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Four-Unit Apartment Building
For Sale
$795,000

928 Spaight St, Madison, WI 53703

Historic-district property with shared laundry and a front porch.

Property Size530 SF
Price / SF$1,500
Days on Market8

Property Features for 928 Spaight St

General Information

Standard status Active
Size 530 SF
Total Parking Spaces 4
Property subtype Multi-Family
Zoning TR-V1
Occupancy 100%

Units

Unit Mix 1 x 2BR/1BA, 1 x studio/1BA, 1 x 1BR/1BA, 1 x 1BR+den/1BA
Multifamily Units 4

Amenities

shared laundry
front porch

Building Details

Year Built 1899
Listing Agency: Madison Property Management, Inc.
Listed By: Jim Stopple · License #9012003
Source: Holtrealestateteam
Added: Aug 23 Changed: Aug 28 Last Checked: Aug 29 at 11:49AM

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 Madison Property Management, Inc.

Investment Insights

Based on property information with market context.

Built in 1899, this four-unit apartment property includes a shared basement laundry area, front porch, shared driveway access, and four parking spaces behind the building. The property is fully leased and offers a mix of apartment layouts, with unit-specific configurations available for review.

The building is located two blocks from Williamson Street and one block from Lake Monona. Local restaurants are within walking distance, while downtown Madison is approximately 1 mile away. The property is zoned TR-V1 and lies within the HIST-TL Third Lake Ridge Historic District.

Key Highlights

  • Four‑unit apartment property built in 1899
  • Fully leased apartment complex
  • Shared basement laundry and front porch

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Daycare Center HVAC Service (Bike/Boat/Book/etc) Store Storage Facility Home Appliance Store Pet Grooming Service

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

1,464
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?
Quadplex - Historic-district property with shared laundry and a front porch.
Where is this quadplex located?
The property is located at 928 Spaight St Madison, WI.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Four‑unit apartment property built in 1899; Fully leased apartment complex; Shared basement laundry and front porch
More about this property
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