405 Washburn Place Madison, WI ^$ 610,000

405 Washburn Place

^$ 610,000

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405 Washburn Place

Madison, WI, 53703

^$ 610,000

Bedrooms2 Baths4.0 Sq 2,300

Monthly Estimate*

^$ 4,054

Listed by Madison Property Management, Inc.

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Multi-Family Home for sale in Madison, WI

for $610,000 with 2 bedrooms and 4 full baths. This 2,300 square foot home was built in 1907 on a lot size of 0.12.

4 unit rental property located near the intersection of W. Gorham St. and Washburn Place just one block from Lake Mendota. Highly desirable location just one mile from downtown Madison and walking distance to many local restaurants, entertainment, Festival Foods and other retailers. Units 405 & 407 Washburn Place are both 500 sq.ft. studios with 1 bath each. Units 407 & 409 Washburn Place are both 650 sq.ft. with 1 bed and 1 bath each. Fully leased out until 2025. The current total monthly rent is $3,920/month for the 2023-2024 rental season. Rents will increase to $5,065/month for the 2024-2025 rental season.

Multi-Family Active

Price

^$ 610,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 8,238

Style

Lot Size

0.12

Year Built

1907

Town/City

Madison

County/Region

Dane

MLS | Web ID

1968080

Features

Interior

Heating Type Forced air

Basement Full Walkout to yard

Total Number of Units 4

General

Heating Natural Gas

Utilities Separate elec meters

Zoning TRV2-WP24

School District Madison

County Dane

Class Multi Family

Tax Year 2022

Status Active

Year Built 1907

Directions E. Gorham St. to Washburn Place

High School East

City Madison

Street Name Washburn

Elementary School Lapham/Marquette

Middle School OKeeffe

DOM 168

Open House Date No

County Qtr Section East Metro Madison

Exterior

Exterior Vinyl Aluminum/Steel

* Excluded Features

List By

Madison Property Management, Inc.

Broker

(608) 268-4912

Phone

jim@madisonproperty.com

Affordability Calculator

$4,741

Per Month

Monthly Principal & Interest: $4,054
Monthly Property Taxes: $687
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Madison, WI

Average List Price ^$944,069

Percent of Sale Price 55%

About Madison, WI

252,062 Population

21% Since 2002

^$58,415 Median Income

34.31 Median Age

21% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

1832984 Elementary School

1832689 Middle School

East High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
2/23/2024	$610,000	-2.40%	Price Down
12/5/2023	$625,000		Listed Price

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405 Washburn Place, Madison, WI, 53703 is a Multi-Family Home for sale at $610,000 with 2,300 sqft and a lot size of 0.12. 405 Washburn Place has 2 bedrooms, 4.0 baths, and was built in 1907. The property's zip code is 53703 which is in Madison, WI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the South Central Wisconsin Multiple Listing Service. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors are marked with the SCWMLS approved logo and detailed information about them includes the name of the listing brokers.

The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

This information, provided by seller, listing broker, and other parties, may not have been verified.

Data is updated as of 5/27/2024.

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405 Washburn Place

Multi-Family Home for sale in Madison, WI

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