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Updated 4-Unit Multifamily Property
For Sale
$665,000
Pending

2954 Milwaukee St, Madison, WI 53704

Historic multifamily building with recent roof and furnace replacements, updated interiors, and basement storage.

Property SizeContact for details
Days on Market11

Property Features for 2954 Milwaukee St

General Information

Standard status Pending
Property subtype Multi-Family

Building Details

Year Built 1926
Listing Agency: First Weber Inc
Listed By: Krista Potter · License #9309894
Source: Madisonareahomesforsale
Added: Aug 20 Changed: Aug 29 Last Checked: Aug 29 at 11:54PM

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 3,200-square-foot quadplex contains four apartments: two two-bedroom units and two one-bedroom units. Recent improvements include a roof installed in 2022, a furnace replaced in 2024, new flooring, a renovated bathroom in Unit 1, and upgraded ventilation serving all bathrooms. Each apartment benefits from free non-coin laundry, with dedicated basement storage also included.

The property is located at 2954 Milwaukee St in Madison’s Near East area, close to downtown, dining, shopping, parks, bike paths, and transit lines. Its apartment mix and recent physical updates provide a clearly defined multifamily configuration for an investor or owner-occupant.

Key Highlights

  • Four‑unit property with two 2‑bedroom and two 1‑bedroom apartments
  • 3,200 sq ft building constructed in 1926
  • New roof installed in 2022

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Parking Lot & Garage Grocery & Convenience Store Law Firm Accounting Firm (Bike/Boat/Book/etc) Store Locksmith

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

866
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?
Quadplex - Historic multifamily building with recent roof and furnace replacements, updated interiors, and basement storage.
Where is this quadplex located?
The property is located at 2954 Milwaukee St Madison, WI.
What is the asking price?
The asking price for this property is $665,000.
What are key features of this property?
This property features: Four‑unit property with two 2‑bedroom and two 1‑bedroom apartments; 3,200 sq ft building constructed in 1926; New roof installed in 2022
More about this property
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