Eight-Bedroom 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 Market182
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
Bedroom 8, Bathroom 4, Bedroom 4, Bathroom 2, Bedroom 3, Bedroom 6, Bedroom 1, Bedroom 5, Bedroom 2, Bedroom 7, Bathroom 5, Bathroom 6, Bathroom 1, Bathroom 3
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
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
12789
Utilities
Heating system
Forced Air
Amenities
private decks
large backyard
walkout lower levels
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: Nov 4
Last Checked: Nov 4 at 10:06AM
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.
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Investment Insights
Based on property information with market context.
Built in 2005, this R3-zoned duplex contains two residences, each with four bedrooms and three full bathrooms. Both homes have open living and dining areas, plus a second living room on the lower level. Updated kitchens are equipped with stainless steel appliances, and each residence has a private deck. The main bedrooms include en-suite bathrooms, double vanities, and walk-in closets. Forced-air heating serves the property.
The walkout lower levels open to a large backyard on a 0.51-acre corner lot. Parking includes open spaces and a garage. Both residences are occupied.
The walkout lower levels open to a large backyard on a 0.51-acre corner lot. Parking includes open spaces and a garage. Both residences are occupied.
Key Highlights
- Two residences, each with 4 bedrooms and 3 full bathrooms
- 0.51‑acre corner lot with a large backyard
- Private deck and updated kitchen in each residence
Property Analytics
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Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
215
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence includes an updated kitchen, a lower-level living area, and a walkout to the yard.
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 residences, each with 4 bedrooms and 3 full bathrooms; 0.51‑acre corner lot with a large backyard; Private deck and updated kitchen in each residence
