Madison, WI 53716,1321-1323 S THOMPSON Drive
Madison, WI 53716,1321-1323 S THOMPSON Drive
Madison, WI 53716,1321-1323 S THOMPSON Drive
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$525,000
Est. payment /mo
0.36 Acres Lot
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Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision Sunrise Meadows

MLS Listing ID 2012546

Year Built 1980

Annual Tax Amount $9,424

Tax Year 2024

Lot Size 0.361 Acres

Acres 0.361

Property Description

Showings begin 11/22. Great opportunity to own a well-maintained duplex in East Madison?s Sunrise Meadows neighborhood, close to parks and Elvehjem Elementary. One unit is vacant and the other is rented month-to-month, allowing immediate rental income or owner-occupancy. Current rent is well below market, creating strong upside potential. Estimated market rent is $2,545 per side, $5,090 total/month. Each unit offers 1,278 sq ft, an open layout, fireplace, attached 1-car garage, and finished lower level. Spacious yards and private entrances enhance livability. Perfect for house hacking or adding to your investment portfolio. Separate utilities already in place. Ideal for long-term income or short-term value add. A rare find with cash flow potential from day one in a desirable location with

Location

State WI

County Dane

Zoning SR-C3

Rooms

Basement Exposed, Full Size Windows, Partially Finished

Interior

Heating Natural Gas

Cooling Forced Air

Inclusions See Addendum R

Exterior

Exterior Feature Aluminum/Steel, Brick

Parking Features 1 Car, Attached

Garage Spaces 1.0

Utilities Available Separate Electric Meters, Separate Gas Meters

Building

Dwelling Type Duplex - Side By Side,Duplex

Story 1 - 2

Sewer Municipal Water, Municipal Sewer

New Construction N

Schools

Elementary Schools Elvehjem

Middle Schools Sennett

High Schools Lafollette

School District Madison


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Listed by Real Broker LLC