Duplex with Private Decks and
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 Market91
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 4, Bathroom 6, Bedroom 2, Bedroom 7, Bathroom 5, Bathroom 1, Bedroom 1, Bedroom 4, Bathroom 2, Bedroom 6, Bathroom 3, Bedroom 3, Bedroom 8, Bedroom 5
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
large backyard
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: Aug 5
Last Checked: Aug 5 at 3:06PM
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.
This well-maintained duplex offers two matching homes, each with four bedrooms and three full bathrooms. Primary bedrooms include a private en-suite with double vanities and walk-in closets. The main level features open-concept living and dining areas, and the lower level adds a second living room for extra flexibility. Updated kitchens include stainless steel appliances, and both sides have access to private decks. Walkout lower levels lead to a large backyard on an oversized corner lot. Recent updates include newer carpet and wood/laminate flooring. Forced-air heating and parking options include a garage and open parking.
The property is zoned R3 and was built in 2005. The lot size is 0.51 acres. Both units are currently occupied, so showings require at least 24 hours notice.
The configuration supports a range of living or rental setups, with each side offering substantial bedroom and full-bath count alongside usable indoor and outdoor living space.
The property is zoned R3 and was built in 2005. The lot size is 0.51 acres. Both units are currently occupied, so showings require at least 24 hours notice.
The configuration supports a range of living or rental setups, with each side offering substantial bedroom and full-bath count alongside usable indoor and outdoor living space.
Key Highlights
- Two‑unit duplex on an oversized corner lot with walkout lower levels to a large backyard
- 0.51‑acre lot size, zoned R3
- Built in 2005 with forced‑air heating
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained R3 duplex with updated kitchens, private decks, and walkout lower levels leading to a large backyard.
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 an oversized corner lot with walkout lower levels to a large backyard; 0.51‑acre lot size, zoned R3; Built in 2005 with forced‑air heating
