509 E Gorham St, Madison, WI 53703
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Property image
OFF MARKET

509 E Gorham St
Madison, WI 53703

Capitol
  • 9 Beds
  • 3.5 Baths
  • 3,431 sqft (on 0.65 acres)

$638,000

Trulia Estimate
as of Aug 9, 2026
Est. Refi. Payment $4,118/mo*
Refinance Your Home

$638,000

Trulia Estimate
as of Aug 9, 2026
Est. Refi. Payment $4,118/mo*
Refinance Your Home
9 Beds
3.5 Baths
3,431 sqft
(on 0.65 acres)

Local Information

  • Map ViewExplore the area around 509 E Gorham St.
  • Schools1 Preschool School2 Elementary Schools1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Multi-Family
Year Built
1890
Lot Size
0.65 acres
Living Area
3,431 sqft
Price/Sqft
$186
Parking
10 Parking Spaces

About this House

Once in a generation opportunity to secure 7 adjacent buildings on the Isthmus!!! 7 properties, 15 units & a total of 36 bedrooms. These properties are all fully leased through 8/14/2025 and are professionally managed by Birwood Property Management. Two properties overlook James Madison Park & Lake Mendota. All 7 properties are contiguous, allowing for ultimate flexibility on parking and efficient maintenance, lawn and snow care. These are being offered as a package, so please be prepared to submit an offer on all 7 properties prior to scheduling any showings. Market rents should be an average of ~$850-900/bedroom + parking + utility income + laundry.
509 E Gorham St, Madison, WI 53703 is a 9 bedroom, 4 bathroom, 3,431 sqft multi-family in Capitol, built in 1890. It last sold for the $3,400,000 asking price on Oct 21, 2024. More recently, it was listed as a rental in November 2023 with an asking price of $2,600 per month. That rental listing was removed on December 29, 2023. It is currently off market. The Trulia Estimate is $638,000, with a rent estimate of $2,132/month.

Home Details for 509 E Gorham St

Interior Features

Interior Details
Basement: Full
Beds & Baths
Number of Bedrooms: 9Number of Bathrooms: 4Number of Bathrooms (full): 3Number of Bathrooms (half): 1
Dimensions and Layout
Living Area: 3431 Square Feet
Heating & Cooling
Heating: Natural Gas,Forced AirHas HeatingHeating Fuel: Natural Gas

Exterior Features

Parking & Garage
Other Parking: OutsideNo CarportParking Spaces: 10Parking: 1 space
Frontage
Not on Waterfront
Water & Sewer
Sewer: Public Sewer

Property Information

Year Built
Year Built: 1890
Property Type / Style
Property Type: Residential IncomeProperty Subtype: ApartmentStructure Type: Apartment buildingArchitecture: Apartment building
Building
Construction Materials: Other
Property Information
Not Included in Sale: Tenant's and Property Managers' personal propertyIncluded in Sale: On site, seller owned, appliances, HVAC, water heaters, water softenersParcel Number: 070913313048

Price & Status

Price
List Price: $3,400,000

Active Status

MLS Status: Sold

Location

Direction & Address
City: Madison
School Information
Elementary School: Lapham/MarquetteElementary School District: MadisonJr High / Middle School: OKeeffeJr High / Middle School District: MadisonHigh School: EastHigh School District: Madison

Building

Building Area
Building Area: 3431 Square Feet

Lot Information

Lot Area: 0.65 acres

Offer

Listing Terms: Arms Length

Rental Terms, Policies & Fees

Are Units Furnished: None

Miscellaneous

BasementMls Number: 1984626
Last check for updates: about 6 hours ago
Listed by The Hub Team
The Hub Realty
Bought with: The Hub Team, The Hub Realty
Source: SCWMLS, MLS#1984626

Price History for 509 E Gorham St

DatePriceEventSource
10/21/2024$3,400,000Sold
SCWMLS #1984626
09/07/2024$3,400,000PendingWIREX MLS #1984626
08/27/2024$3,400,000Listed For SaleWIREX MLS #1984626
12/29/2023ListingRemovedZillow Rentals
11/28/2023$2,600Listed For RentZillow Rentals
02/17/2015$2,010ListingRemovedAgent Provided
01/08/2015$2,010Listed For RentAgent Provided

Market trends in Madison

Last updated June 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$423K
$7.67KMoM
Sale-to-List Price
102.8%
1.0%MoM
Price per sq ft
$260
$10MoM
Available listings
704
43MoM
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Property Tax and Assessment

Year2024
Tax$7,603
Assessment$388,400
Home facts updated by county records

Comparable Sales for 509 E Gorham St

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
116/122/128 E Johnson St, Madison, WI
0.23
Multi-Family Home
$2,250,000
05/29/26
12
5
6,043
515 N Pinckney St, Madison, WI
0.27
Multi-Family Home
$1,070,000
11/06/25
3
4
1,995
522 & 524 E Main St, Madison, WI
0.33
Multi-Family Home
$1,283,000
08/26/25
8
4
-
1116 E Mifflin St, Madison, WI
0.72
Multi-Family Home
$1,350,000
09/30/25
4
4
2,296
1923 Sherman Ave, Madison, WI
1.54
Multi-Family Home
$3,600,000
09/29/25
8
4
3,090
939-941 Spaight St, Madison, WI
0.83
Multi-Family Home
$1,050,000
06/12/26
6
2
3,628
1245 E Dayton St, Madison, WI
0.90
Multi-Family Home
$642,000
05/26/26
6
4
2,083
1053 Rutledge St, Madison, WI
0.97
Multi-Family Home
$1,140,000
11/03/25
7
3
2,348
200-202 Marion St #542-W, Madison, WI
0.92
Multi-Family Home
$2,450,000
09/30/25
18
7
5,742
554 W Mifflin St, Madison, WI
0.93
Multi-Family Home
$909,000
08/29/25
9
3
2,580

Nearby homes

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Assigned Schools

These are the assigned schools for 509 E Gorham St.
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The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

Neighborhood Overview

Capitol
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Capitol

At least 54 Trulia users voted on each feature.

  • 97 % Say there are sidewalks

  • 94 % Say it's dog friendly

  • 91 % Say it's walkable to restaurants

  • 85 % Say streets are well-lit

  • 81 % Say it's walkable to grocery stores

  • 68 % Say people would walk alone at night

  • 55 % Say there's holiday spirit

  • 45 % Say car is needed

  • 43 % Say neighbors are friendly

  • 42 % Say parking is easy

  • 42 % Say there's wildlife

  • 42 % Say they plan to stay for at least 5 years

  • 34 % Say it's quiet

  • 31 % Say there are community events

  • 20 % Say yards are well-kept

  • 16 % Say kids play outside

Sourced by Trulia users. Learn more about our methodology.
  • Lkeillorcollins
    "Have lived downtown for 10 years. Love it. So much to do, restaurants, entertainment. The lakes. Easy access to public transportation. "
    0
    Flag
  • Nicholas Vest
    "I don’t see as many families in the new multi-level apartment buildings (the high rises). There are some families living downtown, but they might be in condos. The west and east sides outside the square and campus housing have many more families. Downtown is great for the children’s museum, farmers market, and monona terrace has live music, etc. sometimes. Outside of the square, there are nice parks for kids and families with play sets and beaches."
    1
    Flag
  • Jillian S.
    "Living downtown is great! Walking distance to almost everything and beautiful old trees and houses. "
    2
    Flag
  • Trulia User
    "College kids everywhere, and also government employees, politicians and young professionals. It’s an interesting mix that’s for sure."
    7
    Flag
  • Kilee R.
    "This is still really a big college neighborhood. Though there are more families here than elsewhere, it still gives off college vibes"
    3
    Flag
  • linda G
    " I love we're I live people are friendly helpful .I've lived here for 19 years love it here it's close to grocery store has stations in walking distance also close to bus stop the school is closed very good school .people are so nice and caring I actually sleep with door unlocked many times how often can you do that in other places I feel very safe here . "
    3
    Flag
  • Natasha O.
    "Lots of friendly dogs walking in the downtown area. Close to dog parks. Very close to a dog park with trash receptacles. "
    2
    Flag
  • Madelinefritz
    "Close to Bars and restaurants. Close to the lake path. Not close to quality grocery stores. Mosquitos and spiders are plentiful in this area. Housing Prices way too high."
    19
    Flag

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Homes for sale near 509 E Gorham St

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Off Market Homes Near 509 E Gorham St

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Frequently asked questions about 509 E Gorham St

  • What is 509 E Gorham St estimated to be worth?
    Trulia's estimated value for 509 E Gorham St in Madison, WI is $638,000.
  • What is the price history for 509 E Gorham St?
    509 E Gorham St in Madison, WI last sold for $3,400,000 in October 2024.
  • Is Madison a buyer's or seller's market?
    Madison is currently a seller's market, based on recent for-sale activity.
  • What's the median sale price in Madison?
    The median sale price in Madison is $423K. That is up $7.67K from the prior month.
  • Does 509 E Gorham St have parking?
    Yes, 509 E Gorham St in Madison, WI has on-site parking.