450 West Doty Street

Madison, WI 53703

$744,900
Price
4
Beds
4
Baths
2,392 Sq. Ft.
$311 / Sq. Ft.
2,392
Sq. Ft.
$311
per Sq. Ft.

Description

Rare investment opportunity to own a 5-unit on the isthmus; property offered under assessment, seller looking to downsize. Unit 5 is mo-to-mo w/lease ending 7/27/2024; $1,000@mo +$85 parking; private rear deck, 2 separate living rooms. 1 driveway parking space, street parking for others. All units are below market rents, seller was slowly moving up rents. Very easy to rent, often there is a wait list. Showings require a min of 12 hours advance notice due to all units being rented. All main/unit doors...Rare investment opportunity to own a 5-unit on the isthmus; property offered under assessment, seller looking to downsize. Unit 5 is mo-to-mo w/lease ending 7/27/2024; $1,000@mo +$85 parking; private rear deck, 2 separate living rooms. 1 driveway parking space, street parking for others. All units are below market rents, seller was slowly moving up rents. Very easy to rent, often there is a wait list. Showings require a min of 12 hours advance notice due to all units being rented. All main/unit doors have code locks for entry, $1k upgrade. Leases/income available to verified buyers only. New roof in 2015, new boiler 2023, approx. 40% of wood siding replaced in 2010, additional cedar siding remaining in basement. Property sold with Trustee's Deed; "As Is-As Found".
  1. Listed by Jim Espeseth • United Real Estate Corp

Property Details for 450 West Doty Street

Subdivision
Original Plat of city of Madison
Zoning
DR2

Location

Listing Courtesy of United Real Estate Corp
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LISTING UPDATED: 06/04/2024 06:51 PM

Property Details for 450 West Doty Street

StatusActive
MLS #1977002
Days on Market38
Taxes$12,341 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / 3 story
Year Built1899
Lot Size0.05 AC / 2,178 SF
CountyDane County

Location

Listing Courtesy of United Real Estate Corp
Add your commute

Building Information for 450 West Doty Street

Stories-Residences5Year Built1899Building Size-Lot Size0.05 AC / 2,178 SF

Payment Calculator

$5,094 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,065

Property Taxes

$1,028

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 450 West Doty Street

Summary
Location and General Information
  • C/T/V: City
  • County: Dane
  • County Qtr Section: West Metro Madison
  • Directions: Located 1 parcel northeast of the corner of S Bassett St and W Doty St. Two block southeast of W Washington Ave, 1 block northwest of W Wilson St.
  • Location: MADISON - C W01
  • Mailing City: Madison
  • Municipality: Madison
  • State: WI
  • Zip: 53703-5300
Parking
  • Park/Unit: 1 space
  • Parking Spaces Outside: 1
  • Parking Stalls Inside: 0
School Information
  • Elementary: Franklin/Randall
  • High School: West
  • Middle School: Hamilton
  • School District: Madison
Taxes and HOA Information
  • Net Taxes: $12,341.00
  • Parcel ID: 0709-231-2623-3
  • Tax Year: 2024
Property
Property and Assessments
  • Class: Multi Family
  • Improvements: 645000
  • Land Assess: $100,000.00
  • Legal Documents: Lease(s) on file
  • Miscellaneous: Shared laundry, Close to bus line
  • Total Assess: $745,000.00
  • Total Assess Year: 2024
  • Type: 3 story
  • Year Built: 1899
Lot Information
  • Estimated Total Acres: 0.05
  • Source of Est. Acres: Assessor
  • Source of Year Built: Assessor
Utilities
  • Water/Waste: Municipal water, Municipal sewer
Interior and Exterior Features
Exterior Features
  • Exterior: Wood
Interior Features
  • Items Included: 5 stoves and 5 refrigerators are included. Some units have window a/c units; these are owned by the tenant(s). 2 units want to extend lease by 1 yr. Ask Seller re: leases.
  • Items Excluded: Washer and Dryer in the basement are coin-op and are rented, agreement in place can transfer. Tenants & Owners Personal Property Excluded.
  • Number of Dish Washers: 0
  • Number of Dryers: 1
  • Number of Furnaces: 1
  • Number of Stoves: 5
  • Number of Refrigerators: 5
  • Number of Washers: 1
  • Number of Water Heaters: 1
  • Number of Water Softeners: 0
  • Basement: Full
  • Heating Fuel: Natural Gas
  • Heating Type: Steam
  • Number of Efficiencies: 0
Room Information
Bedrooms
  • Number of 1 Bedrooms: 4
  • Number of 2 Bedrooms: 1
  • Number of 3+ Bedrooms: 0
Multi Family
Unit Information
  • Number of Units w/AC: 0
  • Number of Units: 5
Income & Expenses Information
  • Total Income: $52,781
Unit 1
  • U1 Landlord Pays Heat: Yes
  • U1 Landlord Pays Electric: Yes
  • U1 Landlord Pays Water/Sewer: Yes
  • Unit 1: Range/oven,Refrigerator,Wood or sim. wood floor,Shared basement
  • U1 Parking: Street
  • U1 Number of Bedrooms: 1
  • U1 Full Baths: 1
  • U1 Half Baths: 0
  • U1 SqFt: 598
  • Unit 1 Living/Great Room Level: M
  • Unit 1 Primary BedRoom Level: M
  • Unit 1 Kitchen Dimensions: 0x0
  • Unit 1 Living/Great Room Dimensions: 0x0
  • Unit 1 Primary BedRoom Dimensions: 0x0
Unit 2
  • U2 Landlord Pays Heat: Yes
  • U2 Landlord Pays Electric: Yes
  • U2 Landlord Pays Water/Sewer: Yes
  • Unit 2: Range/oven,Refrigerator,Wood or sim. wood floor,Shared basement
  • U2 Parking: Street
  • Unit 2 Kitchen Dimensions: 0x0
  • Unit 2 Living/Great Rm Dimensions: 0x0
  • Unit 2 Primary BedRm Dimensions: 0x0
  • U2 Number of Bedrooms: 1
  • U2 Full Baths: 1
  • U2 Half Baths: 0
  • U2 SqFt: 598
Unit 3
  • Unit 3: Balcony/patio,Range/oven,Refrigerator,Wood or sim. wood floor,Shared basement
  • U3 Parking: Street
  • U3 Number of Bedrooms: 1
  • U3 Full Baths: 1
  • U3 Half Baths: 0
  • U3 SqFt: 598
  • U3 Landlord Pays Heat: Yes
  • U3 Landlord Pays Electric: Yes
  • U3 Landlord Pays Water/Sewer: Yes
Unit 4
  • Unit 4: Range/oven,Refrigerator,Wood or sim. wood floor,Shared basement
  • U4 Half Baths: 0
  • U4 Parking: Street
  • U4 Number of Bedrooms: 1
  • U4 Full Baths: 1
  • U4 Landlord Pays Heat: Yes
  • U4 Landlord Pays Electric: Yes
  • U4 Landlord Pays Water/Sewer: Yes
  • U4 SqFt: 598

Property History for 450 West Doty Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 450 West Doty Street

Taxable ValueLand$91,000Additions$589,000Total$680,000
Tax Record2022$12,736 ($1,061 / month)
Home Facts
Baths5Total Finished SqFt3,211 SqFtAbove Grade Finished SqFt3,211 SqFtStories3Lot Size2,178 SqFtStyleMulti-Family Res (5+ Units)Year Built1899Year Renovated1965ZoningDR2CountyDANEAPN0709-231-2623-3

Schools near 450 West Doty Street

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 - 4 to 12
Rating
School
Distance
Franklin Elementary School
PublicPK to 2

Hamilton Middle School
Public6 to 8

West High School
Public9 to 12

Metro School
Public4 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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450 West Doty Street is a multi-family home for sale in Madison, WI 53703. This property was listed for sale on May 13, 2024 by United Real Estate Corp, it's currently listed at $744,900. This listing's school district is Madison Metropolitan School District. Nearby schools include Franklin Elementary School, Hamilton Middle School and West High School. 450 West Doty Street is a 4-bed, 4-bath, 2,392 sqft multi-family home built in 1899.

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 United Real Estate Corp

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 06/04/2024 06:51 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