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Sold on 10/21/2024
The Hub Team of The Hub Realty
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509 E Gorham St, Madison, WI 53703

  • $466,000

    Last sold 10/21/2024 for $3.4M

  • 9

    bed

  • 4

    bath

  • 3,431

    Sqft ($991/Sqft)

Multi-family not for sale
Movoto is helping 18 homebuyers near you

About 509 E Gorham St

Property type Multi-family
Neighborhood
Year built 1890
HOA fee $0/month
Lot size 0.65 Acre
Movoto estimate
Parking 2 garage spaces
Property description
Once in a generation opportunity to secure 7 adjacent buildings on the Isthmus!!! 7 properties, 15 units & a total of 36 bedrooms. These properties are all fully leased through 8/14/2025 and are professionally managed by Birwood Property Management. Two properties overlook James Madison Park & Lake Mendota. All 7 properties are contiguous, allowing for ultimate flexibility on parking and efficient maintenance, lawn and snow care. These are being offered as a package, so please be prepared to submit an offer on all 7 properties prior to scheduling any showings. Market rents should be an average of ~$850-900/bedroom + parking + utility income + laundry.
Listed by
Listing Agent - The Hub Team
Listing Office - The Hub Realty
Source: SCWMLS mls logo
MLS#1984626 • last updated 1 year ago
Movoto checked SCWMLS for data 35 minutes ago
Overview
Status Sold
Type Multi Family
SubType Apartment Building
Lot Size (Acres) 0.647
Property Tax 51458
Listing Agent Contact Hello@thehubrealty.com, 608-556-4400
Listing Office Contact 608-556-4400, Hello@thehubrealty.com
Listing Office The Hub Realty
Listing Agent The Hub, Team
Interior
Basement Full
Exterior
Exterior Other
# Outdoor Parking 8
# Indoor Stalls 2
# Parking Per Unit 1 Space
Amenities / Utilities
Water/ Waste Municipal Water, Municipal Sewer
Location
Area MADISON - C E01
County Dane
School District Madison
High School East
Elementary School Lapham/Marquette
Middle School OKeeffe
APN 70913313048
Zoning DR1
Multifamily Details
Unit 1: SqFt 1757
Unit 2: Parking 1 Space
Unit 2: Lease Expiration Date 08/14/2025
Unit 1: # Full Baths 2
Unit 2: # Full Baths 1
Unit 2: # Beds 5
Unit 2: # Half Baths 1
Unit 2: Monthly Rent 2400
Unit 1: Monthly Rent 2600

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Nearby homes for sale in Madison, WI

  • Real Estate
  • WI
  • Dane County
  • Madison
  • 53703
  • Downtown Madison
  • 509 E Gorham St
$466K
Range: $382K-$549K
Last 30 days 

Nearby recently sold homes in Madison, WI

  • 509 E Gorham St
    $3.4M
  • Downtown Madison
    $450K -22% y/y
  • 53703
    $510K -7% y/y
  • Madison
    $444K +4% y/y
No chart available
Statistics calculated by Movoto
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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