Listed by Jim White • Investment Brokers Realty. Bought with Sprinkman Real Estate.
Off Market Apr 2023 for $1.7M
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Est. refi paymentEst. refi$2,820/mo
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bd
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sq ft
2501 & 2505 Calypso Rd, Madison, WI 53704
About this home
Public Remarks: 2/solid brick 8/unit buildings with hip roofs for the Wisconsin weather. Good location, good properties at 2501 and 2505 Calypso Rd. All newer mechanicals including water softeners and lots of newer remodeling. Near Lake Mendota, Warner Park, bike trails, Cherokee Marsh, shopping, and bus lines. This property is very easy to operate by any owner or management staff. The buildings can also be purchased separately for $930,000 each (see MLS #1950296). Gross year rents are $109,800 for 2501 Calypso Rd & $106,200 for 2505 Calypso Rd.
*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
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Baths
—
Stories
2
Lot width
—
Lot depth
—
Lot size
0.28 Acres
Year renovated
—
Sq. Ft.
3,791
Year built
1964
Style
Multi-Family (5+ Unit)
County
Dane County
APN
080936402059
Parking Spaces
—
Basement
—
Accessible
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HOA Dues
—
Garage
—
Features
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Last updated by owner on Aug 6, 2026.
SR-V1
Suburban Residential-Varied 1 District
The SR-V Districts are established to stabilize and protect the essential characteristics of residential areas of varying densities and housing types, typically located in the outlying parts 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; 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 encouraging the 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
Housing-Multiple units
Fire house
Police station
Communications tower
Park & open space
Dec 5, 2018 • Final
Repair or replace hvac
HVAC
Nov 27, 2018 • Final
Repair or replace plumbing
Plumbing
Water heater
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: 1 Space, Outside
Garage Information
Garage: Detached
Interior
Interior Features
Water Softener, High Speed Internet
Room Information
Full, Poured Concrete, Sump Pump
Multi-Unit Information
# of Units: 16
Unit 1 Information
Sq. Ft.: 800
# of Baths (1/2): 0
# of Baths (Full): 1
# of Bedrooms: 2
Unit 2 Information
Sq. Ft.: 800
# of Baths (1/2): 0
# of Baths (Full): 1
# of Bedrooms: 2
Master Bedroom Description: Main Level
Master Bedroom Dimensions: 11 x 12
Bedroom 2 Description: Main Level
Bedroom 2 Dimensions: 10 x 12
Living/Great Room Dimensions: 12 x 19
Kitchen Description: Main Level
Kitchen Dimensions: 6 x 10
Dining Room Description: Main Level
Dining Room Dimensions: 8 x 12
Unit 3 Information
# of Baths (Full): 1
# of Bedrooms: 2
Unit 4 Information
# of Bedrooms: 2
# of Baths (1/2): 0
# of Baths (Full): 1
Exterior
Building Information
Building Type: Apartment Building, 2 Story
Stories: 1-2
Exterior
Exterior: Brick
Property Information
Stories: 1-2
Multi-Family
Information Source Year Built: Assessor/Public Record
Lot Information
Lot Acreage: 0.57
Zoning: SR-V1
Financial
Tax Information
Total Taxes: $28,097
Tax Year: 2022
Utilities
Utility Information
Municipal Water, Municipal Sewer
Separate Electric Meters
Heating/Cooling: Steam
Natural Gas
Location
Neighborhood Information
Municipality: MADISON
Municipality Type: City
School Information
School District: Madison
Elementary School: Emerson
Middle School: Sherman
High School: East
Public facts
Beds: —
Baths: —
Sq. Ft.: 3,791
Stories: 2.0
Lot Size: 0.28 acres
Style: Multi-Family (5+ Unit)
Year Built: 1964
Year Renovated: —
County: Dane County
APN: 080936402059
Home facts updated by county records on Aug 6, 2026
Other
Listing Information
SaleType: Arms Length
Inclusions: 16-stoves, 16 Refrigerators, 16 wall A/C units, all ceiling fans, all window treatments, 2 water softeners, 4 water heaters at 80 gallons each and 2 gas boilers (newer)
Exclusions: Owner/tenants personal property
Around this home
Schools
Places
Transit
Emerson Elementary School
Public PreK-5 • Assigned • 1.8mi
6/10
Sherman Middle School
Public 6-8 • Assigned • 0.6mi
2/10
East High School
Public 9-12 • Assigned • 2.0mi
8/10
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 • 53704
Average low and high temperatures (°F)
26
11
35
18
51
31
60
41
70
48
81
62
83
67
79
63
77
57
66
47
47
34
31
18
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.