This well-maintained 3-unit property offers a solid investment opportunity. Each unit is kept in good condition, ensuring reliable accommodation for tenants. The building features three distinct apartments, each with a practical layout suitable for a variety of tenants. Located in an area with strong rental demand, the property is positioned for consistent rental income. This makes it a sensible choice for investors looking to add to their portfolio or for those new to property investment. The property combines steady cash flow potential with the benefits of real estate appreciation. Or a solid choice for owner-occupants.
Closed
$465,000
2009 Lake Point Drive, Madison, WI 53713
5beds
2,600sqft
Multi Family, Apartment
Built in 1958
-- sqft lot
$578,700 Zestimate®
$179/sqft
$1,765 Estimated rent
Home value
$578,700
$498,000 - $660,000
$1,765/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Jo Ferraro Real Estate Team Pref:608-838-1377,
EXP Realty, LLC
Bought with:
The Opportunity Team
Source: WIREX MLS,MLS#: 1969559
Originating MLS: South Central Wisconsin MLS
Originating MLS: South Central Wisconsin MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Natural Gas, Radiant/Electric
Features
- Basement: Full,Concrete
- Has fireplace: No
Interior area
- Total structure area: 2,600
- Total interior livable area: 2,600 sqft
Property
Parking
- Parking features: Outside
Lot
- Size: 8,712 sqft
Details
- Parcel number: 071019409137
- Zoning: TR-V1
- Special conditions: Arms Length
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Apartment
Materials
- Vinyl Siding
Condition
- 21+ Years
- New construction: No
- Year built: 1958
Utilities & green energy
- Electric: Separate Electric Meters
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Separate Electric Meters
Community & neighborhood
Location
- Region: Madison
- Municipality: Madison
Price history
| Date | Event | Price |
|---|---|---|
| 4/5/2024 | Sold | $465,000+3.3%$179/sqft |
Source:  WIREX MLS #1969559 Report a problem | ||
| 2/6/2024 | Pending sale | $450,000$173/sqft |
Source: WIREX MLS #1969559 Report a problem | ||
| 1/31/2024 | Listed for sale | $450,000$173/sqft |
Source: WIREX MLS #1969559 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $6,491 +4% | $331,600 +7% |
| 2023 | $6,244 | $309,900 +8% |
| 2022 | -- | $286,900 +15% |
| 2021 | -- | $249,500 |
| 2020 | -- | $249,500 |
| 2019 | $5,273 | $249,500 +5% |
| 2018 | $5,273 +6.3% | $237,600 +10% |
| 2017 | $4,960 +20% | $216,000 |
| 2016 | $4,135 -0.1% | $216,000 +24.1% |
| 2014 | $4,138 +5.2% | $174,000 |
| 2013 | $3,932 -4.9% | $174,000 |
| 2012 | $4,135 +5.1% | $174,000 |
| 2011 | $3,932 +3.6% | $174,000 |
| 2010 | $3,795 +8.2% | $174,000 |
| 2009 | $3,507 +4.7% | $174,000 |
| 2008 | $3,349 -2% | $174,000 |
| 2007 | $3,418 -0.3% | $174,000 |
| 2006 | $3,428 +13.8% | $174,000 +20% |
| 2005 | $3,014 +0.9% | $145,000 +8% |
| 2004 | $2,988 +11.8% | $134,300 |
| 2003 | $2,673 +8.5% | $134,300 +23.2% |
| 2002 | $2,464 -4.7% | $109,000 |
| 2001 | $2,586 +16.8% | $109,000 +20% |
| 2000 | $2,214 | $90,800 |
Find assessor info on the county website
Neighborhood: Waunona
Nearby schools
GreatSchools rating
- 2/10Glendale Elementary SchoolGrades: PK-5Distance: 2 mi
- 5/10Sennett Middle SchoolGrades: 6-8Distance: 1.7 mi
- 6/10Lafollette High SchoolGrades: 9-12Distance: 1.8 mi
Schools provided by the listing agent
- 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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Estimated market value
$578,700
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$578,700
- Wisconsin
- Dane County
- Madison
- 53713
- Waunona
- 2009 Lake Point Drive