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Historic 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 Market49

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

Building Details

Year built 1906
Number of units 5
Listing Agency: Madison Property Management, Inc.
Listed By: Jim Stopple · License #9012003
Added: Jul 15 Changed: Aug 26 Last Checked: Sep 1 at 8:06PM
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 1906 Victorian-style apartment building contains five units and is fully leased. The property includes shared basement laundry, a large front porch, shared driveway access, and four parking spaces behind the building. Radiant heating serves the property.

Located at 932 Spaight Street, the building sits two blocks from Williamson Street and one block from Lake Monona. Local restaurants are within walking distance, while downtown Madison is approximately one mile away.

Key Highlights

  • Five‑unit apartment building constructed in 1906
  • Fully leased residential property
  • Four parking spaces behind the building

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
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Five-unit residential income property with shared laundry, porch space, and rear 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 building constructed in 1906; Fully leased residential property; Four parking spaces behind the building
More about this property
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