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Duplex with Bay Windows
For Sale
$625,000

1010 E Gorham Street, Madison, WI 53703

Multi Family, Madison, WI

Property SizeContact for details
Lot Size0.08 Acres
Days on Market92

Property Features for 1010 E Gorham Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning TR-C4
Bedrooms 5
Bathrooms 2
Full bathrooms 2
Rooms Bathroom 2, Bedroom 2, Bedroom 3, Bedroom 5, Bathroom 1, Bedroom 1, Bedroom 4
Appliances 2
Subdivision Tenney - Lapham
Elementary school Lapham/Marquette
Middle school OKeeffe
High school East
Elementary school district Madison
Middle school district Madison
High school district Madison
Directions E Gorham St between Brearly and Ingersoll
Standard status Active
APN 0709-132-0214-2
Lot size 0.08 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 9528

Utilities

Heating system Forced Air

Building Details

Year built 1900
Number of units 2
Listing Agency: Realty Executives Cooper Spransy · Realty Executives International
Listed By: Lane Manning
Added: Jul 15 Changed: Oct 7 Last Checked: Oct 14 at 3:06AM
MLS# 2022385

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 1900, this duplex contains a main-floor apartment with 2 bedrooms and 1 bathroom, plus an upper residence spanning the second and third floors. The upper unit has 2 bedrooms, 1 bathroom, and an additional nonconforming bedroom or flex area. Its interior has been remodeled, while original woodwork, hardwood floors, bay windows, and pocket doors remain. The property sits on a 0.08-acre lot and is heated by forced air; zoning is TR-C4. A new roof and partial siding replacement are planned for completion before closing.

Giddings Park is one block away. James Madison Park, Tenney Park, and shopping and dining on Johnson Street are within walking distance, while Capitol Square is 2 miles away.

Key Highlights

  • Two‑unit property with a 2‑bedroom, 1‑bath main‑floor apartment
  • Upper unit spans the second and third floors, with 2 bedrooms, 1 bath, and a nonconforming third bedroom or flex area
  • 0.08‑acre lot; zoned TR‑C4

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Daycare Center HVAC Service (Bike/Boat/Book/etc) Store Locksmith Home Appliance Store Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

1,200
Businesses Nearby

Demographics for 53703, WI

38,512
Population
21,025
Households
1.8
Avg Household Size
27
Median Age
69%
College-Educated
98%
High-School Grad
1.8 sq mi
ZIP Area
21,396
Density / Sq Mi
$46,618
Median Household Income
$27,923
Median Earnings
$1,445
Median Rent
$472,000
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

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Two residential units include a remodeled upper residence and a main-floor two-bedroom layout.
Where is this duplex located?
The property is located at 1010 E Gorham Street Madison, WI.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Two‑unit property with a 2‑bedroom, 1‑bath main‑floor apartment; Upper unit spans the second and third floors, with 2 bedrooms, 1 bath, and a nonconforming third bedroom or flex area; 0.08‑acre lot; zoned TR‑C4
More about this property
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