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Victorian 5-Unit Apartment Building
For Sale
$999,000

932 Spaight St, Madison, WI 53703

Victorian-style 5-unit multifamily property with shared basement laundry, parking behind the building, and shared driveway access.

Property Size1,186 SF
Price / SF$842.33
Days on Market94

Property Features for 932 Spaight St

General Information

Standard status Active
Size 1,186 SF
Total Parking Spaces 4
Property subtype Multi-Family
Zoning TR-V1
Occupancy 100%

Additional Details

Multifamily Units 5

Amenities

shared laundry
large front porch
shared driveway

Building Details

Year Built 1906
Construction Victorian
Tenancy Multi
Listing Agency: Madison Property Management, Inc.
Listed By: Jim Stopple · License #9012003
Source: Soldinmadison
Added: Jul 21 Changed: Oct 8 Last Checked: Oct 7 at 1:16PM

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.

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Investment Insights

Based on property information with market context.

Beautiful Victorian-style 5-unit apartment complex offers a mix of unit types. Units #1, #3, and #5 feature one bedroom and one bathroom, while Unit #2 offers two bedrooms and one bathroom. Unit #3 is a three-bedroom, one-bath configuration. Shared laundry is available in the basement, along with a large front porch and shared driveway access. Four parking spaces are located behind the property.

The property is located in Madison, just 2 blocks off Williamson St. and 1 block from Lake Monona, with walking distance to local restaurants and about 1 mile from downtown Madison.

The building is zoned TR-V1, with HIST-TL designated for the Third Lake Ridge Historic District. The units are described as fully leased.

Key Highlights

  • Victorian‑style 5‑unit apartment building built in 1906
  • Unit mix: three 1‑bedroom/1‑bath units (#1, #3, #5), one 2‑bedroom/1‑bath unit (#2), and one 3‑bedroom/1‑bath unit (#3)
  • Shared laundry available in the basement

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Lease Details

5
Residential units
100%
Occupancy
Multi-tenant
Tenancy

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Victorian-style 5-unit multifamily property with shared basement laundry, parking behind the building, and shared driveway access.
Where is this apartment building located?
The property is located at 932 Spaight St Madison, WI.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Victorian‑style 5‑unit apartment building built in 1906; Unit mix: three 1‑bedroom/1‑bath units (#1, #3, #5), one 2‑bedroom/1‑bath unit (#2), and one 3‑bedroom/1‑bath unit (#3); Shared laundry available in the basement
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