Don't miss this investment opportunity in the desirable Marquette neighborhood to build your Madison portfolio. This 3-flat home (ea unit 2 bed, 1 bath) is full of old world charm & has been well-maintained by the sellers & tenants. You'll immediately notice the stunning curb appeal & handsome brickwork! Inside, the original hardwood flooring, arched doorways, & crown molding create a warm & classy aesthetic. Bonus: a 4-car garage & new balconies on ea floor help renters enjoy outdoor space, too. Plus, 3 new furnaces! What's more, you're just one block from Lake Monona, two blocks from Orton Park- home to many summer festivals and family fun, and two blocks from Willy Street shopping & dining. Rents increase on 8/15/25- $1860 (#2); $1780 (#3), #1 possible owner occupy.
Closed
$922,000
1342 Rutledge Street, Madison, WI 53703
6beds
3,656sqft
Multi Family
Built in 1932
-- sqft lot
$928,700 Zestimate®
$252/sqft
$2,781 Estimated rent
Home value
$928,700
$882,000 - $975,000
$2,781/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: August 19, 2025 at 08:30pm
Listed by:
Shelley Lazzareschi shelley@madcitydreamhomes.com,
Realty Executives Cooper Spransy,
Dan Miller 608-852-7071,
Realty Executives Cooper Spransy
Bought with:
Shelley Lazzareschi
Source: WIREX MLS,MLS#: 1997126
Originating MLS: South Central Wisconsin MLS
Originating MLS: South Central Wisconsin MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Natural Gas, Forced Air
Appliances
- Included: Water Softener
Features
- Basement: Full
- Has fireplace: No
Interior area
- Total structure area: 3,656
- Total interior livable area: 3,656 sqft
Property
Parking
- Parking features: Detached
- Has garage: Yes
Features
- Levels: Three Or More
- Stories: 3
Lot
- Size: 5,662 sqft
Details
- Parcel number: 071007303292
- Zoning: TR-V1
- Special conditions: Arms Length
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick, Stone
Condition
- 21+ Years
- New construction: No
- Year built: 1932
Utilities & green energy
- Electric: Separate Electric Meters
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Separate Electric Meters, Separate Gas Meters
Community & neighborhood
Location
- Region: Madison
- Subdivision: Marquette
- Municipality: Madison
Price history
| Date | Event | Price |
|---|---|---|
| 8/19/2025 | Sold | $922,000-5.4%$252/sqft |
Source:  WIREX MLS #1997126 | ||
| 4/30/2025 | Contingent | $975,000$267/sqft |
Source: WIREX MLS #1997126 | ||
| 4/15/2025 | Listed for sale | $975,000+17.5%$267/sqft |
Source: WIREX MLS #1997126 | ||
| 7/5/2023 | Sold | $830,000-2.4%$227/sqft |
Source: WIREX MLS #1956979 | ||
| 6/9/2023 | Contingent | $850,000$232/sqft |
Source: WIREX MLS #1956979 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $16,247 +21.3% | $830,000 +24.9% |
| 2023 | $13,393 | $664,700 +5% |
| 2022 | -- | $633,000 +5% |
Find assessor info on the county website
Neighborhood: Marquette
Nearby schools
GreatSchools rating
- 9/10Marquette Elementary SchoolGrades: 3-5Distance: 0.2 mi
- 8/10O'keeffe Middle SchoolGrades: 6-8Distance: 0.2 mi
- 8/10East High SchoolGrades: 9-12Distance: 1 mi
Schools provided by the listing agent
- Elementary: Lapham/Marquette
- Middle: Okeeffe
- High: East
- District: Madison
Source: WIREX MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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$928,700
2% more+ $18,574
With Zillow Showcase(estimated)
$947,274