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4-Unit Apartment Building
New
For Sale
$1,298,160

421 W Doty Street, Madison, WI 53703

Multi Family, Madison, WI

Property SizeContact for details
Lot Size0.10 Acres
Days on Market2

Property Features for 421 W Doty Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning DR2
Bedrooms 12
Bathrooms 4
Full bathrooms 4
Rooms Bedroom 9, Bedroom 11, Bathroom 4, Bathroom 3, Bedroom 6, Bedroom 3, Bedroom 2, Bedroom 1, Bedroom 7, Bedroom 10, Bedroom 5, Bathroom 2, Bedroom 12, Bathroom 1, Bedroom 8, Bedroom 4
Appliances 4
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 Ave, to N Broom St. to Doty St.
Subdivision MADISON - C W01
Standard status Active
APN 0709-231-3109-2
Lot size 0.10 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 18597

Amenities

balcony
on-site laundry

Building Details

Year built 1982
Floors in Building 2
Number of units 4
Listing Agency: Madison Property Management, Inc.
Listed By: Jim Stopple · License #9012003
Added: Oct 6 Last Checked: Oct 7 at 12:06AM
MLS# 2034134

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 four-unit apartment property includes two 857-square-foot residences and two 1,120-square-foot residences. Each apartment has three bedrooms, one full bathroom, a kitchen, a living area, and a balcony. The larger units also feature an upper-level loft den connected by a spiral staircase. Shared laundry is available on site.

The property is four blocks from the Kohl Center and within walking distance of the UW Madison campus, Lake Monona, bike paths, the Capitol, and local restaurants. All four units are leased, and tenants pay their own electric service. The property was built in 1982, sits on 0.1 acres, and is zoned DR2.

Key Highlights

  • Four apartments: two at 857 square feet and two at 1,120 square feet
  • Each unit has 3 bedrooms, 1 full bath, a kitchen, living area, and balcony
  • The two 1,120‑square‑foot apartments include an upper loft den and spiral staircase

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick HVAC Service Daycare Center Electrical Service (Bike/Boat/Book/etc) Store 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

4
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

4,401
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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?
Quadplex - The residences combine three-bedroom layouts with balconies and shared on-site laundry.
Where is this quadplex located?
The property is located at 421 W Doty Street Madison, WI.
What is the asking price?
The asking price for this property is $1,298,160.
What are key features of this property?
This property features: Four apartments: two at 857 square feet and two at 1,120 square feet; Each unit has 3 bedrooms, 1 full bath, a kitchen, living area, and balcony; The two 1,120‑square‑foot apartments include an upper loft den and spiral staircase
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