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2-Unit Duplex with Basement Space
For Sale
$385,000

2021 Carey Court, Madison, WI 53704

Multi Family, Madison, WI

Property SizeContact for details
Lot Size0.07 Acres
Days on Market94

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 Bathroom 3, Bedroom 2, 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 #5613990
Added: Jul 15 Changed: Oct 16 Last Checked: Oct 16 at 10:06PM
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.

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Investment Insights

Based on property information with market context.

Built in 1939 on a 0.07-acre lot, this duplex has two units with spacious floor plans, oak hardwood floors, and vintage kitchens and bathrooms. The first-floor unit includes basement space with a second kitchen and bath; those facilities are not authorized as a separate rental. A shed is also on the property. Updates include vinyl windows from '21, a furnace from '21, a water heater from '23, and roof, window-wrap, and gutter work listed for '26.

The property is at 2021 Carey Court in Madison, with bus and bike paths, restaurants, downtown, and MATC among the nearby destinations. Schenks Corners is a couple of blocks away. Zoning is TR-V1.

Lease terms assign tenants responsibility for electric, one-third of the monthly water bill, and cooking gas. The leases include an early-termination provision for a buyer who plans to occupy a unit.

Key Highlights

  • Two‑unit duplex on a 0.07‑acre lot; built in 1939
  • First‑floor unit has basement space with a second kitchen and bath, not permitted as a separate rental
  • Oak hardwood floors and vintage kitchens and bathrooms in both units

Property Analytics

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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
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 - Oak floors, period kitchens and baths, and extra basement facilities distinguish the interior.
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 $385,000.
What are key features of this property?
This property features: Two‑unit duplex on a 0.07‑acre lot; built in 1939; First‑floor unit has basement space with a second kitchen and bath, not permitted as a separate rental; Oak hardwood floors and vintage kitchens and bathrooms in both units
More about this property
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