# 554 W Mifflin Street, Madison, WI 53703

> **TL;DR:** 9bd/3ba residential multi family, $1,080,000, built 1904. Est. $5,776/mo.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $1,080,000 |
| Bedrooms | 9 |
| Bathrooms | 3 full |
| Year Built | 1904 |
| Lot Size | 2,178 sqft (0.05 acres) |
| Stories | 3 |
| Property Type | Residential Multi Family (Other) |
| Status | Active Under Contract |
| Days on Market | 0 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $5,461 |
| Estimated Insurance | $315 |
| **Total** | **$5,776** |

## Nearby Schools

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

## Property Highlights

- Built in 1904
- 0.05 acre lot
- 3 stories

## 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, garbageecycling, 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..

## 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, LLC
- **Broker Phone:** (608) 438-3150
- **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/554-W-Mifflin-St_Madison_WI_53703_M70481-90952?f=listhub&s=SCWMLSWI&m=2023152&c=propsimple)

## Photos

![554 W Mifflin Street - Photo 1](http://lh.rdcpix.com/5f42b0a6f2049119e89dc5d1d5931d49l-f3687440527r.jpg)

![554 W Mifflin Street - Photo 2](http://lh.rdcpix.com/5f42b0a6f2049119e89dc5d1d5931d49l-f2560127177r.jpg)

![554 W Mifflin Street - Photo 3](http://lh.rdcpix.com/5f42b0a6f2049119e89dc5d1d5931d49l-f2919757799r.jpg)

![554 W Mifflin Street - Photo 4](http://lh.rdcpix.com/5f42b0a6f2049119e89dc5d1d5931d49l-f3063619977r.jpg)

![554 W Mifflin Street - Photo 5](http://lh.rdcpix.com/5f42b0a6f2049119e89dc5d1d5931d49l-f2057644388r.jpg)

![554 W Mifflin Street - Photo 6](http://lh.rdcpix.com/5f42b0a6f2049119e89dc5d1d5931d49l-f3650562700r.jpg)

![554 W Mifflin Street - Photo 7](http://lh.rdcpix.com/5f42b0a6f2049119e89dc5d1d5931d49l-f3170588944r.jpg)

![554 W Mifflin Street - Photo 8](http://lh.rdcpix.com/5f42b0a6f2049119e89dc5d1d5931d49l-f3335483091r.jpg)

![554 W Mifflin Street - Photo 9](http://lh.rdcpix.com/5f42b0a6f2049119e89dc5d1d5931d49l-f2859841483r.jpg)

![554 W Mifflin Street - Photo 10](http://lh.rdcpix.com/5f42b0a6f2049119e89dc5d1d5931d49l-f3504552627r.jpg)

![554 W Mifflin Street - Photo 11](http://lh.rdcpix.com/5f42b0a6f2049119e89dc5d1d5931d49l-f858039501r.jpg)

![554 W Mifflin Street - Photo 12](http://lh.rdcpix.com/5f42b0a6f2049119e89dc5d1d5931d49l-f1241992679r.jpg)

![554 W Mifflin Street - Photo 13](http://lh.rdcpix.com/5f42b0a6f2049119e89dc5d1d5931d49l-f899255426r.jpg)

![554 W Mifflin Street - Photo 14](http://lh.rdcpix.com/5f42b0a6f2049119e89dc5d1d5931d49l-f1401300786r.jpg)

![554 W Mifflin Street - Photo 15](http://lh.rdcpix.com/5f42b0a6f2049119e89dc5d1d5931d49l-f1636021593r.jpg)

![554 W Mifflin Street - Photo 16](http://lh.rdcpix.com/5f42b0a6f2049119e89dc5d1d5931d49l-f2780464145r.jpg)

![554 W Mifflin Street - Photo 17](http://lh.rdcpix.com/5f42b0a6f2049119e89dc5d1d5931d49l-f1217972052r.jpg)

![554 W Mifflin Street - Photo 18](http://lh.rdcpix.com/5f42b0a6f2049119e89dc5d1d5931d49l-f2523369585r.jpg)

![554 W Mifflin Street - Photo 19](http://lh.rdcpix.com/5f42b0a6f2049119e89dc5d1d5931d49l-f2952330509r.jpg)

![554 W Mifflin Street - Photo 20](http://lh.rdcpix.com/5f42b0a6f2049119e89dc5d1d5931d49l-f1523641386r.jpg)

![554 W Mifflin Street - Photo 21](http://lh.rdcpix.com/5f42b0a6f2049119e89dc5d1d5931d49l-f1506958858r.jpg)

![554 W Mifflin Street - Photo 22](http://lh.rdcpix.com/5f42b0a6f2049119e89dc5d1d5931d49l-f2415093629r.jpg)

![554 W Mifflin Street - Photo 23](http://lh.rdcpix.com/5f42b0a6f2049119e89dc5d1d5931d49l-f1481162446r.jpg)

![554 W Mifflin Street - Photo 24](http://lh.rdcpix.com/5f42b0a6f2049119e89dc5d1d5931d49l-f3961632607r.jpg)

![554 W Mifflin Street - Photo 25](http://lh.rdcpix.com/5f42b0a6f2049119e89dc5d1d5931d49l-f921124817r.jpg)

![554 W Mifflin Street - Photo 26](http://lh.rdcpix.com/5f42b0a6f2049119e89dc5d1d5931d49l-f4258091632r.jpg)

---

**MLS#:** 2023152 | **Updated:** 2026-10-28
**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.ai/listing/554-w-mifflin-street-madison-wi-53703-9ef18031f3ca4f37b1fa0c723d2c72fa)

---

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