554 W Mifflin Street, Madison, WI 53703

Madison
Local realty services provided by:Better Homes and Gardens Real Estate Special Properties
554 W Mifflin Street,Madison, WI 53703
$1,080,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: caleb payne, stuart meland
Office: madcityhomes.com
MLS#:2023152
Source:WI_WIREX_SCW

Price summary

  • Price:$1,080,000

About this home

An exceptional opportunity in downtown Madison, WI, this 3-unit, 9-bedroom is the closest house on Mifflin to campus with great southern light, full front decks, and rear exit decks. Each unit in this turn-key property is leased thru 08/2027 and offers a spacious and practical layout, including a full kitchen, three bedrooms, one bathroom, and a comfortable living area. Tenants appreciate the updated basement with storage and laundry. Additional income is generated through four on-site parking spaces. Tenants are responsible for electricity, garbage/recycling, cleaning, and snow removal. With gross income of $108,900 for 2026/2027 and several rents below market, a new buyer has the potential to earn an even greater return on their investment through future lease adjustments. Cap rate of 8.36% per seller.

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Home facts

  • Year built:1904
  • Listing ID #:2023152
  • Added:92 day(s) ago
  • Updated:August 14, 2026 at 02:57 PM

Rooms and interior

  • Basement Description:Full

Heating and cooling

  • Cooling:Forced Air
  • Heating:Forced Air, Natural Gas

Structure and exterior

  • Year built:1904
  • Lot area:0.05 Acres
  • Construction Materials:Vinyl
  • Levels:3+ Story

Schools

  • High school:West
  • Middle school:Hamilton
  • Elementary school:Franklin/Randall

Utilities

  • Water:Municipal Water
  • Sewer:Municipal Sewer

Finances and disclosures

  • Price:$1,080,000
  • Tax amount:$12,341 (2025)

Features and amenities

  • Amenities:Separate Electric Meters

Parking

  • Parking description:1 Space
2026 Wisconsin Real Estate Exchange (WIREX) Information deemed reliable, but not guaranteed. This information, provided by seller, listing broker, and other parties, may not have been verified. Information is provided exclusively for consumers personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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