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Vintage Duplex with Updated Systems
For Sale
$430,000

2021 Carey Court, Madison, WI 53704

Multi Family, Madison, WI

Property SizeContact for details
Lot Size0.07 Acres
Days on Market54

Property Features for 2021 Carey Court

General Information

Property type Residential Multi Family
Property subtype Other
Zoning TR-V1
Bedrooms 2
Bathrooms 3
Full bathrooms 3
Rooms Bedroom 2, Bathroom 3, Bathroom 2, Bedroom 1, Bathroom 1
Appliances 3
Subdivision Emerson
Elementary school Emerson
Middle school Sherman
High school East
Elementary school district Madison
Middle school district Madison
High school district Madison
Directions E Washington to N on 2nd Street, R on Carey Court
Standard status Active
APN 0710-063-0622-1
Lot size 0.07 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 7333

Utilities

Heating system Forced Air

Building Details

Year built 1939
Floors in Building 2
Number of units 2
Listing Agency: Lauer Realty Group, Inc.
Listed By: Liz Lauer · License #9056139
Added: Jul 8 Changed: Aug 26 Last Checked: Aug 30 at 7:06AM
MLS# 2027560

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.

This 1939 duplex contains two residential units with spacious floorplans, oak hardwood floors, and vintage kitchens and bathrooms. The first-floor unit includes basement space with a media or hobby area, plus an additional kitchen and bathroom. That lower-level configuration is not permitted to operate as a separate rental. The property also includes a newer shed, vinyl windows installed in 2021, a furnace from 2021, and a water heater installed in 2023. Zoning is TR-V1, and the lot measures 0.07 acres.

The property is in Madison near bus and bike paths, restaurants, downtown, MATC, and Schenks Corners. Lease provisions include tenant payment of electric service, one-third of the monthly water bill, and cooking gas. An early lease-termination provision applies if a buyer intends to occupy a unit.

Key Highlights

  • Two‑unit duplex built in 1939 on a 0.07‑acre lot
  • Spacious layouts with oak hardwood floors and vintage kitchens and bathrooms
  • First‑floor unit includes basement media or hobby space, kitchen, and bathroom

Property Analytics

Current Use

Duplexes

Suggested Use

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

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

1,207
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
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Two residential units feature spacious layouts, hardwood flooring, and vintage kitchens and bathrooms.
Where is this duplex located?
The property is located at 2021 Carey Court Madison, WI.
What is the asking price?
The asking price for this property is $430,000.
What are key features of this property?
This property features: Two‑unit duplex built in 1939 on a 0.07‑acre lot; Spacious layouts with oak hardwood floors and vintage kitchens and bathrooms; First‑floor unit includes basement media or hobby space, kitchen, and bathroom
More about this property
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