554 W Mifflin Street Madison, WI 53703

Building Details

Year Built

1904

Listing office Madcityhomes.Com

Listing date May 13, 2026

Source Crexi

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Investment Insights

Based on property information with market context.

Located in downtown Madison, Wisconsin, this 3-unit property features a total of 9 bedrooms. The property is the closest house on Mifflin Street to campus and benefits from southern exposure, front decks, and rear exit decks. Each unit includes a full kitchen, three bedrooms, one bathroom, and a living area. Leases are in place through August 2027. The updated basement provides storage and laundry facilities. Additional income is generated from four on-site parking spaces. Tenants are responsible for electricity, garbage/recycling, cleaning, and snow removal. The gross income is $108,900 for the 2026/2027 period. The property offers potential for increased return on investment through future lease adjustments.

Key Highlights

• Prime Location: Closest house on Mifflin Street to campus in downtown Madison.
• High Income Potential: Gross income of $108,900 for 2026/2027 with rents below market value.
• Fully Leased: Turn‑key property with all units leased through August 2027.

Property Analytics

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FAQs

What type of property is this?

Triplex - 9-bedroom, 3-unit property near campus with leases through 2027.

Where is this triplex located?

The property is located at 554 W Mifflin Street Madison, WI.

What is the asking price?

The asking price for this property is $1,295,000.

What are key features of this property?

This property features: Prime Location: Closest house on Mifflin Street to campus in downtown Madison.; High Income Potential: Gross income of $108,900 for 2026/2027 with rents below market value.; Fully Leased: Turn‑key property with all units leased through August 2027.