# 554 W Mifflin Street, Madison, WI 53703

> **TL;DR:** 9bd/0ba residential multi family, $1,345,000, built 1904.
> Basement. Est. $5,828/mo.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $1,345,000 |
| Bedrooms | 9 |
| Year Built | 1904 |
| Lot Size | 2,178 sqft (0.05 acres) |
| Stories | 3 |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 0 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $5,828 |
| **Total** | **$5,828** |

## Nearby Schools

- **Elementary:** Franklin/Randall
- **Middle:** Hamilton
- **High:** West

## Key Amenities

- Basement

## Property Highlights

- Built in 1904
- 0.05 acre lot
- 3 stories
- 3 parking spaces

## Description

### Agent Description
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..

## Location

- **Address:** 554 W Mifflin Street, Madison, WI 53703
- **County:** Dane
- **Coordinates:** 43.069927, -89.393609
- **Google Maps:** https://www.google.com/maps?q=43.069927,-89.393609

## Listing Agent

- **Name:** Caleb Payne
- **Brokerage:** Madcityhomes.Com
- **Phone:** 6085560033
- **Email:** caleb@madcityhomes.com

## Primary Photo

![554 W Mifflin Street - Primary Photo](http://lh.rdcpix.com/61ccaa233172670a10279e5088467b25l-f3687440527r.jpg)

*26 total photos available on [listing page](https://www.propertysimple.com/listing/554-w-mifflin-street-madison-wi-53703-2023152)*

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**MLS#:** 2023152 | **Updated:** 2026-06-18
**Source:** listhub

*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.*

[View on PropertySimple](https://www.propertysimple.com/listing/554-w-mifflin-street-madison-wi-53703-2023152)

---

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