554 W Mifflin Street, Madison, WI 53703
554 W Mifflin Street, Madison, WI 53703
554 W Mifflin Street, Madison, WI 53703
554 W Mifflin Street, Madison, WI 53703
554 W Mifflin Street, Madison, WI 53703
554 W Mifflin Street, Madison, WI 53703
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Dan Grimm

Dan Grimm

+1(262) 313-7518
Listed by Madcityhomes.Com
$ 1,080,000
Est. payment | /mo

2,178 Sqft Lot

Save
$ 1,080,000
Est. payment | /mo
Save

2,178 Sqft Lot

Key Details

Property Type Multi-Family

Listing Status Contingent

Purchase Type For Sale

Municipality MADISON

MLS Listing ID 2023152

Year Built 1904

Annual Tax Amount $12,341

Tax Year 2025

Lot Size 2,178 Sqft

Property 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. Cap rate of 8.36% per seller.

Location

State WI

County Dane

Zoning Dr2

Rooms

Basement Full

Interior

Heating Natural Gas

Cooling Forced Air

Inclusions 3 refrigerators, 3 ranges, 1 dishwasher, washer, dryer

Exterior

Utilities Available Separate Electric Meters

Building

Dwelling Type 3+ Story

Story 3 - 4

Sewer Municipal Water, Municipal Sewer

Structure Type Vinyl

New Construction N

Schools

Elementary Schools Franklin/Randall

Middle Schools Hamilton

High Schools West

School District Madison

Copyright 2026 WIREX - All Rights Reserved
Dan Grimm

Residential, Investments, Commercial, Luxury, & Foreclosures! Whatever your need - We got you! 
Licensed Real Estate Broker in Wisconsin & Florida! With Agent Partners in all 50 States!

+1(262) 313-7518

realtor.dangrimm@gmail.com

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554 W Mifflin Street