1905 construction with original wood floors and trim; Roof replacement completed in 2022
More about this property
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