1321-1323 S THOMPSON Drive new Save Request In-Person Tour Request Virtual Tour
Madison,WI 53716
Key Details
Property Type Multi-Family
Sub Type Duplex-side by side
Listing Status Active
Purchase Type For Sale
Square Footage 2,556 sqft
Price per Sqft $205
Subdivision Sunrise Meadows
MLS Listing ID 2012546
Bedrooms 6
Full Baths 2
Half Baths 2
Year Built 1980
Annual Tax Amount $9,424
Tax Year 2024
Lot Size 0.361 Acres
Property Sub-Type Duplex-side by side
Property Description
Showings begin 11/22. Great opportunity to own a well-maintained duplex in East Madison's Sunrise Meadows neighborhood, close to parks and Elvehjem Elementary. One unit is vacant and the other is rented month-to-month, allowing immediate rental income or owner-occupancy. Current rent is well below market, creating strong upside potential. Estimated market rent is $2,545 per side, $5,090 total/month. Each unit offers 1,278 sq ft, an open layout, fireplace, attached 1-car garage, and finished lower level. Spacious yards and private entrances enhance livability. Perfect for house hacking or adding to your investment portfolio. Separate utilities already in place. Ideal for long-term income or short-term value add. A rare find with cash flow potential from day one in a desirable location with
Location
State WI
County Dane
Area Madison - C E12
Zoning SR-C3
Interior
Heating Forced air
Inclusions See Addendum R
Exterior
Parking Features 1 stall garage,Attached
Utilities Available Separate elec meters,Separate gas meters
Building
Water Municipal sewer,Municipal water
Structure Type Aluminum/Steel,Brick
Schools
Elementary Schools Elvehjem
Middle Schools Sennett
High Schools Lafollette
School District Madison