Fully rented, never vacant, 5 unit, once in a generation property situated on the shores of Lake Monona in one of Madison's most desirable locations. A short walk to Capitol Square and in the heart of the Marquette neighborhood. Originally the M.H. Sater Apartment Building, this classic American Foursquare was built in 1907. 40 ft of lake frontage, the lot is long and is terraced in the back. The exponential growth potential for net income in 2025 is outstanding! A unique combination of units, comprised of a studio, a 1 bedroom, two, 2 bedroom apartments and a two story 5 bedroom apartment. Several garden plots on the lake and kayak storage. Updates include electrical service for the entire building, new water softener and south side dormer rebuild. This is a special place!
Sold for $1,200,000
$1,200,000
909 Spaight St, Madison, WI 53703
9beds
--sqft
Multi Family
Built in 1909
-- sqft lot
$1,313,000 Zestimate®
$--/sqft
$2,735 Estimated rent
Home value
$1,313,000
$1.21M - $1.43M
$2,735/mo
Zestimate® history
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$2,735/mo
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$6,553/mo
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Zillow last checked:
Listing updated:
Listed by:
Mark Gladue,
Lauer Realty Group, Inc.
Bought with:
Jaden Enge, 110325-94
Superior Property Group
Source: SCWMLS,MLS#: 1975327
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 5
- Full bathrooms: 5
Heating
- Natural Gas, Radiant
Appliances
- Included: Range/Oven (Unit 1), Refrigerator (Unit 1), Range/Oven (Unit 2), Refrigerator (Unit 2), Range/Oven (Unit 3), Refrigerator (Unit 3), Range/Oven (Unit 4), Refrigerator (Unit 4), Water Softener Owned
Features
- Internet -Fiber Available, Family/Rec Room (Unit 4), Primary bedroom bath
- Basement: Full,Full size windows/Exposed,Partially Finished,Walk-Out Access
Interior area
- Total structure area: 0
Property
Parking
- Parking features: 1 space, Outside
Features
- Levels: Three Or More
- Waterfront features: Waterfront, Lake Front
- Body of water: Monona
Lot
- Size: 7,405 sqft
- Features: Near Public Transit
Details
- Parcel number: 070913426114
- Zoning: HIS_TL
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Stucco, Wood Siding
- Foundation: Other
Condition
- Year built: 1909
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Separate elec meters
Community & neighborhood
Location
- Region: Madison
HOA & financial
Other financial information
- Total actual rent: 70980
Other
Other facts
- Listing terms: Arms Length
Price history
| Date | Event | Price |
|---|---|---|
| 8/12/2024 | Sold | $1,200,000+9.1% |
Source: SCWMLS #1975327 Report a problem | ||
| 6/8/2024 | Pending sale | $1,100,000 |
Source:  WIREX MLS #1975327 Report a problem | ||
| 5/31/2024 | Price change | $1,100,000-21.4% |
Source: WIREX MLS #1975327 Report a problem | ||
| 5/6/2024 | Price change | $1,400,000-20% |
Source: WIREX MLS #1975327 Report a problem | ||
| 4/23/2024 | Listed for sale | $1,750,000 |
Source: WIREX MLS #1975327 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: Marquette
Nearby schools
GreatSchools rating
- NALapham Elementary SchoolGrades: PK-2Distance: 0.6 mi
- 8/10O'keeffe Middle SchoolGrades: 6-8Distance: 0.8 mi
- 8/10East High SchoolGrades: 9-12Distance: 1.5 mi
Schools provided by the listing agent
- Elementary: Lapham/Marquette
- Middle: OKeeffe
- High: East
- District: Madison
Source: SCWMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$1,313,000
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,313,000
- Wisconsin
- Dane County
- Madison
- 53703
- Marquette
- 909 Spaight St
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