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Duplex with Basement Apartment
New
For Sale
$475,000

135 /137 Division St, Madison, WI 53704

The basement efficiency apartment has a private entrance and can be separated from the upper residence.

Property Size2 SF
Price / SF$237,500
Days on Market6

Property Features for 135 /137 Division St

General Information

Standard status Active
Size 2 SF
Property subtype Multi-Family

Building Details

Year Built 1926
Listing Agency: First Weber Inc
Listed By: Kyle Humphrey
Source: Soldinmadison
Added: Sep 30 Last Checked: Oct 4 at 1:28PM

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.

Built in 1926, this two-unit property pairs the original house with an efficiency apartment in the exposed basement. The lower unit was created in 2018 and has a private entrance. An interior staircase between the basement and upper level remains in place; access can be reopened by removing drywall and insulation in two areas.

The current owner has operated the property as an investment for 14 years. The two units can be used separately, or the basement connection can be restored for access between levels.

Key Highlights

  • Basement efficiency apartment created in 2018
  • Private entrance serves the lower unit
  • Interior staircase remains between the basement and upper level

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 - The basement efficiency apartment has a private entrance and can be separated from the upper residence.
Where is this duplex located?
The property is located at 135 /137 Division St 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 created in 2018; Private entrance serves the lower unit; Interior staircase remains between the basement and upper level
More about this property
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