411 S Paterson St

Madison WI 53703

1760 sq. ft.

0.04 ac.

Multi-Family

Last sold for $610,000

Liz Lauer, last sold this property on 03 April 2026 after 79 days on market.

Overview

Marquette investment property boasts a fabulous location, tucked on a quiet street, close to BB Clark Beach, Willy Street eateries and cafes and walkable to downtown! Extensive renovations since 2016, including 3 new boilers, improvement of the 2nd floor floorplan & bathroom and kitchen updates. 1st floor offers 2 bdrms, LVP flrs in living, maple hardwood in bdrms, kitchen w/dishwasher & private 3 season room. 2nd floor offers 2 bdrms, maple hardwoods and private deck. 3rd floor offers 1bdrm, hardwood flrs, updated kitchen w/dishwasher. Building offers new roof '24, water heater '14, 3 new boilers '17 (tenants pay heat) , 3 100 amp electrical panels (Unit 2 & 3 tenants pay electric, unit 1 also serves shared spaces, so paid by owner) & insulated vinyl windows. Easy turn key rental w/small lot, so not a lot of exterior upkeep. Highly desirable rental market makes this the perfect investment.

Features

5 bedrooms

3 bathrooms

1760 sq. ft. floor area

0.04 ac. lot size

Multi-Family

Estimated Value

Based on this property and similar 5 bedroom multi families sold in Madison over the last 12 months, the estimated median property value of 411 S Paterson St is $574.95k.

Median value

$574.95k

Estimated value range

$485k - $1.55m

Median days on market

Estimated value trend

-5%

decrease over the last 12 months

Average days on market is based on recent, comparable sales in Madison. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 411 S Paterson St

2026

Sold

$610,000

03 Apr 2026 by Liz Lauer, of Lauer Realty Group, Inc.

2016

Sold

$325,000

15 Sep 2016 by Brandon Grosse, of Accord Realty

2014

Sold

$290,000

14 Feb 2014 by Jim Stopple, of Madison Property Management, Inc.

Happy sellers in Madison

We have insufficient information to provide an overview of customer satisfaction for Madison. Viewing the agent profiles, reviews and sales for Madison can provide insights for this location.