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6-Unit Brick Apartment Building
For Sale
Contact for pricing

403 W Wilson Street, Madison, WI 53703

Built in 1923, the building offers five two-bed units with den plus one studio, behind a Prairie School facade.

Property SizeContact for details
Days on Market20

Property Features for 403 W Wilson Street

General Information

Standard status Active
Property subtype Multifamily

Site & Location

Highway Access Yes
Public Transit Yes

Units

Unit Mix 5 x 2BR+den, 1 x studio
Multifamily Units 6
Parking per Unit 1

Amenities

on-site laundry
secure bike storage
fenced backyard

Building Details

Year Built 1923
Buildings 1
Construction Prairie School
Listing Agency: The Professional Brokers
Listed By: Torre Pustina · License #50524-90
Source: Crexi
Added: Jul 17 Changed: Jul 29 Last Checked: Aug 5 at 10:28AM

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 The Professional Brokers

Investment Insights

Based on property information with market context.

This 1923 all-brick apartment building features 6 units behind a classic Prairie School facade. The unit mix includes five two-bedroom homes with a den, plus one studio with a fireplace. Four of the upper units are nearly identical, and two units are described as below grade while still offering great natural light.

A larger ground unit includes a private entrance and has been used as a professional law office. Front and rear stair halls are described as complying with modern safety codes. The property also has a full-height attic story with 4 dormers, offering room for expansion. Throughout, original details are highlighted, including millwork, box trim, built-in storage, and hardwood floors, and each multi-bed unit benefits from a bonus sunroom with French doors.

On-site conveniences include laundry, secure bike storage, a rare fenced backyard, and parking for each unit. The parcel also includes a 2-way protected bike lane and provides easy Beltline access, with robust Metro routes, and proximity to Capitol Square, Lake Monona, and Brittingham Park’s off-leash dog park.

Key Highlights

  • Built in 1923, all‑brick building behind a classic Prairie School facade
  • 6 units total: five two‑bed plus den, and one studio with a fireplace
  • Two units described as below grade while still offering great natural light

Property Analytics

Current Use

Frank Law Offices Law Firm

Suggested Use

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

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

6
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

4,002
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 - Built in 1923, the building offers five two-bed units with den plus one studio, behind a Prairie School facade.
Where is this apartment building located?
The property is located at 403 W Wilson Street Madison, WI.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Built in 1923, all‑brick building behind a classic Prairie School facade; 6 units total: five two‑bed plus den, and one studio with a fireplace; Two units described as below grade while still offering great natural light
More about this property
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