Technical
Financial
Distress signals
Property profile

1923 Sherman Ave Madison, WI 53704

OFF-MARKET
Apartment buildings
Property ID
US92-1324185
0.92 ac lot Built 1955
Entity Owned ~ Est. High Equity
Saved · see the list in your Dashboard

Property profile

Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 1955
Lot 0.92 ac (39,945 SF)
Zoning code TR-V2
APN 0709-121-0317-7
UPID US92-1324185

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Landscaping
  • Apartment Building
  • Alternative Medicine Practice Spa & Massage Center

Location

1923 Sherman Ave Madison, WI 53704-5989
Madison metro Census 1804 MADISON, WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.60M

Owner & transaction history

since 2025
Last sale
$3.6M
1 recorded transaction
2025
$3.6M

Zoning & alternative use

TR-V2 · Madison, WI
Zoning description

The TR-V Districts are established to stabilize and protect and encourage throughout the City the essential characteristics of mature residential areas and to accommodate a full range of life cycle housing while encourag…

General category RESIDENTIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1923 Sherman Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message