Madison, WI Multifamily Properties for Sale

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Updated: Mar 13

Desirable Rental Investment Opportunity

2309-2311 McKenna Boulevard, Madison, WI 53711

$690,000

2,808 sqft

Great rental investment opportunity.
Desirable location.
Each side has 3 bedrooms and 1.5 baths.
Large two‑car garages.
Includes 2 refrigerators, 2 range/ovens, 2 dishwashers, 2 washers, 2 dryers, and 2 water softeners.

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This listing looks promising.

Here's a quick look at some key insights for

2309-2311 McKenna Boulevard, Madison, WI 53711

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Est. Cap Rate

5.4%
NOI ÷ price
Est. NOI

$37K
Annual
Price @ 7% Cap

$531K
Suggested

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Updated: Jun 29

Updated Duplex Investment

2309/2311 McKenna Boulevard, Madison, WI 53711

$690,000

0.27 AC lot

Duplex built in 1991 offering 6 bedrooms and 4 bathrooms based on room configuration
One side has recent updates including new flooring, cabinets, fixtures, and a new furnace
Forced air heating
Fresh lease in place at $2,600
Combined rents are over $5,000 per month

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Redevelopment Site with Historic Hotel

522 E Wilson Street, Madison, WI 53703

$10,000,000

1.53 AC lot

Downtown Madison redevelopment site with approved apartment and hotel plans.

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4-Unit Residential Income Property

4706 Jenewein Road, Madison, WI 53711

$850,000

0.22 AC lot

Well-maintained 4-unit property with updated vacant unit and tenant-paid utilities.

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Stabilized 7-Unit Multifamily Property

3712-3724 Lien Road, Madison, WI 53704

$1,099,900

3,800 sqft

Stabilized 7-unit Madison property with basement laundry and a standout townhome-style unit, providing dependable in-place income.

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Multifamily Residential Income Building

736 E Johnson Street, Madison, WI 53703

$675,000

0.10 AC lot

For sale multifamily property with 2BR, 1BR, and efficiency units, including a unit leased through 7/31/27.

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Victorian 5-Unit Apartment Building

932 Spaight Street, Madison, WI 53703

$999,000

0.12 AC lot

Victorian-style 5-unit apartment complex with shared basement laundry and a large front porch.

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Brick & Stucco Triplex Investment

926 Spaight Street, Madison, WI 53703

$999,900

0.10 AC lot

Well-maintained brick and stucco triplex with shared basement laundry and detached 3-car garage.

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Spacious 2-Flat Near James Madison Park

124 North Franklin Street, Madison, WI 53703

$900,000

2,697 sqft

8-bedroom property generating over $7,100/month with upside potential.

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Updated Townhouse-Style Quadplex

41-47 Sunfish Court, Madison, WI 53713

$1,095,000

0.47 AC lot

Townhouse-style quadplex with each unit on three floors plus a private basement, with most units updated at various points.

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Four-Unit Apartment Building

928 Spaight Street, Madison, WI 53703

$795,000

0.10 AC lot

Four leased units with basement laundry, front porch, and shared driveway with four on-site parking spaces.

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Well-Maintained Duplex With Private Decks

1002-1004 Severson Drive, Madison, WI 53718

$949,900

0.51 AC lot

Each side offers four bedrooms and three full baths, with private decks and walkout lower levels to a large yard.

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Stabilized 7-Unit Multifamily Building

3712-3724 Lien Road, Madison, WI 53704

$1,099,900

0.37 AC lot

Stabilized 7-unit building with a brand-new roof and shared basement laundry, plus a townhome-style unit with private basement laundry.

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Madison Redevelopment Site For Sale

434 South Yellowstone Drive, Madison, WI 53719

$2,995,000

31,500 sqft 1.97 AC lot

1.97 acre redevelopment site in a prime West-Side location.

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Two-Unit Duplex Investment

1010 E Gorham Street, Madison, WI 53703

$644,900

0.08 AC lot

Two-flat duplex with original woodworking, hardwood floors, and bay windows, plus a flex/nonconforming third bedroom.

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Turn-Key 3-Unit Income Triplex

554 W Mifflin Street, Madison, WI 53703

$1,295,000

0.05 AC lot

Three leased units in a triplex with full kitchens, multiple bedrooms, updated basement laundry/storage, and four on-site parking spaces.

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Lighthouse Bay Duplex with Boat Slip

Madison, WI 53704

$625,000

2,229 sqft

Duplex with lake views, boat slip, and spacious floor plan.

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Renovated Two-Unit Residential Income

618 North Street, Madison, WI 53704

$359,900

0.13 AC lot

Renovated 2-unit duplex with updated roof, electrical, and flooring, including separate electric billing for tenants.

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Updated Duplex Investment Property

2309/2311 McKenna Boulevard, Madison, WI 53711

$690,000

Updated duplex with strong rental income potential.

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Two-Flat Residential Income Property

508-510 W Mifflin Street, Madison, WI 53703

$815,000

0.07 AC lot

Two-unit residential income property with a new roof and original wood floors, currently rented as a single house.

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Two-Home Residential Income Property

5794 Portage & 3949 Hoepker Road, Madison, WI 53718

$700,000

2.00 AC lot

A two-home setup on a wooded lot offers separate decks and income flexibility with one unit currently rented.

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Duplex with Off-Street Parking

124 N Franklin Street, Madison, WI 53703

$900,000

0.08 AC lot

Well-maintained 2-flat with off-street parking and newer boiler, already generating over $7,100/month.

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Well-Maintained Four-Unit Multifamily

4706 Jenewein Road, Madison, WI 53711

$850,000

Four-unit property with updated vacant unit, private 1-car garages, and recent exterior improvements for manageable ownership.

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Triplex Residential Income Property

1332 E Dayton Street, Madison, WI 53703

$699,500

0.10 AC lot

Triplex for sale in Madison, WI, offering separate living spaces within a single residential income asset.

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Madison, WI Multifamily Properties Market Trends and Statistics

Explore 72 multifamily properties for sale in Madison, WI, showcased through 49 active listings on our real estate platform. These investment opportunities span a total of 43,034 square feet of properties for sale, with an estimated market value of $6,309,900.

Sale prices for multifamily properties in Madison, WI start at $625,000, averaging $1,261,980, and reaching up to $2,995,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 309K

Population Growth (5Y) +2.9%

Median Household Income $76,348

College Educated 30.0%

High-Yield Neighborhoods for Investment

Identify Madison submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
53714	$429.7K
53704	$620.8K
53711	$810.7K
53717	$825K
53718	$862.5K

Taxes & Financing

Tax Rate (average for all types) 1.78%

Property Tax per SF $25.86 per SF

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Dane County

New Delisted

Total CRE Inventory on Market (SF)

Property Size Breakdown

The majority of commercial real estate listings in Madison fall within the 100,000+ square foot range.

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