Active

$374,900

1937 Spohn Avenue, Madison, WI 53704

5beds

1,600sqft

Est.:

Multi Family

Built in 1940

-- sqft lot

$371,700 Zestimate^®

$234/sqft

$-- HOA

What's special

Aluminum gutter guardsNew sidingSignificant exterior upgradesShingled roofEat-in kitchenHardwood floorsStainless steel appliances

Showings Begin 2/14. INVESTMENT OPPORTUNITY IS KNOCKING! This cash-flowing duplex near Lake Mendota is perfect for the savvy investor looking to add value or owner occupy. Property boasts good bones & significant exterior upgrades. New siding, gutters, fascia, soffit, and aluminum gutter guards in 2025. Shingled roof in 2020 & Rolled roofing on back portion in 2022. The interior currently reflects a well-loved tenant status with room for upgrades. Lower-level unit features 3 bedrooms, hardwood floors, stainless steel appliances, & in-unit laundry. Upper-level unit offers a split 2-bed layout and eat-in kitchen. Both units include detached 1-car garage. Located minutes from Madison Technical College, local dining & parks - This is a prime chance to capitalize on the high-demand rental market! Photos reflect a vacant status, although both units are currently occupied.

1 day

931

30

Tour with a local agent

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 5
Bathrooms: 2
Full bathrooms: 2

Heating

Natural Gas, Forced Air

Appliances

Included: Water Softener

Features

Basement: Full,Concrete
Has fireplace: No

Interior area

Total structure area: 1,600
Total interior livable area: 1,600 sqft

Property

Parking

Total spaces: 2
Parking features: 2 Car, Detached
Garage spaces: 2

Features

Levels: Two
Stories: 2
Fencing: Fenced

Lot

Size: 9,583.2 Square Feet

Details

Parcel number: 081031218127
Zoning: TR-C4

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Vinyl Siding, Aluminum/Steel

Condition

21+ Years
New construction: No
Year built: 1940

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Location

Region: Madison
Municipality: Madison

Financial & listing details

Price per square foot: $234/sqft
Tax assessed value: $321,800
Annual tax amount: $5,638
Date on market: 2/12/2026
Inclusions: 2 Refrigerators, 2 Ranges/Ovens, 1 Dishwasher, 1 Washer, 1 Dryer, All Window Coverings
Exclusions: Tenant's Personal Property

Estimated market value

$371,700

$353,000 - $390,000

$1,778/mo

Price history

Date	Event	Price
2/12/2026	Listed for sale	$374,900+28.2%$234/sqft
Source: WIREX MLS #2016273 Report a problem
10/23/2023	Sold	$292,500-2.5%$183/sqft
Source: WIREX MLS #1964137 Report a problem
9/26/2023	Contingent	$299,900$187/sqft
Source: WIREX MLS #1964137 Report a problem
9/18/2023	Listed for sale	$299,900+42.8%$187/sqft
Source: WIREX MLS #1964137 Report a problem
11/8/2018	Sold	$210,000-6.7%$131/sqft
Source: Public Record Report a problem