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Four-Unit Apartment Building
For Sale
$795,000

928 Spaight Street, Madison, WI 53703

MULTI_FAMILY - Madison, WI

Property SizeContact for details
Lot Size0.10 Acres
Days on Market48

Property Features for 928 Spaight Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning HISTL-TRV1
Bedrooms 4
Bathrooms 4
Full bathrooms 4
Rooms Bathroom 4, Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 4, Bathroom 3, Bedroom 3
Appliances 4
Elementary school Lapham/Marquette
Middle school OKeeffe
High school East
Elementary school district Madison
Middle school district Madison
High school district Madison
Directions Williamson St., to S Paterson St. to Spaight St
Subdivision MADISON - C E01
Standard status Active
APN 0709-134-0522-5
Lot size 0.10 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 11972

Utilities

Heating system Radiant

Amenities

shared laundry
front porch

Building Details

Year built 1899
Floors in Building 2
Number of units 4
Listing Agency: Madison Property Management, Inc.
Listed By: Jim Stopple · License #1200390
Added: Jun 26 Changed: Aug 5 Last Checked: Aug 12 at 1:06AM
MLS# 2026376

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 at 928 Spaight Street includes shared laundry in the basement, a front porch, shared driveway access, and four parking spaces behind the building. The property was built in 1899 and uses radiant heating. The available unit descriptions identify a mix of two-bedroom, studio, and one-bedroom layouts, including a one-bedroom unit with a den; the source data contains an inconsistency in the detailed unit numbering, so the individual configurations are not further specified here.

The property occupies 0.1 acres, two blocks from Williamson St. and one block from Lake Monona. Restaurants are within walking distance, and downtown Madison is approximately 1 mile away. The building is fully leased and located within the Third Lake Ridge Historic District.

Key Highlights

  • Four‑unit apartment property built in 1899
  • Fully leased residential income property
  • 0.1‑acre parcel at 928 Spaight Street

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 - Fully leased quadplex with shared basement laundry, a front porch, and four rear parking spaces.
Where is this quadplex located?
The property is located at 928 Spaight Street 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 residential income property; 0.1‑acre parcel at 928 Spaight Street
More about this property
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