554 W Mifflin Street, Madison, WI 53703

Madison
Local realty services provided by:ERA MyPro Realty
Listed by: caleb payne, stuart meland
Office: madcityhomes.com
MLS#:2023152
Source:Metro MLS
554 W Mifflin Street,Madison, WI 53703
$1,080,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Pending

Price summary

  • Price:$1,080,000

About this home

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.

Contact an agent

contact an agent

Yes, I would like more information. Please use and/or share my information with an ERA®  affiliated agent to contact me about my real estate needs. By clicking Send message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If an ERA®  affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE® , CENTURY 21® , Coldwell Banker® , Corcoran® , Sotheby's International Realty® ). I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1904
  • Listing ID #:2023152
  • Added:144 day(s) ago
  • Updated:October 05, 2026 at 03:47 PM

Rooms and interior

  • Basement Description:Full

Heating and cooling

  • Cooling:Forced Air
  • Heating:Forced Air, Natural Gas

Structure and exterior

  • Year built:1904
  • Lot area:0.05 Acres
  • Construction Materials:Vinyl
  • Levels:3+ Story

Schools

  • High school:West
  • Middle school:Hamilton
  • Elementary school:Franklin/Randall

Utilities

  • Water:Municipal Water
  • Sewer:Municipal Sewer

Finances and disclosures

  • Price:$1,080,000
  • Tax amount:$12,341 (2025)

Features and amenities

  • Amenities:Separate Electric Meters

Parking

  • Parking description:1 Space
The information being provided by Wisconsin Real Estate Exchange is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is supplied by seller and other third parties and has not been verified. 2026 Wisconsin Real Estate Exchange All rights reserved.

New listings near 554 W Mifflin Street