Listing Office: Madison Property Management, Inc.

405 Washburn Place, Madison, WI

$610,000

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About 405 Washburn Place

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.

Features of 405 Washburn Place

MLS® # 1968080
Price $610,000
Year Built 1907
Type Multi Family
Status Active

Community Information

Address 405 Washburn Place
Area MADISON - C E01
City Madison
County Dane
State WI
Zip Code 53703

Amenities

Utilities Separate elec meters

Interior

Heating Forced air

Exterior

Exterior Vinyl, Aluminum

School Information

District Madison
Elementary Lapham/Marquette
Middle OKeeffe
High East

Additional Information

Zoning TRV2-WP24
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeMadison Property Management, Inc.

Listing Map

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