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$570,000
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Property Description
Solid two-flat home in the coveted campus/Monroe Street neighborhood! Both units are significantly below market rents and there is huge potential for rent increases this fall when the leases expire at the end of June. Both flats have beautiful original hardwood floors, generous sized living rooms and they are flooded with natural sunlight. The two-car garage off of the alley is a huge attraction for renters. Located just steps to UW and all the Monroe St shops, this location is top tier. The poured concrete foundation and updated mechanicals make this a turn-key investment property. 24 hour notice required.
Full Property Details
Full Property Details for 1632 Madison St
General
- Price: $570,000
- Taxes: $8,205 (2024)
- Status: Active
- Type: Multi-Family
- Source: Wirex_South_Central_Wisconsin_MLS_Corporation_SCW
- MLS ID: 2015508
- Updated: 1/27/2026
- Added to Site: 25 day(s) ago
Parking
- Garage: Yes
- Garage Spaces: 1
- Garage Description: 1 Car, Detached
Location
- Municipality: Madison
- County: Dane
- Driving Directions: Monroe St to Garfield St to Madison St
School Information
- School District: Madison
- Elementary School: Franklin/Randall
- Middle School: Hamilton
- High School: West
Heating & Cooling
- Heating Fuel: Natural Gas
- Heating/Cooling: Forced Air
Utilities
- Water/Sewer: Municipal Water, Municipal Sewer
Structural Information
- Description/Design: 2 Flat Up and Down
- Exterior Const.: Aluminum/Steel
- Basement Desc.: Full, Poured Concrete, Block
- Year Built: 1923
Unit Information
- Units in Building: 2
Unit 1
- Square Feet: 958
- Bedrooms: 1
Unit 2
- Square Feet: 952
- Bedrooms: 2
- Primary Bedroom: Upper Level, 12 x 11
- Bedroom 2: Upper Level, 13 x 9
- Living Room: Upper Level, 19 x 17,
- Kitchen: Upper Level, 11 x 10,
Lot Features
- Lot Size Source: Assessor/Public Record
- Zoning: TR-C4
Financial Considerations
- Tax Amount: $8,205
- Tax Year: 2024
Disclosures and Reports
- Exclusions: window AC units
- Inclusions: 2 refrigerators, 2 ranges, 1 washer (operational) 1 washer (needs repair), dryer
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Schools
Schools serving 1632 Madison St
School District:Madison Metropolitan School District
| Name | Grades | Distance |
|---|---|---|
Randall Elementary School 1802 Regent Street, Madison, WI 53726 | 3-5 | 0.2 mi |
Franklin Elementary School, Madison, WI 305 West Lakeside Street, Madison, WI 53715 | PK-2 | 1.5 mi |
Hamilton Middle School, Madison, WI 4801 Waukesha Street, Madison, WI 53705 | 6-8 | 2.2 mi |
West High School, Madison, WI 30 Ash Street, Madison, WI 53726 | 9-12 | 0.7 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1632 Madison St
Date
Details
Price
Change
Source
1/26/2026
Listed
$570,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1632 Madison St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$8,205
3%
$468,200
7%
2022
$7,944
3%
$437,600
8%
2021
$7,692
3%
$405,200
12%
2021
$7,448
—
$361,800
8%
2020
$7,448
3%
$335,000
3%
2019
$7,256
5%
$325,200
5%
2018
$6,897
6%
$309,700
10%
2017
$6,537
2%
$281,500
5%
2016
$6,397
3%
$268,100
4%
2015
$6,215
4%
$257,800
5%
2014
$5,948
-8%
$245,500
—
2013
$6,432
—
$245,500
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1632 Madison St
1632 Madison Street, Madison, WI 53711 (MLS# 2015508) is a Multi-Family property with units containing 0 bedrooms and 0 full bathrooms. 1632 Madison Street is currently listed for $570,000 and was received on January 26, 2026. Want to learn more about 1632 Madison Street? Do you have questions about finding other Multi-Family real estate for sale in Madison? You can browse all Madison real estate or contact a Coldwell Banker agent to request more information.

