2821 Monroe St - Apartments FOR SALE


Madison, WI 53711- Dudgeon-Monroe
$5,300,000 USD
920-723-1886
2821 Monroe St, Madison, WI for Sale
$5,300,000 USD
Apartments - FOR SALE
1/41
null | Request Cap Rate

2821 Monroe St
Madison, WI 53711
Dudgeon-Monroe


HIGHLIGHTS

  • Classic brick construction providing character and durability.
  • Steps from UW Arboretum, retail, dining, and grocery options.
  • Established tenant base with opportunities for rent growth.
  • On-site laundry and updated interiors in select units.
  • Walkable location with nearby transit and downtown access.
  • Significant value-add opportunity in a high-demand rental corridor.

OVERVIEW

Arboretum Arms Apartments offers investors an exceptional opportunity to acquire a well-located multifamily asset in Madison’s thriving rental market. Positioned within one of the city’s most desirable corridors, the property benefits from direct proximity to the University of Wisconsin, Edgewood College, and Lake Wingra. This location ensures consistent rental demand supported by neighborhood walkability, retail conveniences, and transit connectivity. Constructed with historic brick architecture and featuring an established tenant base, Arboretum Arms presents stability coupled with value-add potential. Several units have undergone interior upgrades, and opportunities exist to optimize rents through targeted improvements. With its adjacency to the UW Arboretum’s greenspace and quick access to downtown Madison, this investment combines proven demand with operational upside rarely available in such a sought-after setting. Sale Price: $5,300,000 Full Offering Memorandum available upon execution of an NDA.

FOR SALE DETAILS

PRICE

$5,300,000 USD

PRICE/SF

$283 USD /SF

# OF UNITS

19

PRICE/UNIT

$278,947

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Arboretum Arms

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2000

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.81 AC

LAND SF

35,486 SF

ZONING

TR-V2

APN/PARCEL ID

0709-281-1403-5,0709-281-1404-3,0709-281-1405-1,0709-281-1406-9

ASK ABOUT THIS PROPERTY

Brandon HousleyArtisan Graham Real EstateMore Info
920-723-1886

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Brandon HousleyArtisan Graham Real EstateMore Info
920-723-1886

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.