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$1,345,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • Updated 3 days ago
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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.

Full Property Details for 554 Mifflin St

General

  • Price: $1,345,000
  • Taxes: $12,341 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: Wirex_South_Central_Wisconsin_MLS_Corporation_SCW
  • MLS ID: 2023152
  • Updated: 5/13/2026
  • Added to Site: 3 day(s) ago

Parking

  • Parking Features: 1 Space

Location

  • Municipality: Madison
  • County: Dane
  • Driving Directions: W Washington To N Bedford to W Mifflin 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
  • Utility Description: Separate Electric Meters

Structural Information

  • Description/Design: 3 or More Stories
  • Exterior Const.: Vinyl
  • Basement Desc.: Full
  • Year Built: 1904

Unit Information

  • Units in Building: 3

Unit 1

  • Square Feet: 912
  • Bedrooms: 3

Unit 2

  • Square Feet: 912
  • Bedrooms: 3
  • Primary Bedroom: Upper Level, 11 x 10
  • Living Room: Upper Level, 12 x 11,
  • Kitchen: Upper Level, 13 x 11,

Unit 3

  • Bedrooms: 3

Lot Features

  • Lot Size Source: Assessor/Public Record
  • Zoning: Dr2

Financial Considerations

  • Tax Amount: $12,341
  • Tax Year: 2025

Disclosures and Reports

  • Exclusions: window AC units
  • Inclusions: 3 refrigerators, 3 ranges, 1 dishwasher, washer, dryer

Listed by Madcityhomes.Com

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— 554 Mifflin St —

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Schools serving 554 Mifflin St

School District:Madison Metropolitan School District
NameGradesDistance
Franklin Elementary School, Madison, WI
305 West Lakeside Street, Madison, WI 53715
PK-21 mi
Randall Elementary School
1802 Regent Street, Madison, WI 53726
3-51.2 mi
Hamilton Middle School, Madison, WI
4801 Waukesha Street, Madison, WI 53705
6-83.3 mi
West High School, Madison, WI
30 Ash Street, Madison, WI 53726
9-121.7 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 554 Mifflin St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/13/2026
Listed
$1,345,000
47.96%
MLS
8/22/2025
Sold
$909,000
—
Public Record
Get Price Alerts and Save Property
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 for 554 Mifflin St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$10,740
—
$611,400
7%
2022
$10,699
-3%
$571,400
5%
2021
$11,057
10%
$544,200
5%
2021
$10,047
—
$518,300
15%
2020
$10,047
5%
$450,700
5%
2019
$9,602
—
$429,200
—
2018
$9,588
-3%
$429,200
—
2017
$9,934
2%
$429,200
5%
2016
$9,720
4%
$408,800
5%
2015
$9,348
4%
$389,300
5%
2014
$8,983
1%
$370,800
3%
2013
$8,880
—
$360,000
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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554 Mifflin Street, Madison, WI 53703 (MLS# 2023152) is a Multi-Family property with units containing 0 bedrooms and 0 full bathrooms. 554 Mifflin Street is currently listed for $1,345,000 and was received on May 13, 2026. Want to learn more about 554 Mifflin 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.

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