LKV Realty
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No listing photo
$1,080,000
$6,000Reward *
554 W Mifflin Street, Madison, WI 53703Listing ID 2023152

554 W Mifflin Street, Madison, WI 53703

Active
W01
Time on site: 92 days • Last updated: Aug 5, 2026
Property Type
Property Type
Multi Family
Property Sub Type
Property Sub Type
-
Acres
Acres
0.05
Days on Site
Days on Site
92
Heating
Heating
Forced Air, Natural Gas
Year Built
Year Built
1904
Parking
Parking

An exceptional opportunity in downtown Madison, WI, this 3-unit, 9-bedroom is the closest house on Mifflin to campus with great southern light, full front decks, and rear exit decks. Each unit in this turn-key property is leased thru 08/2027 and offers a spacious and practical layout, including a full kitchen, three bedrooms, one bathroom, and a comfortable living area. Tenants appreciate the updated basement with storage and laundry. Additional income is generated through four on-site parking spaces. Tenants are responsible for electricity, garbage/recycling, cleaning, and snow removal. With gross income of $108,900 for 2026/2027 and several rents below market, a new buyer has the potential to earn an even greater return on their investment through future lease adjustments. Cap rate of 8.19% per seller.

Property Information

Property Details

Location

Address
554 W Mifflin Street
County
Dane
City
Madison
Zip Code
53703
Subdivision
W01
School District
Madison
High School
West
Elementary School
Franklin/Randall
MLS Area
W01

Interior Features

Heating and Cooling

Heating
Forced Air, Natural Gas

Building

Building Information

Year Built
1904
Construction
Vinyl Siding

Property Taxes

Tax Annual Amount
$12,341
Tax Year
2025
Madcityhomes.Com, (608) 438-3150

Market Report for 53703

* The market data shown is based on available information from Multiple Listing Service (MLS) and/or public records. Data provided is for informational and educational purposes only and may not represent the full housing market. For more accurate information, consumers should consult a certified appraiser or licensed real estate agent.

*Average of $2,150 in rewards is calculated based on the purchase or sale of a home between $400,000 to $449,000. The median home price for all housing types is in the United States is $405,400 as of 2025 as reported by the National Association of Realtors® (NAR). The actual reward amount may vary depending on the purchase or sales price of the home. Please see the Lakeview Home Rewards program terms and conditions for more details. The National Association of Realtors® is a registered trademark of the National Association of Realtors®.

Source: South Central WI MLS
South Central WI MLS logo

IDX information is provided exclusively 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. Copyright 2026 South Central Wisconsin MLS Corporation. All rights reserved.

For corrections to this data please contact Brytecore MLS Support.

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