Downtown Madison 3-Unit
For Sale
$1,080,000
554 W Mifflin St, Madison, WI 53703
9-bedroom, 3-unit property near campus with leases through 2027.
Property Size756 SF
Price / SF$1,428
Days on Market109
Property Features for 554 W Mifflin St
General Information
Standard status
Active
Size
756 SF
Property subtype
Multi-Family
Building Details
Year Built
1904
Listing Agency:
Madcityhomes.Com
(608) 556-0033
Listed By:
Caleb Payne · License #9313994
Source:
Soldinmadison
Added: May 16
Changed: Aug 25
Last Checked: Aug 31 at 7:11PM
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 Madcityhomes.Com
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
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,775
Businesses Nearby
Explore this area
Business Placement
Demographics for 53703, WI
38,512
Population
21,025
Households
1.8
Avg Household Size
27
Median Age
69%
College-Educated
98%
High-School Grad
1.8 sq mi
ZIP Area
21,396
Density / Sq Mi
$46,618
Median Household Income
$27,923
Median Earnings
$1,445
Median Rent
$472,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
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 St Madison, WI.
What is the asking price?
The asking price for this property is $1,080,000.
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.
