111 E Gilman Street new Save Request In-Person Tour Request Virtual Tour
Madison,WI 53703
$ 725000
4 Beds
3 Baths
0 SqFt
Key Details
Property Type Multi-Family
Sub Type 2 story
Listing Status Active
Purchase Type For Rent
MLS Listing ID 2007812
Bedrooms 4
Full Baths 3
Year Built 1927
Annual Tax Amount $8,487
Tax Year 2024
Lot Size 4,791 Sqft
Property Sub-Type 2 story
Property Description
Fantastic investment opportunity in the heart of Madison! This charming brick three-unit rental building is perfectly located in one of the city's most desirable & high-demand neighborhoods. The property features a mix of units—one spacious two-bedroom, one one-bedroom, & one studio—offering versatility and broad appeal to renters. Currently, the two-bedroom & studio units are tenant-occupied, providing immediate rental income, while the one-bedroom unit is available & being marketed for short-term rental use. This allows an investor to step into an income-producing property with additional upside potential. The historic brick exterior, proximity to downtown amenities, and strong rental market in this area make this property a standout choice for seasoned or first-time investors!
Location
State WI
County Dane
Area Madison - C W01
Zoning Res
Interior
Heating Forced air
Inclusions 3 oven/stoves, 3 refrigerators
Exterior
Parking Features Outside
Building
Water Municipal water,Municipal sewer
Structure Type Brick
Schools
Elementary Schools Lapham/Marquette
Middle Schools Okeeffe
High Schools East
School District Madison