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Sold on 06/12/2025
Joshua Pelletter of Rockwood Realty Group
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902-904 E Gorham St, Madison, WI 53703

  • $501,572

    Last sold 06/12/2025 for $420K

  • 3

    bed

  • 2

    bath

  • 2,000

    Sqft ($210/Sqft)

Multi-family not for sale
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About 902-904 E Gorham St

Property type Multi-family
Neighborhood
Year built 1914
HOA fee $0/month
Lot size 3,485 Sqft
Movoto estimate
Rental estimate
Property description
Downtown Madison 2-unit investment opportunity! Main level: 1BR/1Bth, spacious kitchen & large living room. 2nd floor: 2BR/1Bth, newly remodeled bathroom, generous living room, eat-in kitchen. Shared laundry in basement, 3 parking spots in rear - not common in this area! Directly on bus route w/ shelter, perfect for public transit users. Rents include all utilities, significantly below market - serious upside to increase rents or bill back utilities. Exterior needs some TLC, but prime location & parking have always ensured quick rentals. Huge unfinished walk-up attic offers expansion potential. Ideal for investors to grow portfolio, start in downtown Madison, or owner-occupy one unit & rent the other.
Listed by
Listing Agent - Joshua Pelletter
Listing Office - Rockwood Realty Group
Source: SCWMLS mls logo
MLS#1999651 • last updated 1 year ago
Movoto checked SCWMLS for data 10 minutes ago
Overview
Status Sold
Type Multi Family
SubType 2 Story, 2 Flat-up And Down
Lot Size (Acres) 0.08
Property Tax 6693
Listing Agent Contact Josh@rockwoodrealtygroup.com, 608-239-3820
Listing Office Contact 608-239-3820
Listing Office Rockwood Realty Group
Listing Agent Joshua, Pelletter
Interior
Basement Full
Exterior
Exterior Wood
# Outdoor Parking 3
# Parking Per Unit 2 Spaces, Outside
Amenities / Utilities
Water/ Waste Municipal Water, Municipal Sewer
Miscellaneous Shared Laundry, Close To Bus Line, Water Softener Owned, Internet - Cable
Location
Area MADISON - C E01
County Dane
School District Madison
High School East
Elementary School Lapham/Marquette
Middle School OKeeffe
APN 0709-132-0310-8
Zoning TR-C4
Multifamily Details
Unit 2: Room(s) Eat-in Kitchen, Range/oven, Refrigerator, Wood Or Sim. Wood Floor, Individual Heat Control, Shared Basement
Unit 1: SqFt 1000
Unit 2: Parking 1 Space
Unit 2: Lease Expiration Date Mo To Mo
Unit 1: # Full Baths 1
Unit 2: # Full Baths 1
Unit 2: # Beds 2
Unit 1: Room(s) Range/oven, Refrigerator, Individual Heat Control, Wood Or Sim. Wood Floor, Shared Basement
Unit 2: Monthly Rent 1350
Unit 1: Monthly Rent 1225
$501K
Range: $451K-$551K
Last 30 days 
Rental est.: $1,918/month
Gross rent multiplier: 19.1
  • 902-904 E Gorham St
    $420K
  • Tenney-Lapham
    $435K -11% y/y
  • 53703
    $540K +20% y/y
  • Madison
    $450K +4% 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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