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.
Pending
$374,900
1937 Spohn Avenue, Madison, WI 53704
5beds
1,600sqft
Est.:
Multi Family
Built in 1940
-- sqft lot
$381,400 Zestimate®
$234/sqft
$-- HOA
What's special
Aluminum gutter guardsNew sidingSignificant exterior upgradesShingled roofEat-in kitchenHardwood floorsStainless steel appliances
- 36 days |
- 49 |
- 1 |
Likely to sell faster than
Zillow last checked: 7 hours ago
Listing updated: February 23, 2026 at 03:52am
Listed by:
Matt Kornstedt Pref:608-770-1754,
Stark Company, REALTORS,
Emalee Dominguez 262-455-0923,
Stark Company, REALTORS
Source: WIREX MLS,MLS#: 2016273
Originating MLS: South Central Wisconsin MLS
Originating MLS: South Central Wisconsin MLSFacts & 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
$381,400
$362,000 - $400,000
$1,793/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 2/18/2026 | Pending sale | $374,900$234/sqft |
Source:  WIREX MLS #2016273 Report a problem | ||
| 2/17/2026 | Contingent | $374,900$234/sqft |
Source: WIREX MLS #2016273 Report a problem | ||
| 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 | ||
| 5/1/2018 | Listing removed | $225,000$141/sqft |
Source: Building Equity Development #1820204 Report a problem | ||
| 1/31/2018 | Price change | $225,000-4.3%$141/sqft |
Source: Building Equity Development #1820204 Report a problem | ||
| 1/15/2018 | Price change | $235,000-2.1%$147/sqft |
Source: Building Equity Development #1820204 Report a problem | ||
| 1/7/2018 | Listed for sale | $240,000-4%$150/sqft |
Source: Building Equity Development #1820204 Report a problem | ||
| 7/28/2017 | Listing removed | $250,000$156/sqft |
Source: Building Equity Development #1808574 Report a problem | ||
| 7/7/2017 | Listed for sale | $250,000+25.6%$156/sqft |
Source: Building Equity Development #1808574 Report a problem | ||
| 4/29/2016 | Listing removed | $199,000$124/sqft |
Source: Building Equity Development #1772731 Report a problem | ||
| 4/18/2016 | Listed for sale | $199,000+89.5%$124/sqft |
Source: Building Equity Development #1772731 Report a problem | ||
| 12/1/2015 | Sold | $105,000-11.6%$66/sqft |
Source: Agent Provided Report a problem | ||
| 12/1/2015 | Listed for sale | $118,800$74/sqft |
Source: Keller Williams - Madison West #1752226 Report a problem | ||
| 11/25/2015 | Pending sale | $118,800$74/sqft |
Source: Keller Williams - Madison West #1752226 Report a problem | ||
| 11/10/2015 | Price change | $118,800-12%$74/sqft |
Source: Keller Williams - Madison West #1752226 Report a problem | ||
| 10/26/2015 | Listed for sale | $135,000$84/sqft |
Source: Keller Williams Realty #1752226 Report a problem | ||
| 9/16/2015 | Listing removed | $135,000$84/sqft |
Source: Keller Williams - Madison West #1752226 Report a problem | ||
| 7/11/2015 | Listed for sale | $135,000+35.1%$84/sqft |
Source: Keller Williams Realty #1752226 Report a problem | ||
| 6/17/2015 | Sold | $99,900$62/sqft |
Source: Agent Provided Report a problem | ||
| 9/11/2014 | Listing removed | -- |
Source: Auction.com Report a problem | ||
| 6/21/2014 | Listed for sale | -- |
Source: Auction.com Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $5,726 -4.7% | $292,500 -1.9% |
| 2023 | $6,010 | $298,300 +12% |
| 2022 | -- | $266,300 +14% |
| 2021 | -- | $233,600 +8% |
| 2020 | -- | $216,300 +3% |
| 2019 | $3,948 | $210,000 +12.2% |
| 2018 | $3,948 +5.2% | $187,100 +10% |
| 2017 | $3,751 +24.8% | $170,100 +32.4% |
| 2016 | $3,005 +0.1% | $128,500 -3.1% |
| 2014 | $3,003 +6.6% | $132,600 +2% |
| 2013 | $2,819 -4.9% | $130,000 |
| 2012 | $2,964 +5.2% | $130,000 |
| 2011 | $2,819 +0.7% | $130,000 -2.6% |
| 2010 | $2,798 +2.3% | $133,500 -5% |
| 2009 | $2,735 +4.9% | $140,500 |
| 2008 | $2,609 -1.9% | $140,500 |
| 2007 | $2,659 +0.2% | $140,500 |
| 2006 | $2,652 +2.7% | $140,500 +9% |
| 2005 | $2,581 -1.5% | $128,900 +5% |
| 2004 | $2,621 +4.6% | $122,800 |
| 2003 | $2,506 +2.3% | $122,800 +13.3% |
| 2002 | $2,450 +2.2% | $108,400 +7% |
| 2001 | $2,397 -9.6% | $101,300 +2% |
| 2000 | $2,650 | $99,300 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$2,395/mo
Principal & interest
$1933
Property taxes
$462
More affordability tools
Climate risks
Neighborhood: Sherman
Nearby schools
GreatSchools rating
- 6/10Emerson Elementary SchoolGrades: PK-5Distance: 1.1 mi
- 2/10Sherman Middle SchoolGrades: 6-8Distance: 0.2 mi
- 8/10East High SchoolGrades: 9-12Distance: 1.3 mi
Schools provided by the listing agent
- Elementary: Emerson
- Middle: Sherman
- High: East
- District: Madison
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 53704
- Wisconsin
- Dane County
- Madison
- 53704
- Sherman
- 1937 Spohn Avenue
Nearby cities
Nearby neighborhoods
Nearby zip codes
Other Madison Topics
