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554 W Mifflin Street
Madison WI 53703 US

$1,080,000

Active Listing ID 2023152
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9 bed
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3.00 Bath (3 Full)
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Lot: 0.05 Acres
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Other

$1,080,000

Active Listing ID 2023152
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554 W Mifflin Street 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...

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Property Features

  • Facts
  • Lot Size: 0.05 Acres
  • Property Type: Residential Multi Family
  • Property Sub-type: Other
  • Features
  • Full Bathrooms: 3
  • Heating Fuels: Forced Air

School Information

  • School
  • Franklin/Randall(Elementary)
  • Hamilton(MiddleSchool)
  • West(HighSchool)

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 1080000
  • unparsedaddress: 554 W Mifflin Street
  • postalcity: Madison
  • stateorprovince: WI
  • country: US
  • postalcode: 53703
  • bathroomsfull: 3
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.05
  • lotsizeunits: Acres
  • lotsizearea: 0.05
  • livingarea: 0
  • livingareaunits: Square Feet
  • latitude: 43.069927
  • longitude: -89.393609
  • listagentfullname: Caleb Payne
  • listagentemail: caleb@madcityhomes.com
  • listagentkey: 3yd-SCWMLSWI-182773
  • listagentmlsid: 182773
  • listagentpreferredphone: 6085560033
  • listagentofficephone: 6084383150
  • listofficekey: 3yd-SCWMLSWI-877
  • listofficemlsid: 877
  • disclaimer: 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.
  • sourcesystemid: SCWMLSWI
  • yearbuilt: 1904
  • listagenturl: http://www.madcityhomes.com
  • countyorparish: Dane
  • parcelnumber: 0709-231-2426-1
  • elementaryschool: Franklin/Randall
  • highschool: West
  • elementaryschooldistrict: Madison
  • middleorjuniorschooldistrict: Madison
  • highschooldistrict: Madison
  • appliances: 3
  • heating: Forced Air
  • numberofunitstotal: 3
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 3
  • parkingtotal: 0
  • waterfrontyn: False
  • franchiseaffiliation: None
  • rooms: Bathroom 1, Bathroom 3, Bedroom 6, Bathroom 2, Bedroom 1, Bedroom 9, Bedroom 3, Bedroom 2, Bedroom 7, Bedroom 8, Bedroom 4, Bedroom 5
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -89.39361, 43.069927
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"madcityhomes.com, LLC", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"caleb@madcityhomes.com", "ListBrokerageCity":"Madison", "ListBrokerageCountry":"US", "ListBrokerageEmail":"stuart@madcityhomes.com", "ListBrokerageLogoUrl":null, "ListBrokerageName":"madcityhomes.com, LLC", "ListBrokeragePhone":"(608) 438-3150", "ListBrokeragePostalCode":"53711", "ListBrokerageStateOrProvince":"WI", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"629 Hilltop Dr", "ListBrokerageWebsiteUrl":"http://www.madcityhomes.com", "ListOfficeAddress1":"629 Hilltop Dr ", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"877", "ListOfficeCity":"Madison", "ListOfficeCountry":"US", "ListOfficeEmail":"stuart@madcityhomes.com", "ListOfficePostalCode":"53711-1358", "ListOfficeStateOrProvince":"WI", "ListPriceCurrencyType":"USD", "ListingTitle":"MULTI_FAMILY - Madison, WI", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/554-W-Mifflin-St_Madison_WI_53703_M70481-90952?f=listhub&s=SCWMLSWI&m=2023152&c=rexren", "MLSModificationTimestamp":"2026-08-14 13:32:43", "Neighborhoods":[{"Description":null, "Name":"MADISON - C W01"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":12341, "TaxDescription":null, "TaxYear":"2025"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 8/14/2026 4:39:29 PM GMT
Source Updated Date: 8/25/2026 12:29:40 PM GMT

Courtesy of: Caleb Payne, Madcityhomes.Com, caleb@madcityhomes.com

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.