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Two-Unit Duplex with Attached Garages
New
For Sale
$525,000

1302-1304 S Thompson Drive, Madison, WI 53716

Multi Family, Madison, WI

Property SizeContact for details
Lot Size0.26 Acres
Days on Market2

Property Features for 1302-1304 S Thompson Drive

General Information

Property type Residential Multi Family
Property subtype Other
Zoning SR C3
Bedrooms 5
Bathrooms 4
Full bathrooms 4
Rooms Bedroom 3, Bedroom 5, Bedroom 4, Bathroom 3, Bedroom 2, Bathroom 2, Bathroom 4, Bedroom 1, Bathroom 1
Parking features Garage
Appliances 2
Elementary school Elvehjem
Middle school Sennett
High school Lafollette
Elementary school district Madison
Middle school district Madison
High school district Madison
Directions Stoughton Rd, to Cottage Grove Rd, to Thompson Dr.
Subdivision MADISON - C E12
Standard status Active
APN 0710-113-0320-4
Lot size 0.26 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 9300

Utilities

Heating system Forced Air

Building Details

Year built 1985
Number of units 2
Listing Agency: Madison Property Management, Inc.
Listed By: Jim Stopple · License #9012003
Added: Oct 15 Changed: Oct 16 Last Checked: Oct 16 at 8:06PM
MLS# 2034726

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 1985, this duplex contains two separately configured residences. The 1,528-square-foot unit has three bedrooms, two bathrooms, a kitchen, dining and living rooms, a den, and an attached one-car garage. The second unit measures 1,094 square feet and includes two bedrooms, two bathrooms, a kitchen, dining and living rooms, and a one-car garage. Forced-air heating serves the property.

The 0.26-acre property is on Madison’s east side, just off Cottage Grove Road. Both units are fully leased to long-term tenants, who pay all utilities.

Key Highlights

  • Two‑unit duplex on a 0.26‑acre lot
  • Unit 1302: 1,528 square feet, three bedrooms, two bathrooms, den, and attached one‑car garage
  • Unit 1304: 1,094 square feet, two bedrooms, two bathrooms, and one‑car garage

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Law Firm Hair Salon Spa & Massage Center Real Estate Agency Restaurant Auto Repair Shop

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
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

194
Businesses Nearby

Demographics for 53716, WI

19,105
Population
8,668
Households
2.2
Avg Household Size
43
Median Age
51%
College-Educated
96%
High-School Grad
6.3 sq mi
ZIP Area
3,033
Density / Sq Mi
$89,225
Median Household Income
$52,338
Median Earnings
$1,264
Median Rent
$325,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Duplex - Two residences provide separate living areas, kitchens, and one-car garage parking for each unit.
Where is this duplex located?
The property is located at 1302-1304 S Thompson Drive Madison, WI.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Two‑unit duplex on a 0.26‑acre lot; Unit 1302: 1,528 square feet, three bedrooms, two bathrooms, den, and attached one‑car garage; Unit 1304: 1,094 square feet, two bedrooms, two bathrooms, and one‑car garage
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