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Historic Five-Unit Apartment Building
For Sale
Under Contract
$999,000

932 Spaight Street, Madison, WI 53703

Multi Family, Madison, WI

Property SizeContact for details
Lot Size0.12 Acres
Days on Market55

Property Features for 932 Spaight Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning HISTL-TRV1
Appliances 5
Elementary school Lapham/Marquette
Middle school OKeeffe
High school East
Elementary school district Madison
Middle school district Madison
High school district Madison
Directions Williamson St., to Paterson St., to Spaight St.
Subdivision MADISON - C E01
Standard status Active Under Contract
APN 0709-134-0523-3
Lot size 0.12 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 17114

Utilities

Heating system Radiant

Amenities

shared laundry
front porch

Building Details

Year built 1906
Number of units 5
Listing Agency: Madison Property Management, Inc.
Listed By: Jim Stopple · License #9012003
Added: Jul 15 Changed: Sep 2 Last Checked: Sep 7 at 12:06AM
MLS# 2026382

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.

Built in 1906, this five-unit apartment property presents a Victorian-style exterior with a large front porch. The building includes shared basement laundry, shared driveway access, and four parking spaces positioned behind the property. Radiant heating serves the apartments, and the property is fully leased.

The property is located at 932 Spaight Street in Madison, two blocks from Williamson Street and one block from Lake Monona. Downtown Madison is approximately 1 mile away, with local restaurants within walking distance. The property is zoned HISTL-TRV1.

Key Highlights

  • Five‑unit apartment property built in 1906
  • Fully leased residential income property
  • Victorian‑style building with large front porch

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Daycare Center HVAC Service (Bike/Boat/Book/etc) Store Storage Facility Home Appliance Store Pet Grooming Service

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

Lease Details

5
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

1,464
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 - Victorian-era rental property with shared laundry, four rear parking spaces, and a covered front porch.
Where is this apartment building located?
The property is located at 932 Spaight Street Madison, WI.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Five‑unit apartment property built in 1906; Fully leased residential income property; Victorian‑style building with large front porch
More about this property
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