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Duplex with Basement Apartment
For Sale
$475,000

135/137 Division Street, Madison, WI 53704

A private basement entrance supports separate access to the efficiency apartment.

Property SizeContact for details
Days on Market8

Property Features for 135/137 Division Street

General Information

Standard status Active
Property subtype Residential Income

Taxes and HOA fees

Annual Taxes $10,713
Listing Agency: First Weber Inc
Listed By: Kyle Humphrey
Source: Exprealty
Added: Sep 28 Changed: Oct 3 Last Checked: Oct 4 at 4:04PM

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 First Weber Inc

Investment Insights

Based on property information with market context.

This duplex combines the original house with an efficiency apartment created in the exposed basement in 2018. A private entrance serves the lower unit, while the original staircase connecting the two levels remains in place. The basement has been used as a rental unit, or the interior connection can be restored by removing two sections of drywall and insulation.

The property is at 135/137 Division Street in Madison’s Atwood neighborhood. It has been operated as an investment property for 14 years.

Key Highlights

  • Basement efficiency apartment converted in 2018
  • Private entrance serves the basement apartment
  • Original staircase connecting the levels remains intact

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Law Firm Parking Lot & Garage (Bike/Boat/Book/etc) Store Accounting Firm Auto Parts Store HVAC Service

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

Location Intelligence

Trade Area within ½ mile

1,144
Businesses Nearby

Demographics for 53704, WI

47,066
Population
22,740
Households
2.1
Avg Household Size
38
Median Age
49%
College-Educated
96%
High-School Grad
21.9 sq mi
ZIP Area
2,149
Density / Sq Mi
$75,007
Median Household Income
$47,665
Median Earnings
$1,231
Median Rent
$289,000
Median Home Value

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 - A private basement entrance supports separate access to the efficiency apartment.
Where is this duplex located?
The property is located at 135/137 Division Street Madison, WI.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Basement efficiency apartment converted in 2018; Private entrance serves the basement apartment; Original staircase connecting the levels remains intact
More about this property
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