Active

$350,000

816 Melvin Court, Madison, WI 53704

4beds

1,700sqft

Est.:

Multi Family

Built in 1955

-- sqft lot

$354,500 Zestimate^®

$206/sqft

$-- HOA

What's special

Large detached garage

Tired of staring at those sad, Frankenstein'd old houses turned into multifamily mishmashes? Buckle up, because here's the magic phrase that'll make your real estate heart skip a beat: TWO-FLAT FOR SALE IN MADISON! Whether you're an owner-occupant dreaming of your perfect pad or a savvy investor plotting your empire, this is a great fit. Both units will be delivered vacant. No awkward tenant tango or move-out drama. Yes, this one needs work, and now is the time to roll up your sleeves and build equity the old fashioned way. Don't forget about the large detached garage, which makes this an ideal opportunity for an owner that is stoked to offer a superior product and maximize income. This isn't just a property?it's your ticket to finally get in the game! Grab it before it's gone.

145 days

2,088

70

Tour with a local agent

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 2
Full bathrooms: 2

Heating

Natural Gas, Radiant/Electric

Features

Basement: Concrete
Has fireplace: No

Interior area

Total structure area: 1,700
Total interior livable area: 1,700 sqft

Property

Parking

Total spaces: 2
Parking features: 2 Car, Outside
Garage spaces: 2

Features

Stories: 2

Lot

Size: 5,662.8 Square Feet

Details

Parcel number: 081032304032
Zoning: SR-V1

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Vinyl Siding

Condition

21+ Years
New construction: No
Year built: 1955

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Subdivision: Burke Assessor's Plat No. 1

Location

Region: Madison
Municipality: Madison

Financial & listing details

Price per square foot: $206/sqft
Tax assessed value: $321,400
Annual tax amount: $5,089
Date on market: 11/18/2025
Inclusions: Refrigerator X 2. Stove X 1. Dishwasher X 1. Washer X 1. Dryer X 1.
Exclusions: Personal Property In The Garage Will Not Convey With The Real Estate.

Estimated market value

$354,500

$337,000 - $372,000

$1,840/mo

Price history

Date	Event	Price
3/14/2026	Listed for sale	$350,000$206/sqft
Source: WIREX MLS #2012664 Report a problem
1/21/2026	Contingent	$350,000$206/sqft
Source: WIREX MLS #2012664 Report a problem
11/18/2025	Listed for sale	$350,000+16.7%$206/sqft
Source: WIREX MLS #2012664 Report a problem
5/30/2025	Sold	$300,000$176/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$5,720 +3%	$292,200 +6%
2023	$5,555	$275,700 +10%
2022	--	$250,600 +10%
2021	--	$227,800 +10%
2020	--	$207,100 +5%
2019	$4,363	$197,200
2018	$4,363 +6.3%	$197,200 +10%
2017	$4,104 +10.4%	$179,300 +10%
2016	$3,716 -9.2%	$163,000 -5.3%
2014	$4,094 +9.5%	$172,200 +4%
2013	$3,739 -4.9%	$165,600
2012	$3,932 +5.2%	$165,600
2011	$3,739 +0.5%	$165,600 -3%
2010	$3,722 +2.7%	$170,700 -5%
2009	$3,624 +1.5%	$179,700 -3%
2008	$3,569 -2%	$185,300
2007	$3,640 -0.3%	$185,300
2006	$3,651 +0.5%	$185,300 +6%
2005	$3,633 -1%	$174,800 +6%
2004	$3,668 +11%	$164,900
2003	$3,306 +7.6%	$164,900 +22.1%
2002	$3,074 +3.8%	$135,000 +8.7%
2001	$2,960 -0.3%	$124,200 +3%
2000	$2,968	$120,600