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Five-Parcel Apartment Property
New
For Sale
$5,725,000

534 536 538 540 Mifflin & 535 W Dayton Street, Madison, WI 53703

Multi Family, Madison, WI

Property SizeContact for details
Lot Size0.48 Acres
Days on Market3

Property Features for 534 536 538 540 Mifflin & 535 W Dayton Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning DR2
Appliances 11
Elementary school Franklin/Randall
Middle school Hamilton
High school West
Elementary school district Madison
Middle school district Madison
High school district Madison
Directions W Washington to N Bedford to Mifflin
Subdivision MADISON - C W01
Standard status Active
APN multiple
Lot size 0.48 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 58294

Utilities

Heating system Forced Air

Building Details

Year built 1899
Floors in Building 3
Number of units 11
Listing Agency: Madcityhomes.Com
Listed By: Caleb Payne · License #9313994
Added: Aug 21 Last Checked: Aug 23 at 1:06AM
MLS# 2031016

Copyright © 2026 REALTORS® Association of South Central Wisconsin. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This multifamily offering combines five contiguous parcels with apartment properties and substantial rear parking areas. The four properties on West Mifflin Street form an approximately 130-by-120-foot rectangle, while the adjoining Dayton Street parcel extends the assemblage and provides driveway access from both streets. Most parcels include 4 parking stalls, creating an additional parking component separate from apartment operations. One property at 535 W Dayton Street includes 7 bedrooms. The properties were built in 1899 and use forced-air heating. The assemblage is located at 534, 536, 538, and 540 W Mifflin Street and 535 W Dayton Street in Madison, Wisconsin, and is zoned DR2.

Key Highlights

  • Five contiguous parcels assembled across Mifflin and Dayton Streets
  • Approximately 0.48 acres across the combined holdings
  • Four Mifflin Street parcels form an approximately 130 x 120‑foot rectangle

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick HVAC Service Electrical Service Daycare Center Plumbing Service Furniture & Home Goods (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

4,875
Businesses Nearby

Demographics for 53703, WI

38,512
Population
21,025
Households
1.8
Avg Household Size
27
Median Age
69%
College-Educated
98%
High-School Grad
1.8 sq mi
ZIP Area
21,396
Density / Sq Mi
$46,618
Median Household Income
$27,923
Median Earnings
$1,445
Median Rent
$472,000
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Contiguous multifamily holdings with rear parking areas and vehicle access from two streets.
Where is this apartment building located?
The property is located at 534 536 538 540 Mifflin & 535 W Dayton Street Madison, WI.
What is the asking price?
The asking price for this property is $5,725,000.
What are key features of this property?
This property features: Five contiguous parcels assembled across Mifflin and Dayton Streets; Approximately 0.48 acres across the combined holdings; Four Mifflin Street parcels form an approximately 130 x 120‑foot rectangle
More about this property
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