512 Mills StMadison, WI 53715

This two-unit, 1,632 sq ft multifamily property in Madison, WI, presents a compelling investment opportunity. Built in 1930, this charming two-story building sits on a 4,884 sq ft lot and boasts 100% occupancy with leases extending to August 14, 2025. The main unit (1,024 sq ft) features two bedrooms, a den, one full bath, a screened porch, basement laundry access, a dining area, and a living room, currently leased at $1,695 per month. The second unit (608 sq ft) offers two bedrooms, one full bath, a living room, and a dining area, leased at $1,625 per month. Conveniently located near the University of Wisconsin-Madison, Vilas Zoo, Arboretum, Camp Randall Stadium, and Lake Monona, this property benefits from its prime location and strong rental demand. The property is zoned TRC3 and offers potential for owner-occupancy upon lease expiration. Asking price is $519,900. This is an excellent opportunity for both investors and owner-users seeking a stable, high-demand rental property in a desirable Madison neighborhood.