405 Washburn Place

Madison, WI 53703

$610,000
Price
2
Beds
4
Baths
2,300 Sq. Ft.
$265 / Sq. Ft.
2,300
Sq. Ft.
$265
per Sq. Ft.

Description

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...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.
  1. Listed by Jim Stopple • Madison Property Management, Inc.
  2. Listed by Tony Xiong • Madison Property Management, Inc.

Property Details for 405 Washburn Place

Zoning
TRV2-WP24

Location

Listing Courtesy of Madison Property Management, Inc.
Add your commute
LISTING UPDATED: 03/18/2024 02:35 PM

Property Details for 405 Washburn Place

StatusActive
MLS #1968080
Days on Market146
Taxes$8,238 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / 2 story
Year Built1907
Lot Size0.12 AC / 5,227 SF
CountyDane County

Location

Listing Courtesy of Madison Property Management, Inc.
Add your commute

Building Information for 405 Washburn Place

Stories-Residences4Year Built1907Building Size-Lot Size0.12 AC / 5,227 SF

Payment Calculator

$4,016 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,329

Property Taxes

$687

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 405 Washburn Place

Summary
Location and General Information
  • C/T/V: City
  • County: Dane
  • County Qtr Section: East Metro Madison
  • Directions: E. Gorham St., to Washburn Place
  • Location: MADISON - C E01
  • Mailing City: Madison
  • Municipality: Madison
  • State: WI
  • Zip: 53703
Parking
  • Park/Unit: Outside
  • Parking Spaces Outside: 0
  • Parking Stalls Inside: 0
School Information
  • Elementary: Lapham/Marquette
  • High School: East
  • Middle School: OKeeffe
  • School District: Madison
Taxes and HOA Information
  • Net Taxes: $8,238.00
  • Parcel ID: 0709-132-0710-0
  • Tax Year: 2022
Property
Property and Assessments
  • Class: Multi Family
  • Improvements: 347000
  • Land Assess: $98,000.00
  • Legal Documents: Income/Exp Report Avail
  • Total Assess: $445,000.00
  • Total Assess Year: 2023
  • Type: 2 story, 2 flat-up and down
  • Year Built: 1907
Lot Information
  • Estimated Total Acres: 0.12
  • Source of Est. Acres: Assessor
  • Source of Year Built: Assessor
Utilities
  • Utilities: Separate elec meters
  • Water/Waste: Municipal water, Municipal sewer
Interior and Exterior Features
Exterior Features
  • Exterior: Vinyl, Aluminum/Steel
Interior Features
  • Number of Dish Washers: 0
  • Number of Dryers: 1
  • Number of Furnaces: 1
  • Number of Stoves: 4
  • Number of Refrigerators: 4
  • Number of Washers: 1
  • Number of Water Heaters: 1
  • Number of Water Softeners: 0
  • Basement: Full, Walkout to yard
  • Heating Fuel: Natural Gas
  • Heating Type: Forced air
  • Number of Efficiencies: 2
Room Information
Bedrooms
  • Number of 1 Bedrooms: 2
  • Number of 2 Bedrooms: 0
  • Number of 3+ Bedrooms: 0
Multi Family
Unit Information
  • Number of Units w/AC: 0
  • Number of Units: 4
Income & Expenses Information
  • Total Income: $47,040
Unit 1
  • U1 Landlord Pays Heat: Yes
  • U1 Landlord Pays Electric: No
  • U1 Landlord Pays Water/Sewer: Yes
  • Unit 1: Family/Rec rm,Eat-in kitchen
  • U1 Parking: Street
  • U1 Number of Bedrooms: 0
  • U1 Full Baths: 1
  • U1 Half Baths: 0
  • U1 SqFt: 500
  • Unit 1 Kitchen Level: M
  • Unit 1 Living/Great Room Level: M
  • Unit 1 Primary BedRoom Level: U
  • Unit 1 Kitchen Dimensions: 12x12
  • Unit 1 Living/Great Room Dimensions: 12x14
  • Unit 1 Primary BedRoom Dimensions: 0x0
Unit 2
  • U2 Landlord Pays Heat: Yes
  • U2 Landlord Pays Electric: No
  • U2 Landlord Pays Water/Sewer: Yes
  • Unit 2: Family/Rec rm,Eat-in kitchen
  • U2 Parking: Street
  • U2 Number of Bedrooms: 0
  • U2 Full Baths: 1
  • U2 Half Baths: 0
  • U2 SqFt: 500
Unit 3
  • Unit 3: Family/Rec rm,Eat-in kitchen
  • U3 Parking: Street
  • U3 Number of Bedrooms: 1
  • U3 Full Baths: 1
  • U3 SqFt: 650
  • U3 Landlord Pays Heat: Yes
  • U3 Landlord Pays Electric: No
  • U3 Landlord Pays Water/Sewer: Yes
Unit 4
  • Unit 4: Family/Rec rm,Eat-in kitchen
  • U4 Parking: Street
  • U4 Number of Bedrooms: 1
  • U4 Full Baths: 1
  • U4 Landlord Pays Heat: Yes
  • U4 Landlord Pays Electric: No
  • U4 Landlord Pays Water/Sewer: Yes
  • U4 SqFt: 650

Property History for 405 Washburn Place

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 405 Washburn Place

Taxable ValueLand$89,000Additions$331,000Total$420,000
Tax Record2021$7,761 ($647 / month)
Home Facts
Baths4Total Finished SqFt2,594 SqFtAbove Grade Finished SqFt2,594 SqFtStories2Lot Size5,247 SqFtStyleQuadraplexYear Built1907Year Renovated1966ZoningTR-V2 WP-24CountyDANEAPN0709-132-0710-0

Schools near 405 Washburn Place

This home is within Madison Metropolitan School District.
Rating
School
Type
Grades
Distance
Public - PK to 2
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Lapham Elementary School
PublicPK to 2

O'keeffe Middle School
Public6 to 8

East High School
Public9 to 12

Aero Alt Ed Resource Option
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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405 Washburn Place is a multi-family home for sale in Madison, WI 53703. This property was listed for sale on December 5, 2023 by Madison Property Management, Inc., it's currently listed at $610,000. It has been on the market for a total of 146 days and was last sold on August 20, 2012. This listing's school district is Madison Metropolitan School District. Nearby schools include Lapham Elementary School, O'keeffe Middle School and East High School. 405 Washburn Place is a 2-bed, 4-bath, 2,300 sqft multi-family home built in 1907.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Madison Property Management, Inc.

Based on information from one of the following Multiple Listing Services: Metro Multiple Listing Service (Metro MLS), REALTORS Association of Northeast Wisconsin. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Metro Multiple Listing Service (Metro MLS), REALTORS Association of Northeast Wisconsin is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Data last updated on 03/18/2024 02:35 PM Listing presented by Compass RE WI-Tosa. Information is supplied by seller and other third parties and has not been verified. Copyright 2024 – WiREx. – All Rights Reserved