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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 Market29

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, Bathroom 2, Bedroom 1, Bedroom 2, Bathroom 3
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 #1200390
Added: Jul 15 Changed: Aug 12 Last Checked: Aug 12 at 7:06AM
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 3-unit apartment property was built in 1909 and occupies a 0.09-acre lot. The unit mix includes two one-bedroom apartments, each measuring 825 square feet and offering one full bathroom, along with a studio apartment with one full bathroom. Units 2 and 3 are leased through 7/31/2027.

A detached 2-car garage provides dedicated parking, supplemented by city side-street parking. The property is located at the intersection of E. Main St. and Second St., one block from Atwood Ave. It is 2 miles from downtown Madison and within walking distance of local restaurants. Zoning is TR-V1.

Key Highlights

  • Three‑unit apartment property on a 0.09‑acre lot
  • Two 825 sq.ft. one‑bedroom units, each with 1 full bath
  • Studio unit with 1 full bath

Property Analytics

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

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

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Two units are leased through July 31, 2027, and the property includes a detached two-car garage.
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‑unit apartment property on a 0.09‑acre lot; Two 825 sq.ft. one‑bedroom units, each with 1 full bath; Studio unit with 1 full bath
More about this property
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