Listed by Jim Stopple • Madison Property Management, Inc. Bought with Stark Company, REALTORS.
Off Market May 2009 for $347K
$795,678
Est. refi paymentEst. refi$2,174/mo
6
bd
•
3 ba
•
—
sq ft
1249 Drake St, Madison, WI 53575
About this home
Public Remarks: Spacious units, first and second floor currently used as three-bedroom units. One block from Vilas Zoo, hardwood floors, eat in kitchen in unit 1 and 2 and a separate forced air furnaces & water heaters for each unit. All units are rented to August 2010. Gross rent Multi is then at 9.3 with tenants paying all utilities. Cert of Occupancy for 8 Res. in Bldg. This buiding will cash flow.
Multi-familyProperty Type
1927Year Built
4,106 sq ftLot Size
Listed by Jim Stopple• Madison Property Management, Inc.
Bought with Steven Seeliger• Stark Company, REALTORS
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Earn from this home
Refinance
$0
Est. cash available
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Market trends in 53715, WI
Last updated August 2026
Buyer's Market
Seller's Market
Seller's market
Sale-to-List Price
100.9%
1.3% MoM
Median sale price
$433K
$44K MoM
Avg. days on market
30d
12 days MoM
Recently sold homes
16
1 MoM
Provided by Redfin
Sale history for 1249 Drake St
Date
Event
Price
Public Records
May 8, 2009
Sold
$347,000
Year
Property tax
Land + Additions
Assessment*
2025
$12,823 (+14.9%)
$99,200 + $593,000
$692,200
2024
$11,158 (+3.7%)
$99,200 + $535,800
$635,000
2023
$10,760 (−0.4%)
$76,300 + $517,200
$593,500
2022
$10,804 (+6.1%)
$72,700 + $476,800
$549,500
2021
$10,186 (−4.4%)
$65,500 + $412,300
$477,800
2020
$10,656 (+4.4%)
$65,500 + $412,300
$477,800
2019
$10,207 (+5.2%)
$63,000 + $393,000
$456,000
2018
$9,703 (+6.3%)
$58,300 + $376,000
$434,300
2017
$9,131 (+2.2%)
$58,300 + $336,500
$394,800
2016
$8,934 (+4.0%)
$54,000 + $322,000
$376,000
2014
$8,593 (+1.2%)
$49,400 + $305,300
$354,700
2013
$8,491
$46,200 + $298,200
$344,400
Tax history for 1249 Drake St
Year
Property tax
Land + Additions
Assessment*
2025
$12,823 (+14.9%)
$99,200 + $593,000
$692,200
2024
$11,158 (+3.7%)
$99,200 + $535,800
$635,000
2023
$10,760 (−0.4%)
$76,300 + $517,200
$593,500
2022
$10,804 (+6.1%)
$72,700 + $476,800
$549,500
2021
$10,186 (−4.4%)
$65,500 + $412,300
$477,800
2020
$10,656 (+4.4%)
$65,500 + $412,300
$477,800
2019
$10,207 (+5.2%)
$63,000 + $393,000
$456,000
2018
$9,703 (+6.3%)
$58,300 + $376,000
$434,300
2017
$9,131 (+2.2%)
$58,300 + $336,500
$394,800
2016
$8,934 (+4.0%)
$54,000 + $322,000
$376,000
2014
$8,593 (+1.2%)
$49,400 + $305,300
$354,700
2013
$8,491
$46,200 + $298,200
$344,400
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Permits
Beds
6
Baths
3
Stories
2.5
Lot width
—
Lot depth
—
Lot size
4,103 Sq. Ft.
Year renovated
1927
Sq. Ft.
3,245
Year built
1927
Style
Multi-Family (5+ Unit)
County
Dane County
APN
070922439158
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 6, 2026.
TR-C3
Traditional Residential-Consistent 3 District
The TR-C Districts are established to stabilize, protect and encourage throughout the City the essential characteristics of the residential areas typically located on the Isthmus, near East and near West portions of the City, and to promote and encourage a suitable environment for family life while accommodating a full range of life-cycle housing. The districts are also intended to: Promote the preservation, development and redevelopment of traditional residential neighborhoods in a manner consistent with their distinct form and residential character; Ensure that new buildings and additions to existing buildings are designed with sensitivity to their context in terms of building placement, facade width, height and proportions, garage and driveway placement, landscaping, and similar design features; Maintain and improve the viability of existing housing of all types, while providing for updating of older housing in a context-sensitive manner; Maintain or increase compatibility between residential and other allowed uses, and between different housing types, where permitted, by maintaining consistent building orientation and parking placement and screening; Facilitate the preservation, development or redevelopment goals of the comprehensive plan and of adopted neighborhood, corridor or special area plans.
Permitted uses
Include but are not limited to:
Religious facility
Day care facility
Retail-Grocery
Housing-Group
Housing-Single unit
Public service
Fire house
Police station
Communications tower
Park & open space
Sep 11, 2019 • Final
Repair or replace hvac
Replace a furnace and two air conditioning units.
HVAC
Oct 28, 2002 • Final
Permitting/building/repairreplace/electrical
Electrical
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Parking
Parking Information
Parking: No Parking
Interior
Interior Features
Water Softener
Room Information
Full, Storage Area
Multi-Unit Information
# of Units: 3
Unit 1 Information
Sq. Ft.: 1,248
# of Baths (1/2): 0
# of Baths (3/4): 0
# of Baths (Full): 1
# of Bedrooms: 2
Unit 2 Information
Sq. Ft.: 1,248
# of Baths (1/2): 0
# of Baths (3/4) : 0
# of Baths (Full): 1
# of Bedrooms: 2
Unit 3 Information
# of Baths (Full): 1
# of Bedrooms: 2
Unit 4 Information
# of Baths (Full): 0
Exterior
Building Information
Building Type: 3 Flat
Stories: 3-4
Exterior
Exterior: Vinyl, Aluminum, Aluminum/Steel
Property Information
Stories: 3-4
Multi-Family
Lot Information
Zoning: R3
Financial
Tax Information
Total Taxes: $6,667
Tax Year: 2008
Utilities
Utility Information
Municipal Water, Municipal Sewer
Separate Electric Meters, Separate Gas Meters, Individual Control Each Unit
Heating/Cooling: Forced Air
Natural Gas
Location
Neighborhood Information
Municipality: MADISON
Municipality Type: City
School Information
School District: Madison
Elementary School: Franklin/Randall
Middle School: Hamilton
High School: West
Public facts
Beds: 6
Baths: 3.0
Sq. Ft.: 3,245
Stories: 2.5
Lot Size: 4,103 square feet
Style: Multi-Family (5+ Unit)
Year Built: 1927
Year Renovated: 1927
County: Dane County
APN: 070922439158
Home facts updated by county records on Aug 6, 2026
Around this home
Schools
Randall Elementary School
Public 3-5 • Assigned • 0.7mi
9/10
Hamilton Middle School
Public 6-8 • Assigned • 2.6mi
8/10
West High School
Public 9-12 • Assigned • 1.1mi
9/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
2/10 Heat Factor
7 days above 100° expected this year, 14 days in 30 years
2/10 Wind Factor
Minor risk of severe winds over next 30 years
3/10 Air Factor
2 unhealthy days expected this year, 3 days in 30 years
Provided by First Street
Historical weather
Madison, WI • 53575
Average low and high temperatures (°F)
26
12
34
19
51
32
60
42
69
49
79
62
82
67
78
63
77
58
65
48
47
35
32
19
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.8 hours in
June and 3.5 hours in December, placing it below the
U.S. average for solar exposure.