PRICE REDUCTION - Take advantage of this ready-to-develop investment opportunity in Windsor, WI. This 9.883-acre property is city-approved for a 122-unit multi-family complex, boasting a strategic location at the intersection of Gray Rd & CTH CV. The proposed development includes 12 studios, 48 one-bedroom, and 62 two-bedroom apartments across a 4-story building. With 22 garage parking stalls and 162 surface parking spaces, convenience is key for residents. The project has city approval until May 23, 2026 with potential for an extension upon request. Perfectly situated just 7 miles from Madison's East Side, this property offers a blend of suburban tranquility and urban accessibility. * Seller could stay part of the development entity for the approved plans if needed
Active
Price cut: $25K (2/5)
$1,225,000
Lot 1-2 Gray Rd #1, 2, Windsor, WI 53532
--beds
--baths
9.88Acres
Unimproved Land
Built in ----
9.88 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 206 days |
- 68 |
- 1 |
Zillow last checked: 7 hours ago
Listing updated: February 05, 2026 at 06:01pm
Listed by:
Jim Stopple 608-268-4912,
Madison Property Management, Inc.,
Tony Xiong 608-268-4987,
Madison Property Management, Inc.
Source: WIREX MLS,MLS#: 2008738
Originating MLS: South Central Wisconsin MLS
Facts & features
Property
Lot
- Size: 9.88 Acres
- Features: 5+ Unit Lot
Details
- Parcel number: 091029287101
- Zoning: multifamil
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Natural Gas Connected, Electricity Connected
Community & HOA
Location
- Region: Deforest
- Municipality: Windsor
Financial & listing details
- Tax assessed value: $329,000
- Annual tax amount: $5,653
- Date on market: 9/15/2025
- Listing terms: Sell in Entirety
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 2/5/2026 | Price change | $1,225,000-2% |
Source: | ||
| 1/5/2026 | Price change | $1,250,000-28.3% |
Source: | ||
| 12/4/2025 | Price change | $1,743,000-2.8% |
Source: | ||
| 9/15/2025 | Listed for sale | $1,793,000 |
Source: | ||
Public tax history
Public tax history
Tax history is unavailable.Monthly payment
Estimated monthly payment
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 53532
Nearby schools
GreatSchools rating
- 7/10Windsor Elementary SchoolGrades: K-3Distance: 0.6 mi
- 6/10De Forest Middle SchoolGrades: 7-8Distance: 1.4 mi
- 8/10De Forest High SchoolGrades: 9-12Distance: 1.7 mi
Schools provided by the listing agent
- District: Deforest
Source: WIREX MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
Local experts in 53532
- Wisconsin
- Dane County
- Windsor
- 53532
- Lot 1-2 Gray Rd Unit 1, 2




