Property Description

Quality 4-plex's in Madison are virtually nonexistent, making this Madison opportunity one you won't want to overlook. Three units are currently leased with a fourth vacant and move-in ready, ideal for an owner-occupant or immediate lease-up. Pro-forma rents of $1,500 to $1,600 per unit put projected gross annual income near $75,000 with strong upside potential. Built in 1987 and thoughtfully maintained, the property features a new roof (2025), fresh paint, some new flooring, and some kitchen and bathroom updates throughout. Slab foundation construction keeps maintenance simple and costs predictable. A standout feature rarely seen on multi-family properties: every unit includes its own attached private single-car garage, in-unit laundry, dishwasher, A/C, and a private patio or deck. Located off Fish Hatchery Rd with easy access to the Beltline, downtown Madison, and bike trails. A turnkey asset in a proven rental corridor and a compelling addition to any serious investment portfolio.

Property Features

Units

Local Schools