Two-Unit
For Sale
$525,000
1302-1304 S Thompson Drive, Madison, WI 53716
The two leased residences have separate one-car garages, and tenants pay all utilities.
Property SizeContact for details
Days on Market10
Property Features for 1302-1304 S Thompson Drive
General Information
Standard status
Active
Property subtype
Multi Family Home
Zoning
SR C3
Occupancy
100%
Site & Location
Neighborhood
Elvehjem Neighborhood Association
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/2BA
Multifamily Units
2
Additional Details
Gross Income
$45,000
Tenant in Place
Yes
Building Details
Year Built
1985
Buildings
1
Units
2
Listing Agency:
Madison Property Management, Inc.
(608) 251-8777
Listed By:
Jim Stopple · License #9012003
(608) 268-4912
Source:
Geigerrealtors
Added: Oct 15
Changed: Oct 23
Last Checked: Oct 23 at 2:12PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Madison Property Management, Inc.
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Investment Insights
Based on property information with market context.
Built in 1985, this duplex contains two residences with different bedroom counts and layouts. The home at 1302 offers 1,528 square feet, three bedrooms, two bathrooms, a kitchen, dining and living rooms, a den, and an attached one-car garage. The 1304 residence has 1,094 square feet, two bedrooms, two bathrooms, a kitchen, dining and living rooms, and a one-car garage.
Both units are leased, with tenants responsible for all utilities. The property is on Madison’s east side near Cottage Grove Road and is zoned SR C3.
Both units are leased, with tenants responsible for all utilities. The property is on Madison’s east side near Cottage Grove Road and is zoned SR C3.
Key Highlights
- Two leased units; tenants pay all utilities
- 1302: 1,528 square feet, 3 bedrooms, 2 bathrooms, den, and attached 1‑car garage
- 1304: 1,094 square feet, 2 bedrooms, 2 bathrooms, and 1‑car garage
Property Analytics
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
194
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - The two leased residences have separate one-car garages, and tenants pay all utilities.
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 leased units; tenants pay all utilities; 1302: 1,528 square feet, 3 bedrooms, 2 bathrooms, den, and attached 1‑car garage; 1304: 1,094 square feet, 2 bedrooms, 2 bathrooms, and 1‑car garage
