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8-Unit Brick Apartment Building
For Sale
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2338-2342 Allied Drive, Madison, WI 53711

Brick multifamily property with two-bedroom residences, assigned parking, private storage, and basement laundry.

Property SizeContact for details
Days on Market142

Property Features for 2338-2342 Allied Drive

General Information

Standard status Active
Total Parking Spaces 16
Property subtype Multifamily

Financials

Gross Income $116,400
HOA Fee $3,440

Units

Unit Mix 8 x 2BR
Multifamily Units 8
Parking per Unit 2

Amenities

coin-op laundry
storage unit

Building Details

Buildings 1
Construction brick
Listing Agency: Altus Commercial Real Estate
Listed By: Carson Brewer · License #Wi 111143
Source: Crexi
Added: Apr 13 Changed: Aug 31 Last Checked: Aug 29 at 2:38PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Altus Commercial Real Estate

Investment Insights

Based on property information with market context.

This brick apartment property at 2338-2342 Allied Drive in Madison includes eight 720-square-foot, two-bedroom condominium units. Each residence has two assigned parking stalls and one storage unit, with parking accommodated in an expanded lot. A coin-operated laundry is located in the basement.

The units are currently leased on a month-to-month basis, with one vacancy. Association services cover building and common-area maintenance, common-area electricity, water for each residence, management, heat, snow removal, and landscaping.

Key Highlights

  • Eight 720 SF two‑bedroom condominium units
  • Two assigned parking stalls and one storage unit per residence
  • Expanded parking lot serving the building

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Dental Office Parking Lot & Garage Hair Salon Nail Salon Electrical 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

8
Residential units

Location Intelligence

Trade Area within ½ mile

305
Businesses Nearby

Demographics for 53711, WI

51,448
Population
23,500
Households
2.2
Avg Household Size
37
Median Age
66%
College-Educated
97%
High-School Grad
26.0 sq mi
ZIP Area
1,979
Density / Sq Mi
$101,236
Median Household Income
$55,284
Median Earnings
$1,357
Median Rent
$387,600
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

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

What type of property is this?
Apartment building - Brick multifamily property with two-bedroom residences, assigned parking, private storage, and basement laundry.
Where is this apartment building located?
The property is located at 2338-2342 Allied Drive Madison, WI.
What are key features of this property?
This property features: Eight 720 SF two‑bedroom condominium units; Two assigned parking stalls and one storage unit per residence; Expanded parking lot serving the building
(608) 445-2384 Call to check price and availability
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