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Updated 5 hours ago

Nichols Station Apartments

VERIFIED

427 E Gorham St Madison, WI

5.0 4 reviews
1 - 2 Bed
•
1 Bath

452 - 1,152 Sq. Ft.

Available Now
Deal
EPIC employees receive $500 off first months rent
Floor plans
1 Bed • 1 Bath
$2,300
1152 ft2
1 Available
318-000
$2,300
Available Now
View
1 Bed • 1 Bath
$1,840
768 ft2
1 Available
427-103
$1,840
Available May 31st, 2025
View
1 Bed • 1 Bath
$1,700
660 ft2
1 Available
427-105
$1,700
Available Jun 1st, 2025
View
1 Bed • 1 Bath
$1,750
703 ft2
3 Available
427-519
$1,750
Available Jul 31st, 2025
View
427-513
$1,750
Available Sep 1st, 2025
View
427-521
$1,750
Available Sep 1st, 2025
View
View Rented Units
1 Bed • 1 Bath
$1,640
452 ft2
1 Available
427-414
$1,640
Available Sep 1st, 2025
View
View Rented Units
View More
2 Beds • 1 Bath
$2,375
964 ft2
1 Available
427-101
$2,375
Available Aug 1st, 2025
View
View Rented Units
2 Beds • 1 Bath
$2,595
1020 ft2
1 Available
435-000
$2,595
Available Sep 1st, 2025
View
View Rented Units
View More
Where you'll live
Street View
Map View
Satellite View
Nichols Station Apartments
Nichols Station Apartments
Nichols Station Apartments
Location ratings
Walk Score®
92
Walker's Paradise
Transit Score®
52
Good Transit
Bike Score®
91
Biker's Paradise
Amenities
On-site Laundry
Air Conditioning
Storage
Disability Access
Refrigerator
Fireplace
Garbage Disposal
Walk In Closets
Controlled Access
On Bus Line
Hardwood Floors
Water Included
Professional On-site Management
Historic Building
Sewer Included
High / Vaulted Ceiling
City Skyline View
Intercom Entry System
Dishwasher
Balcony, Deck, Patio
On-site Maintenance
Stainless Appliances
Bike Parking
Court Yard
24-hour Maintenance
Gated Entry
Elevator
Granite Countertop
Lake
Freezer
Stainless Steel Appliances
Microwave
Range / Oven
Fees & leasing info
Pets
Dogs Ok
Cats Ok
Pet Friendly Community
Pet Rent: $20.00
Breed Restrictions:

Doberman, Rottweiler, Pittbul, German Shepherd, Chow-chow, or any mix thereof

Number Limit:

2

Parking
Covered Parking
Lease & Fees
Lease Length: 12 months
Property details
Description

Fully Rehabbed, This Historic Downtown Building Offers Convenient City Living Along With Refreshing Views.
Nichols Station Apartments is located in Downtown Madison, WI, at the corner of East Gorham and Franklin Streets. It is across the street from Lake Mendota and a few blocks away from the Capitol, allowing for some of the best views Madison has to offer. Perfectly tailored to fit every lifestyle, Nichols Station is an ideal home for the Madison enthusiast.
In 1917, Madison Waterworks at Nichols Station pumped 8 million gallons of water a day to feed a growing city. One hundred years later, its comprehensive renovation has pumped new energy and new meaning into luxury downtown Madison living. This rehab allowed improvements to make Nichols Station a more energy efficient, convenient, and modern place to live.

Additional Details
Total Unit Count: 34
Last Updated: Updated 5 hours ago
Contact Number: (779) 345-2532
Property manager information
Wisconsin Management Company, Inc.
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Office Hours
Monday: 8:00 AM - 4:00 PM
Tuesday: 8:00 AM - 4:00 PM
Wednesday: 8:00 AM - 4:00 PM
Thursday: 8:00 AM - 4:00 PM
Friday: 8:00 AM - 4:00 PM
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Reviews
Nichols Station Apartments
5.0
4 reviews
LeRoy
June 29, 2021
Old Nikola Tesla Substation, utilizing steam powered flywheel storage, aka the 'Mechanical Battery'
Lucas
August 10, 2016
Nicely remodeled apartments with large rooms and very close to the park.
W
October 25, 2013
A no brainer! Yes, condo's have lost value with the market tanking years ago but these have really done well. Great location with Capital,...
Read More
Josh
August 31, 2010
There are a number of options for those looking for downtown condos in Madison Wisconsin. Nichols Station is one of the best values around....
Read More
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Neighborhood
Capitol
This area is an association of historic downtown neighborhoods surrounding the Wisconsin State Capitol: Bassett, Mifflin West, First Settlement, Mansion Hill, and James Madison Park. A mix of big city and residential streets, here you can find award winning restaurants, bars, cafes, shops, local theaters, and museums.

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Affordability
To comfortably afford an apartment, we recommend having at least three times your monthy rent in gross household income.
View suggested annual incomes for Nichols Station Apartments by bedroom type below.
1 Bedroom
Suggested income:
$65,400
per year
2 Bedroom
Suggested income:
$89,500
per year
Rent report

Nichols Station Apartments Rent vs. Madison Average

 Nichols Station Apartments      Madison Average
1BR
$1,819
$1,584
$0
$600
$1,200
$1,800
$2,400
2BR
$2,485
$2,052
$0
$850
$1,700
$2,550
$3,400

Nichols Station Apartments is asking 15% more than the average 1 bedroom apartment in Madison.

If you upsized to an average priced Madison 2 bedroom apartment, you would pay 23% more per month.

If you downsized to an average priced Madison studio apartment, you would pay 20% less per month.

Nichols Station Apartments provides 5% more square footage than the average Madison 1 bedroom apartment.

Monthly Rent Rent per Sq. Ft. Suggested
Monthly Income
Nichols Station Apartments
1BR $1,819 $2.50 $5,456
2BR $2,485 $2.50 $7,455
Madison Average
Studio $1,316 $3.00 $3,949
1BR $1,584 $2.30 $4,753
2BR $2,052 $2.00 $6,157
3BR $2,395 $1.80 $7,185
4BR $2,588 $1.90 $7,765

Availability in Madison

In order to find the best deal, you need to know what types of units are available. Property managers may be willing to give concessions if they have many vacant units.

There are currently 2,379 2BR units on the market in Madison. If you're looking to negotiate, this may be your best option.

Studio
1BR
2BR
3BR
4BR
13% 33% 40% 11% 2%
Available Units in Madison
Studio 805
1BR 1,996
2BR 2,379
3BR 639
4BR 137
Location
Nearby Colleges

University of Wisconsin - Madison

Edgewood College

Madison Area Technical College

Campus Buildings and Attractions
Distance Walking Biking Driving
State/Langdon 0.8 mi 16 min 5 min 3 min
Mifflin 0.9 mi 18 min 10 min 2 min
East Campus Mall 1.1 mi 21 min 8 min 3 min
Kohl Center 1.1 mi 22 min 8 min 3 min
Memorial Union 1.2 mi 23 min 8 min 3 min
Nearby Hospitals
Name Distance
Select Specialty Hospital Madison 1.28 mi.
Unitypoint Health Meriter 1.39 mi.
St Marys Hospital Madison 1.71 mi.
Nearby Fire Stations
Name Distance
Madison Fire Department 0.54 mi.
Marquette Volunteer Fire Department 1.46 mi.
Truax Field/Dane County Regional Airport Fire Department 2.38 mi.
FAQs
Is this property currently leasing units?
Yes. There are 9 available units at this property.
How many units are move-in ready in the next 2 months?
This property has 1 unit available for move-in now.
What's the square footage of the available units?
The available units range from 452 to 1,152 square feet.
Does this property allow cats or dogs?
This property allows tenants to keep cats and dogs.
How many bedrooms are in the available units?
There are 1 bedroom units available.
How many bathrooms are in the available units?
There are 1 bathroom units available.
What's the monthly rent at this property?
Nichols Station Apartments has a 1 bedroom unit starting at $2,300.
Where is this property located?
This property is at 427 E Gorham St in Madison, WI. It's 0.6 miles northeast from the center of Madison.
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