Triplex with Detached 3-Car
926 Spaight Street Madison, WI 53703
926 Spaight Street, Madison, WI, 53703
$999,900
For Sale
$999,900
Brick and stucco triplex with a detached 3-car garage, front porch, and shared coin-op laundry in the basement.
Property Size4,668 SF
Price / SF$214.20
Days on Market32
Property Features for 926 Spaight Street
General Information
- Standard status
- Active
- Size
- 4,668 SF
- Property subtype
- Multi Family / 3 story
Building Details
- Year Built
- 1929
Listing agency
EXP Realty, LLC
(608) 575-7565
Listed by
Deanna Prochaska · License #29513-94
(608) 575-7565
Source
Compass
Added: Jun 21 Updated: Jul 21 at 5:46AM Checked: Jul 21 at 5:46AM
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 EXP Realty, LLC
Investment Insights
Based on property information with market context.
Well-maintained brick and stucco triplex featuring a welcoming front porch and separate unit living space. Each unit includes necessary appliances, supporting tenant-ready functionality. The basement includes a shared coin-operated washer and dryer.
A detached 3-car garage provides valuable off-street parking and additional storage, with the garage roof described as newer and featuring a membrane system. The property is described as being one block from Lake Monona and minutes from the State Capitol, UW–Madison, and downtown Madison, with access to restaurants, entertainment, and local amenities also noted. Additional nearby recreation is identified with proximity to the Capital City Trail and BB Clarke Beach.
A detached 3-car garage provides valuable off-street parking and additional storage, with the garage roof described as newer and featuring a membrane system. The property is described as being one block from Lake Monona and minutes from the State Capitol, UW–Madison, and downtown Madison, with access to restaurants, entertainment, and local amenities also noted. Additional nearby recreation is identified with proximity to the Capital City Trail and BB Clarke Beach.
Key Highlights
- Well‑maintained brick and stucco triplex built in 1929
- Detached 3‑car garage with a newer membrane roof for off‑street parking and added storage
- Each unit includes appliances such as range/ovens, refrigerators, dishwashers, and disposals (as listed)
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $92.4k | $19.80 |
| − Vacancy | −$4.2k | −$0.89 |
| EGI | $88.3k | $18.91 |
| − OpEx | −$26.5k | −$5.67 |
| NOI | $61.8k | $13.24 |
4,668 SF · lease $19.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$882.7K
$772.3K – $1.03M
NOI $61,787 @ 7.0% cap · market cap 6.18%
Second Best
Apartment 5plus
$818.0K
$715.7K – $954.3K
NOI $57,259 @ 7.0% cap · market cap 5.73%
Theoretical Best
Office A
$1.36M
$1.19M – $1.59M
NOI $95,451 @ 7.0% cap · market cap 9.55%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
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FAQs
What type of property is this?
Triplex - Brick and stucco triplex with a detached 3-car garage, front porch, and shared coin-op laundry in the basement.
Where is this triplex located?
The property is located at 926 Spaight Street Madison, WI.
What is the asking price?
The asking price for this property is $999,900.
What are key features of this property?
This property features: Well‑maintained brick and stucco triplex built in 1929; Detached 3‑car garage with a newer membrane roof for off‑street parking and added storage; Each unit includes appliances such as range/ovens, refrigerators, dishwashers, and disposals (as listed)
