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Brick Three-Unit Triplex
New
For Sale
$675,000

614 Spruce Street, Madison, WI 53715

Multi Family, Madison, WI

Property SizeContact for details
Lot Size0.24 Acres
Days on Market2

Property Features for 614 Spruce Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning TR-C2
Bedrooms 5
Bathrooms 3
Full bathrooms 3
Rooms Bathroom 3, Bedroom 3, Bathroom 1, Bedroom 2, Bedroom 5, Bedroom 1, Bathroom 2, Bedroom 4
Parking features Garage
Appliances 3
Subdivision Bay Creek
Elementary school Franklin/Randall
Middle school Hamilton
High school West
Elementary school district Madison
Middle school district Madison
High school district Madison
Directions John Nolen or Park St. to Olin Ave to South on Hickory to Right on Spruce
Standard status Active
APN 0709-264-0135-1
Lot size 0.24 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 8034

Utilities

Heating system Forced Air

Building Details

Year built 1942
Floors in Building 2
Number of units 3
Listing Agency: Stark Company, REALTORS
Listed By: Trent Halverson
Added: Oct 13 Last Checked: Oct 14 at 2:06AM
MLS# 2034564

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 1942, this brick triplex contains two two-bedroom apartments and a one-bedroom lower-level unit with full-size windows. The larger units retain hardwood flooring and original woodwork, along with faux fireplaces, formal dining rooms, private porches, and ample closet space. A detached two-car garage and a private backyard are also part of the property.

The 0.24-acre site is zoned TR-C2. Nearby destinations include Goodman Pool, Monona Bay, Park Street businesses, and St. Mary’s Hospital, with downtown and campus also described as accessible from the property.

Key Highlights

  • Three‑unit brick property built in 1942
  • Two two‑bedroom apartments and one lower‑level one‑bedroom unit with full‑size windows
  • Hardwood floors, original woodwork, faux fireplaces, formal dining rooms, and private porches in the two larger units

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Law Firm Real Estate Agency HVAC Service Bakery Kitchen & Bath Showroom Auto Parts Store

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

3
Residential units

Location Intelligence

Trade Area within ½ mile

1,713
Businesses Nearby

Demographics for 53715, WI

16,517
Population
5,640
Households
2.9
Avg Household Size
24
Median Age
66%
College-Educated
95%
High-School Grad
1.3 sq mi
ZIP Area
12,705
Density / Sq Mi
$37,598
Median Household Income
$8,819
Median Earnings
$1,533
Median Rent
$436,100
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
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Frequently Asked Questions

What type of property is this?
Triplex - Two residences feature period woodwork and hardwood floors; the lower-level apartment has full-size windows.
Where is this triplex located?
The property is located at 614 Spruce Street Madison, WI.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Three‑unit brick property built in 1942; Two two‑bedroom apartments and one lower‑level one‑bedroom unit with full‑size windows; Hardwood floors, original woodwork, faux fireplaces, formal dining rooms, and private porches in the two larger units
More about this property
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