820-828 E Dayton Street, Madison, WI 53703
820-828 E Dayton Street, Madison, WI 53703
820-828 E Dayton Street, Madison, WI 53703
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Listed by Conrad Development LLC • info@conraddevelopment.com
$2,100,000
Est. payment /mo
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7 Beds
4 Baths
3,007 SqFt
Price Dropped by $200K

820-828 E Dayton Street Madison, WI 53703

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Key Details

Property Type Multi-Family

Sub Type Apartment building,2 flat-up and down

Listing Status Active

Purchase Type For Sale

Square Footage 3,007 sqft

Price per Sqft $698

MLS Listing ID 2019012

Bedrooms 7

Full Baths 4

Year Built 1897

Annual Tax Amount $35,550

Tax Year 2025

Lot Size 0.450 Acres

Acres 0.45

Property Sub-Type Apartment building,2 flat-up and down

Property Description

Rare 4-parcel, 7-unit portfolio in Madison's core Isthmus - the city's most walkable, in-demand location. Combines true neighborhood feel w/immediate access to downtown, restaurants, grocery, entertainment, parks, major employers & the Capitol 8 blocks away. Includes 820, 822, 824 & 828 E Dayton St. Compelling opportunity for investors seeking current income+upside, multifamily developers pursuing scarce assemblage scale, & smaller owners wanting control of a rarely available Isthmus footprint. Opportunities to acquire this kind of assembly in this location are few & far between, which is exactly why the value proposition is so compelling. Pricing is competitive, current rents offer upside relative to price per SF, & raw land pricing for development has moved dramatically in recent years. Hold, renovate, reposition, or redevelop. Rare scale, rare location, rare opportunity. $165k gross revenue, $119,500 NOI Parcel #'s: 0709-132-1011-1, 0709-132-1012-9, 0709-132-1013-7, 0709-132-1014-5.

Location

State WI

County Dane

Area Madison - C E01

Zoning TR-V1

Direction E Dayton St between Paterson between Livingston and Paterson.

Rooms

Basement Full

Interior

Heating Radiant

Inclusions All appliances, mechanicals, window coverings.

Heat Source Natural Gas

Exterior

Parking Features 2 stall garage, Detached, 2 spaces, Outside

Utilities Available Separate elec meters, Separate gas meters

Building

Water Municipal sewer, Municipal water

Structure Type Wood

Schools

Elementary Schools Lapham/Marquette

Middle Schools Okeeffe

High Schools East

School District Madison


South Central Wisconsin MLS (SCWMLS)

NEARBY SCHOOL & BUSINESS

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Jean Knickelbine

Jean Knickelbine

Realtor | License ID: 78536-94

+1(608) 345-2600

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820-828 E Dayton Street