736 E Johnson Street, Madison, WI 53703

This multifamily property offers a rental mix including one-bedroom, two-bedroom, and efficiency units. Unit #5 is specifically noted as a one- or two-bedroom plus efficiency mix, leased through 7/31/27. The seller has updated almost all windows, along with the electric panel and water heater, and reports that the boiler is serviced regularly. Additional capital work includes a roof replacement completed during the seller’s ownership. Outside, the property includes a sized back yard suitable for tenant use such as a BBQ area or a fire pit, and the remarks note that some minor updates are still needed.

Located in the heart of Madison’s Isthmus at 736 E Johnson Street, the site sits within zoning R5 and includes a lot size of 0.1 acres. The immediate neighborhood is described as seeing redevelopment activity between East Wash and Johnson Street, which aligns with the seller’s stated view of the property as suitable for redevelopment or for acquiring adjacent property.

For buyers and operators seeking a current income property, the documented lease term on Unit #5 provides near-term occupancy visibility. The combination of mechanical and exterior improvements (windows, electric panel, water heater, boiler servicing, and roof) may reduce near-term replacement items, while the remaining minor updates keep the focus on achievable tenancy and presentation. The seller requires a pre-approval letter or proof of funds prior to all showings.