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Brick Apartment Buildings Near Arboretum
For Sale
$4,999,500

2821 Monroe St, Madison, WI 53711

Three brick apartment buildings with traditional layouts, hardwood floors, and open sun porches near Lake Wingra.

Property Size800 SF
Price / SF$6,249
Days on Market12

Property Features for 2821 Monroe St

General Information

Standard status Active
Size 800 SF
Property subtype Multi-Family

Additional Details

Public Transit Yes

Amenities

open sun porch
yard and garden area

Building Details

Year Built 1925
Buildings 3
Construction brick
Listing Agency: Artisan Graham Real Estate
Listed By: Brandon Housley · License #8302494
Source: Holtrealestateteam
Added: Aug 21 Changed: Aug 30 Last Checked: Aug 30 at 8:05PM

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 Artisan Graham Real Estate

Investment Insights

Based on property information with market context.

Built in 1925, this three-building apartment property features traditional residential layouts with large living rooms, formal dining rooms, and one bathroom per apartment equipped with a tub and shower. Hardwood flooring extends through the living areas, while kitchens and bathrooms have other floor finishes. Open sun porches face the yard and garden area. With two apartments on each floor, the units receive windows on three sides.

The property is located approximately one-half block from the Arboretum and Lake Wingra, where boat rentals are available. Edgewood College and UW Madison are nearby, and the property is served by a bus line. Walking-distance shops and restaurants, a grocery store, and Arboretum biking and jogging trails add to the surrounding amenities.

Key Highlights

  • Three brick apartment buildings constructed in 1925
  • Two apartments per floor, with windows on three sides of each apartment
  • Large living rooms and formal dining rooms

Property Analytics

Current Use

Arboretum Arms LLC ... Apartment Building

Suggested Use

Top Pick Law Firm Dental Office Hair Salon Building Supply Grocery & Convenience Store Nail Salon

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

345
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
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Frequently Asked Questions

What type of property is this?
Apartment building - Three brick apartment buildings with traditional layouts, hardwood floors, and open sun porches near Lake Wingra.
Where is this apartment building located?
The property is located at 2821 Monroe St Madison, WI.
What is the asking price?
The asking price for this property is $4,999,500.
What are key features of this property?
This property features: Three brick apartment buildings constructed in 1925; Two apartments per floor, with windows on three sides of each apartment; Large living rooms and formal dining rooms
More about this property
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