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Sold on 09/20/2021
Chas Martin of Sprinkman Real Estate
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24 E Gorham St, Madison, WI 53703

  • $672,000

    Last sold 09/20/2021 for $520K

  • 4

    bed

  • 3

    bath

  • 2,241

    Sqft ($232/Sqft)

Multi-family not for sale
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About 24 E Gorham St

Property type Multi-family
Neighborhood
Year built 1893
HOA fee $0/month
Lot size 4,356 Sqft
Movoto estimate
Rental estimate
Property description
Rare opportunity to own adjacent income generating properties in downtown Madison. This investment property offers 2 stories of rental potential. First floor with 2-Efficiency units and 2nd/3rd floors with one 3-4 bedroom unit with amazing top floor open space. Located just blocks from the capitol square, state street, UW Madison and Lake Mendota this property is walking distance to everything Madison has to offer. Neighboring property sold separately. See MLS# 10910665, 1910669, 1901678 for full portfolio.
Listed by
Listing Agent - Chas Martin
Listing Office - Sprinkman Real Estate
Source: SCWMLS mls logo
MLS#1910665 • last updated 4 years ago
Movoto checked SCWMLS for data 6 minutes ago
Overview
Status Sold
Type Multi Family
SubType Apartment Building, 2 Story
Lot Size (Acres) 0.1
Property Tax 7051
Listing Agent Contact Chas@sprinkmanrealestate.com, 608-334-9042
Listing Office Contact 608-467-9596, Shelly.sprinkman@gmail.com
Listing Office Sprinkman Real Estate
Listing Agent Chas, Martin
Interior
Basement Full, Other Foundation
Exterior
Exterior Wood
# Parking Per Unit None
Amenities / Utilities
Water/ Waste Municipal Sewer, Municipal Water
Miscellaneous Shared Laundry, Close To Bus Line
Location
Area MADISON - C W01
County Dane
School District Madison
High School East
Elementary School Lapham/Marquette
Middle School OKeeffe
APN 0709-144-0716-3
Zoning DR1-HIS-MH
Multifamily Details
Unit 2: Room(s) Eat-in Kitchen, Balcony/patio, Range/oven, Refrigerator, Wood Or Sim. Wood Floor
Unit 1: SqFt 581
Unit 3: Lease Expiration Date 8/14/2022
Unit 3: Room(s) 2nd/3rd Fl, Family/Rec Rm, Eat-in Kitchen, Range/oven, Refrigerator, Dishwasher, Washer/dryer, Wood Or Sim. Wood Floor, In-unit Laundry, Shared Basement
Unit 2: Parking None
Unit 2: Lease Expiration Date 8/14/2022
Unit 3: # Beds 4
Unit 3: Parking None
Unit 1: # Full Baths 1
Unit 2: # Full Baths 1
Unit 3: # Full Baths 1
Unit 3: SqFt 1200
Unit 1: Room(s) Eat-in Kitchen, Range/oven, Refrigerator, Wood Or Sim. Wood Floor, Shared Basement
Unit 3: Monthly Rent 2200
Unit 2: Monthly Rent 700
Unit 1: Monthly Rent 700
Net Operating Income 15101
Total Expenses 25021
$672K
Range: $564K-$779K
Last 30 days 
Rental est.: $3,323/month
Gross rent multiplier: 13.0
  • 24 E Gorham St
    $520K
  • Downtown Madison
    $579K +23% y/y
  • 53703
    $540K +14% y/y
  • Madison
    $450K +5% y/y
No chart available
Statistics calculated by Movoto

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N/A
Lapham Elementary School
public Grades PK, K-2
Madison Metropolitan School District
6/10
O'keeffe Middle School
public Grades 6-8
Madison Metropolitan School District
6/10
East High School
public Grades 9-12
Madison Metropolitan School District
Source: GreatSchools.org © 2026. All rights reserved.

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