509 East Gorham Street, Madison, WI 53703
OFF MARKET

509 East Gorham Street
Madison, WI 53703

Capitol
  • Studio

$637,400

Trulia Estimate
as of May 11, 2026
Est. Refi. Payment $4,017/mo*
Refinance Your Home

$637,400

Trulia Estimate
as of May 11, 2026
Est. Refi. Payment $4,017/mo*
Refinance Your Home
Studio
(on 0.65 acres)

Homes for sale near 509 East Gorham Street

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Apartments for Rent

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Local Information

Map showing home location
© Google
-- mins to
Commute Destination

Description

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.
This property is off market, which means it's not currently listed for sale or rent on Trulia. This may be different from what's available on other websites or public sources. This description is from October 22, 2024

Home Highlights

Parking
No Info
Outdoor
No Info
A/C
Heating only
HOA
None
Price/Sqft
No Info
Listed
180+ days ago

Home Details for 509 East Gorham Street

Active Status

MLS Status: Closed

Interior Features

Interior Details
Basement: Full
Heating & Cooling
Heating: Natural Gas,Forced AirHas HeatingHeating Fuel: Natural Gas
Fireplace & Spa
No Fireplace

Exterior Features

Parking & Garage
No Attached GarageParking: 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: Multi Family, ApartmentStructure Type: Apartment BuildingArchitecture: Apartment Building
Building
Construction Materials: OtherNot a New Construction
Property Information
Condition: 21+ YearsNot 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

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

HOA

Association for this Listing: South Central Wisconsin MLS

Lot Information

Lot Area: 0.65 acres

Listing Info

Special Conditions: Arms Length

Miscellaneous

BasementMls Number: 1984626Living Area Range Units: Square FeetMunicipality: Madison
Last check for updates: about 4 hours ago
Listed by The Hub Team, (608) 556-4400
The Hub Realty
Bought with: The Hub Team
Originating MLS: South Central Wisconsin MLS
Source: WIREX MLS, MLS#1984626

Price History for 509 East Gorham Street

DatePriceEventSource
10/21/2024$3,400,000Sold
WIREX MLS #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
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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 East Gorham Street

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
522-524 East Main Street, Madison, WI
0.33
Multi-Family Home
$1,283,000
08/26/25
-
-
515 North Pinckney Street, Madison, WI
0.27
Multi-Family Home
$1,070,000
11/05/25
-
-
111 East Gilman Street, Madison, WI
0.24
Multi-Family Home
$720,000
10/15/25
4
3
-
1116 East Mifflin Street, Madison, WI
0.72
Multi-Family Home
$1,350,000
09/30/25
-
-
203-207 South Henry Street, Madison, WI
0.68
Multi-Family Home
$1,550,000
09/09/25
-
-
200,202 Marion, 542 W Dayton Street, Madison, WI
0.92
Multi-Family Home
$2,450,000
09/30/25
-
-
902-904 East Gorham Street, Madison, WI
0.42
Multi-Family Home
$420,000
06/12/25
3
2
2,000
930 E DAYTON Street, Madison, WI
0.49
Multi-Family Home
$415,000
04/17/26
3
2
1,415
1230 East Dayton Street, Madison, WI
0.86
Multi-Family Home
$1,214,000
05/16/25
12
4
3,812
1140 East Johnson Street, Madison, WI
0.75
Multi-Family Home
$800,000
06/30/25
4
4
2,768

Assigned Schools

These are the assigned schools for 509 East Gorham Street.
View nearby schools on GreatSchools
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 53 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

  • 54 % Say there's holiday spirit

  • 45 % Say car is needed

  • 42 % Say parking is easy

  • 42 % Say neighbors are friendly

  • 41 % Say there's wildlife

  • 41 % Say they plan to stay for at least 5 years

  • 34 % Say it's quiet

  • 30 % Say there are community events

  • 19 % Say yards are well-kept

  • 16 % Say kids play outside

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."
    0
    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 rent near 509 East Gorham Street

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Off Market Homes Near 509 East Gorham Street

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509 East Gorham Street, Madison, WI 53703 is a studio multi-family built in 1890. 509 East Gorham Street is located in Capitol, Madison. This property is not currently available for sale. 509 East Gorham Street was last sold on Oct 21, 2024 for $3,400,000 (0% higher than the asking price of $3,400,000). The current Trulia Estimate for 509 East Gorham Street is $637,400.