2-unit apartment building leased thru August 14, 2025!! Investment opportunity on the near east side of Madison. Always rented due to location. Main level apartment has a private entrance, in-unit laundry, and off-street parking! The other apartment is a large 4-bedroom that spans both the 2nd and 3rd floors. Very popular floorplan. 2 of the 3 floors have hardwood flooring. Entire roof was replaced 1 year ago! Building was sprinklered to comply with city of Madison code to authorize 3rd floor use. Total gross annual income is $43,200. Priced at a 11 GIM and BELOW the assessed value! Check public documents for a whole bunch of additional information like income and expenses, building floorplan, and a full updates and features list with dates of replacements for capital improvements.
Property Details
Property Features
Property Information:
Year Built: 1899
Listing Office:
Office Name: Homestead Realty
Office Phone: (414) 461-4040
Listing Agent: Matthew Pantzlaff
Interior Features
Interior Information:
Basement: Yes
Interior: Water Softener, Fire Sprinklers, High Speed Internet
Exterior Features
Parking Information:
Parking: 2 Space, Outside
Lot Features
Lot Information:
Lot Size: 0.07 Acres
Utilities
Utilities Information:
Heating: Radiant, Electric, Natural Gas
School Info
Assigned Schools Information:
East High School, Public District Grades 9-12
Georgia O'Keeffe Middle School, Public District Grades 6-8
Marquette Elementary School, Public District Grades 3-5
Other
Directions Information:
Directions: One way street. Located between N Paterson and N Livingston.
Municipality:
Madison
Price Information
Listing Price Info
Price Summary:
List Price: $474,900
Tax Information:
Annual Amount: $7,904
Tax Year: 2020
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Information is supplied by seller and other third parties and has not been verified. All information deemed reliable but not guaranteed and should be independently verified. Information is supplied by seller and other third parties and has not been verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker nor this broker nor MLS shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 9/13/2024, 2:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Apr 08, 2015
Apr 08, 2015Home Sold
$245,000
May 30, 2012
May 30, 2012Home Sold
$170,000
Mar 21, 2005
Mar 21, 2005Home Sold
$199,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2020
$7,904
$355,300
2019
$7,342
$329,000
2018
$5,912
$266,000
2017
$6,127
$266,000
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
7
/10
Marquette Elementary School
1501 Jenifer St
Distance between this listing and this school1.04 miles
Public District Grades 3-5
Middle School
4
/10
Georgia O'Keeffe Middle School
510 S Thornton Ave
Distance between this listing and this school1.07 miles
Public District Grades 6-8
High School
5
/10
East High School
2222 E Washington Ave
Distance between this listing and this school1.46 miles
Public District Grades 9-12
Assigned Schools
7
/10
Marquette Elementary School
1501 Jenifer St
Distance between this listing and this school1.04 miles
Public District Grades 3-5
Nearby Schools
3
/10
Emerson Elementary School
2421 E Johnson St
Distance between this listing and this school1.70 miles
Public District Grades PK-5
4
/10
Lowell Elementary School
401 Maple Ave
Distance between this listing and this school1.98 miles
Public District Grades PK-5
Assigned Schools
4
/10
Georgia O'Keeffe Middle School
510 S Thornton Ave
Distance between this listing and this school1.07 miles
Public District Grades 6-8
Nearby Schools
3
/10
Sherman Middle School
1610 Ruskin St
Distance between this listing and this school2.43 miles
Public District Grades 6-8
5
/10
James C. Wright Middle School
1717 Fish Hatchery Rd
Distance between this listing and this school2.73 miles
Public Charter Grades 6-8
Assigned Schools
5
/10
East High School
2222 E Washington Ave
Distance between this listing and this school1.46 miles
Public District Grades 9-12
Nearby Schools
2
/10
Innovative & Alternative High School
1045 E Dayton St
Distance between this listing and this school0.31 miles
Public District Grades 9-12
3
/10
Shabazz-City High School
1601 N Sherman Ave
Distance between this listing and this school2.39 miles
The neighbors living near this home have an average income of $44,474. Residents of Madison, WI typically earn between $35k-100k each year. Most families are single, no kids. The most common level of education of people living in this area is post secondary degree.
This home is located at 836 E Gorham St in Madison, WI and zip code 53703 in the Tenney-Lapham neighborhood. This home, which was built in 1899, sits on a 0.07 acre lot. It has been listed on Rocket Homes since July 25, 2024 and is currently priced at $474,900.
Over 135 listings were sold over their listed price in August 2024 in Madison, WI. In the same period over 88 listings were sold below the listed price and 39 listings were sold for the listed price. The number of homes for sale in Madison, WI decreased by 2.7% between July 2024 and August 2024.
From Rocket Homes Real Estate and based on county public records data.