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    Triplex with Front Decks Title is generated by Realmo AI

    554 W Mifflin Street, Madison, WI 53703

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    Claim this Listing
    For Sale
    $1,295,000

    MULTI_FAMILY - Madison, WI

    Lot size:
    0.05 Acres
    Added:
    Jun 10, 2026
    Days on Market:
    29
    Last Refresh:
    Jul 8 at 9:06 pm

    Property Features for 554 W Mifflin Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    Dr2
    Bedrooms
    9
    Bathrooms
    3
    Rooms
    Bedroom 5, Bathroom 1, Bedroom 1, Bathroom 2, Bedroom 2, Bedroom 9, Bedroom 3, Bedroom 6, Bedroom 4, Bathroom 3, Bedroom 7, Bedroom 8
    Appliances
    3
    Standard status
    Active
    APN
    0709-231-2426-1
    Lot size
    0.05 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    12341

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    1904
    Floors in Building
    3
    Number of units
    3

    We can help!

    Contact an agent
    Caleb Payne

    Listing agent Caleb Payne

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

    Listing date Jun 10, 2026

    MLS# 2023152 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

    • 3‑unit property in downtown Madison with 9 total bedrooms and forced‑air heating (year built 1904)
    • Each unit is leased through 08/2027 and includes a full kitchen, 3 bedrooms, 1 bathroom, and a living area
    • Updated basement features storage and laundry for tenants
    • 4 on‑site parking spaces provide additional on‑site income
    • Gross income reported as $108,900 for 2026–2027 (with several rents below market noted in remarks)
    • Tenant responsibilities include electricity, garbage/recycling, cleaning, and snow removal

    Overview

    This turn-key triplex includes three separate units with a total of nine bedrooms. Each unit offers a practical layout with a full kitchen, three bedrooms, one bathroom, and a comfortable living area. The property features full front decks and rear exit decks. Tenants also benefit from an updated basement with storage and laundry.

    The building is located in downtown Madison, WI, on W Mifflin Street. Public remarks note strong southern light and that the property is the closest house on Mifflin to campus. The asset also includes four on-site parking spaces.

    Each unit is leased through 08/2027, supporting steady occupancy for a new owner. Practical tenant in-place features include in-unit kitchens and basement storage and laundry. Per the lease structure described in the remarks, tenants are responsible for electricity, garbage/recycling, cleaning, and snow removal. The property is positioned for buyers seeking a turn-key, income-producing multifamily asset with parking on-site and decks on the front and rear.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    HVAC Service Daycare Center Electrical Service Building Supply Plumbing Service Furniture & Home Goods Carpet & Flooring Store (Bike/Boat/Book/etc) Store Home Appliance Store Big Box & Wholesale Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Madison
    County
    Dane
    State
    Wisconsin
    Longitude
    -89.393609
    Latitude
    43.069927

    FAQs

    What type of property is this?
    Triplex - Turn-key 3-unit triplex with leased units, updated basement amenities, and four on-site parking spaces.
    Where is this triplex located?
    The property is located at 554 W Mifflin Street Madison, WI.
    What is the asking price?
    The asking price for this property is $1,295,000.
    What are key features of this property?
    This property features: 3‑unit property in downtown Madison with 9 total bedrooms and forced‑air heating (year built 1904); Each unit is leased through 08/2027 and includes a full kitchen, 3 bedrooms, 1 bathroom, and a living area; Updated basement features storage and laundry for tenants
    More about this property
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