1002-1004 Severson Drive, Madison, WI, 53718
About This Home
This spacious, well-maintained duplex on Madison?s East Side offers a fantastic opportunity for investors and/or homeowners! Each side features 4 bedrooms and 3 full bathrooms, including a private en-suite with double vanities and walk-in closets in the main bedrooms. The open-concept living and dining areas provide ample space, while a second living room in the lower level adds flexibility. Both units offer updated kitchens with stainless steel appliances and access to private decks, perfect for outdoor living. The walkout lower levels lead to a large backyard and oversized corner lot, ideal for recreation. Recent updates include newer carpet, wood/laminate flooring, and more. With a rock solid proven rental history, this duplex is a sound investment. Both units are currently occupied, so please allow at least 24 hours notice for showings. Don?t miss this opportunity to own a fantastic income property in a prime location!
Getting Around
Somewhat Walkable
Some Transit
Somewhat BikeableSchools
Construction
Condition
- Property condition: 21+ Years
- Year built: 2005
Materials
- Construction materials: Vinyl Siding,Brick,Stone
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family,Duplex
Interior
Basement
- Has basement: Yes
- Basement: Full,Exposed,Partially Finished
Bedrooms & Bathrooms
- Bedrooms: 8
- Bathrooms: 6
- Full bathrooms: 6
Heating
- Heating features: Natural Gas,Forced Air
Interior Area
- Total structure area: 4,320
- Total interior livable area: 4,320 sqft
Property
Details
- Parcel number: 071011417013
- Zoning: R3
- Exclusions: Any Personal Property Of Tenants.
Lot
- Lot size: 0.51 Acres
Parking
- Total spaces: 2
- Parking features: 2 Car,Attached,Garage Door Opener
- Has garage: Yes
- Attached garage spaces: 2
- Covered spaces: 2
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Hail
How This Home’s Risks Compare
FEMA Declared Disasters Across Wisconsin Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $4,803 | $57,636 |
| Home Insurance * | $272 | $3,264 |
| Property Taxes | $1,242 | $14,904 |
| Electricity | $405 | $4,871 |
| Total | $6,722 | $80,664 |
Income You'd Need if You Spent...
Wisconsin FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-04 | Price change | $949,900 |
| 2026-02-11 | Listed for sale | $1,100,000 |
| 2021-05-21 | Listing removed | -- |
| 2021-04-07 | Listed for sale | $599,000 |
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