Downtown Madison Triplex
554 W Mifflin Street, Madison, WI 53703
New
- Added:
- May 13, 2026
- Days on Market:
- 6
- Last Refresh:
- May 18 at 11:06 am
Property Features for 554 W Mifflin Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Dr2
- Bedrooms
- 9
- Rooms
- Basement, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
- Parking
- 3
- Basement Y/N
- 1
- Appliances
- Dishwasher, Dryer
- 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
- Architectural style
- Other
Listing agent Caleb Payne (608) 556-0033
Listing office Madcityhomes.Com 629 Hilltop Dr, Madison, WI (608) 438-3150
Listing date May 13, 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
- Prime Location: Closest house on Mifflin to campus in downtown Madison.
- Strong Income Potential: $108,900 gross income for 2026/2027 with below‑market rents offering future upside.
- Fully Leased: Turn‑key property with all units leased through August 2027.
- Multi‑Unit Property: 3‑unit, 9‑bedroom configuration.
- Desirable Amenities: Includes full kitchens, updated basement with storage and laundry, and on‑site parking.
- Outdoor Space: Features full front decks and rear exit decks.
Overview
Located in downtown Madison, Wisconsin, this three-unit property features a total of nine bedrooms. The property is the closest house on Mifflin Street to the campus and benefits from southern exposure, front decks, and rear exit decks. Each unit includes a full kitchen, three bedrooms, one bathroom, and a living area. Leases are in place through August 2027. The updated basement provides storage and laundry facilities. Additional income is generated from four on-site parking spaces. Tenants are responsible for electricity, garbage/recycling, cleaning, and snow removal. The gross income is $108,900 for 2026/2027, and there is potential for increased returns through future lease adjustments, as some rents are currently below market. The lot size is 0.05 acres.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- Madison
- County
- Dane
- State
- Wisconsin
- Longitude
- -89.393609
- Latitude
- 43.069927
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Three-unit property near campus with leases through August 2027.
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 $1,345,000.
What are key features of this property?
This property features: Prime Location: Closest house on Mifflin to campus in downtown Madison.; Strong Income Potential: $108,900 gross income for 2026/2027 with below‑market rents offering future upside.; Fully Leased: Turn‑key property with all units leased through August 2027.
