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

932 Spaight Street, Madison, WI 53703

MULTI_FAMILY - Madison, WI

Property SizeContact for details
Lot Size0.12 Acres
Days on Market29

Property Features for 932 Spaight Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning HISTL-TRV1
Appliances 5
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 Paterson St., to Spaight St.
Subdivision MADISON - C E01
Standard status Active Under Contract
APN 0709-134-0523-3
Lot size 0.12 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 17114

Utilities

Heating system Radiant

Amenities

shared laundry
front porch
shared driveway access

Building Details

Year built 1906
Number of units 5
Listing Agency: Madison Property Management, Inc.
Listed By: Jim Stopple · License #1200390
Added: Jul 15 Changed: Aug 12 Last Checked: Aug 12 at 12:06PM
MLS# 2026382

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 5-unit Victorian-style apartment property was built in 1906 and features radiant heating, shared laundry in the basement, and a substantial front porch. The building also benefits from shared driveway access and four parking spaces positioned behind the property.

The property is located at 932 Spaight Street, two blocks from Williamson St. and one block from Lake Monona. Restaurants are within walking distance, while downtown Madison is approximately 1 mile away. The property is fully leased and encompasses 0.12 acres.

Key Highlights

  • Five‑unit apartment property built in 1906
  • Fully leased apartment property
  • Four parking spaces behind the property

Property Analytics

Current Use

Apartment buildings

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

5
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
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Frequently Asked Questions

What type of property is this?
Apartment building - Fully leased property with shared basement laundry and on-site parking.
Where is this apartment building located?
The property is located at 932 Spaight Street 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: Five‑unit apartment property built in 1906; Fully leased apartment property; Four parking spaces behind the property
More about this property
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