About 26 Northridge Terrace
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 September 2028. Heat pumps installed – Sep 2023, All refrigerators replaced – Jun 2022, New water softener – May 2022, Energy efficiency improvements – October 2022: Blower door test, Attic air sealing & additional insulation, Bathroom vent fans replaced
Features of 26 Northridge Terrace
| MLS® # | 2003106 |
|---|---|
| Price | $700,000 |
| Year Built | 1989 |
| Type | Multi Family |
| Status | Active |
| Detailed Status | Active |
| Net Taxes | $8,868 |
| Tax Year | 2023 |
Community Information
| Address | 26 Northridge Terrace |
|---|---|
| Area | MADISON - C E03 |
| City | Madison |
| County | Dane |
| State | WI |
| Zip Code | 53704 |
Amenities
| Utilities | Separate elec meters, Separate gas meters |
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Interior
| Heating | Heat Pump |
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Exterior
| Exterior | Vinyl, Brick |
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School Information
| District | Madison |
|---|---|
| Elementary | Mendota |
| Middle | Black Hawk |
| High | East |
Additional Information
| Zoning | SR-V2 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| Assessed Value | $577,700 |
| Year Assessed | 2025 |
Open House Information
Listing Details
| Office | The McGrady Group, LLC |
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