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3-Unit Apartment Building
For Sale
$444,000

24 S 2nd Street, Madison, WI 53704

Multi Family, Madison, WI

Property SizeContact for details
Lot Size0.09 Acres
Days on Market92

Property Features for 24 S 2nd Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning TR-V1
Bedrooms 2
Bathrooms 3
Full bathrooms 3
Rooms Bathroom 1, Bedroom 1, Bedroom 2, Bathroom 3, Bathroom 2
Appliances 3
Elementary school Lapham/Marquette
Middle school OKeeffe
High school East
Elementary school district Madison
Middle school district Madison
High school district Madison
Directions Atwood Ave, to S. Second St.
Subdivision MADISON - C E05
Standard status Active
APN 0710-063-1240-0
Lot size 0.09 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 7914

Building Details

Year built 1909
Floors in Building 2
Number of units 3
Listing Agency: Madison Property Management, Inc.
Listed By: Jim Stopple · License #9012003
Added: Jul 15 Changed: Oct 7 Last Checked: Oct 14 at 2:06AM
MLS# 2026408

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 TR-V1-zoned triplex was built in 1909 and includes two one-bedroom apartments, each measuring 825 square feet with one full bathroom. The third unit is a studio with one full bathroom. The second apartment and studio are leased through 7/31/2027. A detached two-car garage and city side-street parking are also available.

The property is at the intersection of E. Main Street and Second Street, one block from Atwood Avenue and 2 miles from downtown Madison. Restaurants are within walking distance.

Key Highlights

  • Three residential units: two one‑bedroom apartments and one studio
  • Each one‑bedroom apartment measures 825 square feet and has one full bathroom
  • Studio unit includes one full bathroom

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Law Firm HVAC Service Parking Lot & Garage (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

3
Residential units
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

1,172
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
View Realmo Analytics

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?
Triplex - A detached garage and city side-street parking serve this residential property.
Where is this triplex located?
The property is located at 24 S 2nd Street Madison, WI.
What is the asking price?
The asking price for this property is $444,000.
What are key features of this property?
This property features: Three residential units: two one‑bedroom apartments and one studio; Each one‑bedroom apartment measures 825 square feet and has one full bathroom; Studio unit includes one full bathroom
More about this property
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