About 18 W Gilman Street
Rare opportunity to own a 4-unit investment property in Madison's highly desirable Mansion Hill neighborhood. Excellent location near the Capitol, UW-Madison campus, State Street and downtown amenities. Property features a desirable unit mix consisting of one 3-bedroom, one 2-bedroom and two 1-bedroom apartments, plus a 2-car garage and 2 additional surface parking spaces. Proforma gross annual income of $81,422 with leases in place through August 14, 2027. Historic 1882 property features hardwood floors and ornate woodwork along with recent improvements including exterior painting (2026), new furnace (2025), EPDM roof and railing above garage (2024), partial roof shingle replacements and coin-operated dryer. Legacy property held by current ownership for 18 years.
Features of 18 W Gilman Street
| MLS® # | 2032800 |
|---|---|
| Price | $975,000 |
| Year Built | 1882 |
| Type | Multi Family |
| Status | Active |
Community Information
| Address | 18 W Gilman Street |
|---|---|
| Area | MADISON - C W01 |
| City | Madison |
| County | Dane |
| State | WI |
| Zip Code | 53703 |
Amenities
| Utilities | Electric Included, Heat Included, Sewer Included, Water Included |
|---|
Interior
| Heating | Forced air |
|---|
Exterior
| Exterior | Wood |
|---|
School Information
| District | Madison |
|---|---|
| Elementary | Lapham/Marquette |
| Middle | OKeeffe |
| High | East |
Additional Information
| Zoning | DR1-HIS-MH |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Cresa |
|---|
