42 Northridge Terrace Madison, WI 53704
Listing Courtesy of: SOUTH CENTRAL WISCONSIN / The Mcgrady Group, LLC

  42 Northridge Terrace Madison, WI 53704

Active
$700,000
8
BED
4
BATH
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Description

This fully leased 4-unit apartment building offers steady cash flow and well-maintained living spaces. Built in 1986, each of the four 2-bedroom, 1-bath units features a private 1-car garage and separate utility metering. The property is subject to an affordability covenant requiring all units be rented to low- to moderate-income households at or below 80% of area income limits, based on HUD?s Small Area Fair Market Rent (SAFMR) guidelines for Dane County, effective through October 2025. All refrigerators replaced ? June 2022, New water softener ? May 2022, Energy efficiency improvements ? October 2022: Blower door test, Attic air sealing & additional insulation, Bathroom vent fans replaced

MLS #:
2003028
Taxes
$8,868(2023)
Lot Size
0.39 acres
Type
Multifamily
Year Built
1989
Style
Apartment Building, 2 Story
School District
Madison
County
Dane County

Listed By

Seth Pfaehler, The Mcgrady Group, LLC
Source
SOUTH CENTRAL WISCONSIN
Last checked Jul 4 2025 at 6:32 AM CDT
Bathroom Details
  • Full Bathrooms: 4
Interior Features
  • Interior Amenities : Water Softener
  • Interior Amenities : High Speed Internet
  • Inclusions : Refrigerator(4)
  • Inclusions : Range/Ovens(4)
  • Inclusions : Dishwashers(4)
  • Inclusions : Washers(4)
  • Inclusions : Dryers(4)
  • Inclusions : Wall A/C(4)
  • Exclusions : Tenants Personal Items
Heating and Cooling
  • Radiant/Electric
Basement Information
  • None / Slab
Exterior Features
  • Vinyl
  • Brick
Utility Information
  • Utilities: Separate Electric Meters, Separate Gas Meters
  • Sewer: Municipal Water, Municipal Sewer
  • Fuel: Electric
School Information
  • Elementary School: Mendota
  • Middle School: Black Hawk
  • High School: East
Garage
  • 1 Car
  • Attached
  • Opener Included
Stories
  • 2
Location
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Disclaimer: Copyright 2025 South Central Wisconsin MLS. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 7/3/25 23:32
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