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$1,345,000

  • For Sale
  • Active
  • Multi-Family
  • Updated 2 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 W 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: 5/20/2026
  • Added to Site: 10 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 W Mifflin St —

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NMLS#: 1598647

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