Three-Unit Multifamily
For Sale
Under Contract
$1,080,000
554 W Mifflin Street, Madison, WI 53703
Multi Family, Madison, WI
Property SizeContact for details
Lot Size0.05 Acres
Days on Market49
Property Features for 554 W Mifflin Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Dr2
Bedrooms
9
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 8, Bedroom 3, Bedroom 2, Bathroom 2, Bedroom 9, Bedroom 7, Bathroom 3, Bedroom 6, Bedroom 1, Bedroom 5, Bedroom 4, Bathroom 1
Appliances
3
Elementary school
Franklin/Randall
Middle school
Hamilton
High school
West
Elementary school district
Madison
Middle school district
Madison
High school district
Madison
Directions
W Washington To N Bedford to W Mifflin St
Subdivision
MADISON - C W01
Standard status
Active Under Contract
APN
0709-231-2426-1
Lot size
0.05 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
12341
Utilities
Heating system
Forced Air
Amenities
decks
laundry
Building Details
Year built
1904
Floors in Building
3
Number of units
3
Listing Agency:
Madcityhomes.Com
(608) 438-3150
Listed By:
Caleb Payne · License #9313994
(608) 556-0033
Added: Jul 15
Changed: Aug 31
Last Checked: Sep 1 at 8:06AM
MLS# 2023152
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 three-unit multifamily property contains nine bedrooms across three residences, each arranged with a full kitchen, three bedrooms, one bathroom, and a living area. Front and rear decks extend the usable space, while the updated basement provides shared storage and laundry facilities. Forced-air heating serves the building, which was constructed in 1904 on a 0.05-acre lot. Four on-site parking spaces provide additional income potential and practical tenant convenience.
All three units are leased through 08/2027. Tenants are responsible for electricity, garbage and recycling, cleaning, and snow removal. The property is located in downtown Madison near campus and is zoned Dr2. The reported cap rate is 8.36%.
All three units are leased through 08/2027. Tenants are responsible for electricity, garbage and recycling, cleaning, and snow removal. The property is located in downtown Madison near campus and is zoned Dr2. The reported cap rate is 8.36%.
Key Highlights
- Three‑unit property with nine bedrooms total
- Each residence includes 3 bedrooms, 1 bathroom, kitchen, and living area
- Leases in place through 08/2027
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
100%
Occupancy
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
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Frequently Asked Questions
What type of property is this?
Triplex - Three leased residences offer private decks, basement laundry and storage, and dedicated on-site parking.
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 $1,080,000.
What are key features of this property?
This property features: Three‑unit property with nine bedrooms total; Each residence includes 3 bedrooms, 1 bathroom, kitchen, and living area; Leases in place through 08/2027
