Duplex with Private
For Sale
$949,900
1002-1004 Severson Drive, Madison, WI 53718
Multi Family, Madison, WI
Property SizeContact for details
Lot Size0.51 Acres
Days on Market137
Property Features for 1002-1004 Severson Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R3
Bedrooms
8
Bathrooms
6
Full bathrooms
6
Rooms
Bathroom 3, Bedroom 3, Bathroom 6, Bedroom 1, Bathroom 2, Bathroom 5, Bedroom 7, Bedroom 2, Bedroom 6, Bedroom 4, Bathroom 4, Bedroom 5, Bedroom 8, Bathroom 1
Parking features
Open, Garage
Appliances
2
Elementary school
Call School District
Middle school
Sennett
High school
Lafollette
Elementary school district
Madison
Middle school district
Madison
High school district
Madison
Directions
Cottage Grove Road to South on Severson
Subdivision
MADISON - C E12
Standard status
Active
APN
0710-114-1701-3
Lot size
0.51 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
12789
Utilities
Heating system
Forced Air
Amenities
private decks
walkout lower levels
large backyard
oversized corner lot
updated kitchens
stainless steel appliances
Building Details
Year built
2005
Number of units
2
Listing Agency:
Realty Executives Cooper Spransy · Realty Executives International
(608) 661-7900
Listed By:
Jason Berning · License #84437-94
(608) 571-3906
Added: May 7
Changed: Sep 16
Last Checked: Sep 20 at 6:06AM
MLS# 2016361
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.
Built in 2005, this R3-zoned duplex contains two residences, each with 4 bedrooms and 3 full bathrooms. Both layouts include open living and dining areas, a second living room on the lower level, an en-suite bedroom with double vanities and walk-in closets, and a kitchen equipped with stainless steel appliances. Private decks extend each unit’s usable space, while walkout lower levels connect to the backyard.
The property occupies a 0.51-acre oversized corner lot on Madison’s East Side. Parking includes open spaces and a garage, with forced-air heating serving the building. Both units are currently occupied; showings require at least 24 hours’ notice. Recent improvements include newer carpet and wood/laminate flooring.
The property occupies a 0.51-acre oversized corner lot on Madison’s East Side. Parking includes open spaces and a garage, with forced-air heating serving the building. Both units are currently occupied; showings require at least 24 hours’ notice. Recent improvements include newer carpet and wood/laminate flooring.
Key Highlights
- Two‑unit duplex on a 0.51‑acre oversized corner lot
- Each unit has 4 bedrooms and 3 full bathrooms
- Both residences include private decks and walkout lower levels
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
215
Businesses Nearby
Explore this area
Business Placement
Demographics for 53718, WI
17,034
Population
8,408
Households
2
Avg Household Size
37
Median Age
49%
College-Educated
96%
High-School Grad
20.8 sq mi
ZIP Area
819
Density / Sq Mi
$94,899
Median Household Income
$60,518
Median Earnings
$1,606
Median Rent
$328,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two residences offer updated kitchens, lower-level living space, and outdoor access.
Where is this duplex located?
The property is located at 1002-1004 Severson Drive Madison, WI.
What is the asking price?
The asking price for this property is $949,900.
What are key features of this property?
This property features: Two‑unit duplex on a 0.51‑acre oversized corner lot; Each unit has 4 bedrooms and 3 full bathrooms; Both residences include private decks and walkout lower levels
