This brick 4-unit rental income property is assessed at $303,900, and it is currently for sale at $151,500. I am definitely not one to look too much into assessed values when finding market value, but in the City of Madison if a property is listed at half the price of the assessment…it is probably a good deal. And looking at the cash flow potential, it looks like a really good deal. I’m guessing each apartment would get AT LEAST $600/month. That’s $2400/month rental income, which should be much more than mortgage/taxes/heat costs each month. Obviously the main factor here is how much work needs to be done on the property. I don’t know. But it needs to be a pretty big number for this listing to lose it’s value.