405 Washburn Place, Madison, WI 53703 $610,000

405 Washburn Place, Madison BD: 0 BA: 1 $610,000 Active

  • Residential Income
  • Status: Active
  • County: Dane
  • Acreage: 0.12
  • Elementary School: Lapham/Marquette
  • Middle School: OKeeffe
  • High School: East
  • Property Taxes: $8,238
  • Property Tax Year: 2022
  • MLS#: 1968080
  • Listing Company: Madison Property Management, Inc.
  • Zip Code: 53703
  • Number of Units: 4
  • Unit Type 1 Avg Rent: $645
  • Unit 1 Parking: Street
  • Unit Type 2 Avg Rent: $890
  • Unit 2 Parking: Street
  • Unit Type 3 Avg Rent: $1,095
  • Unit 3 Parking: Street
  • Unit Type 4 Avg Rent: $990
  • Unit 4 Parking: Street

405 Washburn Place, Madison, WI 53703 - 4 unit rental property located near the intersection of W. Gorham St. and Washburn Place just one block from Lake Mendota. Highly desirable location just one mile from downtown Madison and walking distance to many local restaurants, entertainment, Festival Foods and other retailers. Units 405 & 407 Washburn Place are both 500 sq.ft. studios with 1 bath each. Units 407 & 409 Washburn Place are both 650 sq.ft. with 1 bed and 1 bath each. Fully leased out until 2025. The current total monthly rent is $3,920/month for the 2023-2024 rental season. Rents will increase to $5,065/month for the 2024-2025 rental season.

Additional Features
  • Full, Walkout to yard
  • Water Waste: Municipal sewer, Municipal water
  • 2 flat-up and down, 2 story
  • Construction Type: E
  • Waterfront/Access: N
Property History
MLS Number New Status Previous Status Activity Date New List Price Previous List Price Sold Price DOM
1968080 Feb 23 2024 8:46AM $610,000 $625,000 155
1968080 Active Dec 5 2023 9:46AM $625,000 155

Estimated Monthly Payment

$3,287 per month
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