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$494,900
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Property Description
Discover a prime rental opportunity near the intersection of S. Mills St. & Drake St. in the sought-after Vilas area. This well-maintained two-unit property offers:Unit #512: A spacious 1,024 sq. ft. unit featuring 2 bedrooms + a den, 1 full bath, a screened front porch, dining area, living room, and basement access with laundry. Currently leased at $1,695/month through 8/14/2025.Unit #512.5: A cozy 608 sq. ft. upper-level unit with 2 bedrooms, 1 full bath, living room, and dining area. Leased at $1,625/month through 8/14/2025. The property is ideally located within walking distance of UW-Madison, Vilas Zoo, the Arboretum, Camp Randall Stadium, and Lake Monona. Excellent for an owner occupant or an investment property. New roof on detached garage in 2024.
Full Property Details
Full Property Details for 512 S Mills St
General
- Sold For: $494,900
- Taxes: $7,519 (2023)
- Status: Closed
- Type: Multi-Family
- Source: Wirex_South_Central_Wisconsin_MLS_Corporation_SCW
- MLS ID: 1988238
- Added to Site: 486 day(s) ago
Parking
- Parking Features: Outside
- Garage Description: Detached
Location
- Municipality: Madison
- County: Dane
- Driving Directions: S. Mills 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 Stories
- Exterior Const.: Vinyl, Aluminum/Steel
- Basement Desc.: Full
- Year Built: 1930
Unit Information
- Units in Building: 2
Unit 1
- Square Feet: 1024
- Bedrooms: 2
Unit 2
- Square Feet: 608
- Bedrooms: 2
Lot Features
- Lot Size Source: Assessor/Public Record
- Zoning: TRC3
Financial Considerations
- Tax Amount: $7,519
- Tax Year: 2023
Disclosures and Reports
- Exclusions: tenant's person property.
- Inclusions: furnace, water heater, 2 stoves, 2 fridges
Listed by Madison Property Management, Inc.
Sold by Berkshire Hathaway HomeServices True Realty
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Schools
Schools serving 512 S Mills St
School District:Madison Metropolitan School District
| Name | Grades | Distance |
|---|---|---|
Franklin Elementary School, Madison, WI 305 West Lakeside Street, Madison, WI 53715 | PK-2 | 0.9 mi |
Hamilton Middle School, Madison, WI 4801 Waukesha Street, Madison, WI 53705 | 6-8 | 2.7 mi |
West High School, Madison, WI 30 Ash Street, Madison, WI 53726 | 9-12 | 1.2 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 512 S Mills St
Date
Details
Price
Change
Source
5/02/2025
Sold
$494,900
-1%
MLS
1/06/2025
Price Reduced
$499,900
-3.85%
MLS
10/22/2024
Listed
$519,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
512 S Mills Street, Madison, WI 53715 (MLS# 1988238) is a Multi-Family property that was sold at $494,900 on May 02, 2025. Want to learn more about 512 S Mills 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.

