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About This Home
This 9-bedroom, 0-bathroom residential multi family at 554 W Mifflin Street in Madison, WI is listed for $1,345,000. Built in 1904, on a 0.05 acres lot.
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..
Key Features
- Built in 1904
- 0.05 acre lot
- 3 stories
- 3 parking spaces
Property Details
Amenities
Monthly Cost Estimate
$7,193/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
554 W Mifflin Street
Madison, WI 53703
Property Details
Heating
Appliances
Questions & Answers
This 9-bedroom, 0-bathroom residential multi family at 554 W Mifflin Street is listed at $1,345,000. The estimated monthly payment is $5,828 based on 20% down at 6.5% interest.
Key features include: Built in 1904, 0.05 acre lot, 3 stories, 3 parking spaces.
This property is listed by Caleb Payne and can be reached at 6085560033 or caleb@madcityhomes.com.