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$5,463 Closing Credit¹
#1999390, Alise Wasserburger, Listing Office: Realty Executives Cooper Spransy
Property details
About 1923 Sherman Ave
This 26 unit, all brick, apt building has been with the same owner for the last 25 years! The property consists of 26 two bedroom apts with uniform floor plans. Current rents range from $1,075 (legacy tenants) to $1,350 (latest turn overs). Units should rent for $1,350+, as is, with just one turn over. Some updates include 2017 driveway/parking lot, 2016 new high efficiency boiler, 2023 new water softener, 2025 new water heater & stairwell carpet, 18 units have new flooring since 2020. $383K current annualized rent roll with clear path to $446K/year. Professionally managed (Prima) and operates efficiently at under $120K/year (2024) in operating expenses. Seller's property manager will be offering renewals for Jul & Aug shortly, so call today to control the future of this great property!
Highlights
HeatingRadiant, Electric, Natural Gas
StatusActive
BasementYes
Lot size0.917 Acres
Year built1955
Parking1 Space,Outside
MLS #2000706
Virtual tour
Summary
- Basement: Yes
- Parking: 1 Space,Outside
- Heating: Radiant, Electric, Natural Gas
- List Price: $3,900,000
- Annual Tax Amount: $40,722
- Tax Year: 2023
- Directions: East on East Gorham, Left on Sherman Ave, Right into Property
- Year Built: 1955
- Municipality: Madison
- Lot Size: 0.917 Acres
- MLS Number: 2000706
- MLS Name: WIREX_SCW
- Office Name: The Hub Realty
- Office Phone: (608) 556-4400
- Office Email: hello@thehubrealty.com
- Listing Agent: Ryan Schmitz
© 2025 WIREX - All Rights Reserved.
Information is supplied by seller and other third parties and has not been verified. All information deemed reliable but not guaranteed and should be independently verified. Information is supplied by seller and other third parties and has not been verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker nor this broker nor MLS shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/29/2025, 9:20:32 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$3,900,000
1923 Sherman Ave
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Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $2,176,300 | $40,722 |
| 2022 | $1,896,300 | $- |
History based on county public records data.
Nearby schools
3
Emerson Elementary School
Public District PK-5
0.7 mi
•2421 E Johnson St
7
Marquette Elementary School
Public District 3-5
1.0 mi
•1501 Jenifer St
4
Lowell Elementary School
Public District PK-5
1.4 mi
•401 Maple Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $39,643. Most Madison, WI residents have annual incomes less than $<35k. Residents typically live in single, no kids family. Typical level of education for residents in this area is post secondary degree.
How much money do the neighbors make?
45%
<35k
43%
35k-100k
10%
100k-200k
2%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
75%
Single, No Kids
11%
Single, with Kids
8%
Married, No Kids
6%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
11%
<11 yrs old
4%
12-17 yrs old
50%
18-34 yrs old
32%
35-64 yrs old
3%
65+ yrs old
What do the neighbors do for fun?
NBA/WNBA
Pro Wrestling
Soccer
Where do the neighbors shop?
Express/Express For Men
Burlington
Forever 21
Where do the neighbors go to eat?
Starbucks
Cicis Pizza
Dominos Pizza
What do the neighbors drive?
Pontiac
Mazda
Dodge
What do the neighbors listen to?
Urban Contemporary
Rhythmic Contemporary Hits
News
All data provided by Home Junction and Claritas
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Frequently asked questions
Living in Madison, WI
Madison's transport infrastructure is designed to accommodate a variety of transit options. Public transportation is available, with bus services connecting different parts of the city. The community is also bike-friendly, with numerous bike paths and lanes encouraging cycling as a mode of transport. Major roads and highways facilitate commuting in and out of the city, and ongoing projects aim to improve traffic flow and reduce congestion. While ride-sharing services are operational, the city also promotes alternative transportation methods to enhance sustainability.
The community is served by a comprehensive educational system, including a significant number of public and private schools that cater to various educational needs. Madison is home to several higher education institutions, which contribute to the city's dynamic atmosphere. Healthcare services are well-established, with multiple hospitals and clinics offering a range of specialized care. The city also boasts a network of public libraries and community centers that provide valuable resources to residents. Retail and dining options are plentiful, with an emphasis on local businesses that showcase the city's unique culture.
Madison is celebrated for its vibrant community spirit and picturesque setting between two lakes. The city prides itself on being a hub of education and culture, with numerous festivals and events throughout the year that reflect its diverse and inclusive population. The community's character is further enriched by its commitment to sustainability and a strong local food movement, which is evident in the numerous farmers' markets and community gardens scattered throughout the city.
Madison's housing market showcases a diverse array of options, with single-family homes being a significant presence. Architectural styles vary, offering modern, craftsman, and colonial homes that cater to a range of aesthetic preferences. The city's housing stock also includes a mix of apartments and condominiums, providing alternatives for those seeking a more urban living experience. While the majority of homes reflect construction booms in the late 20th century, new developments continue to add to the city's housing landscape. The homeownership rate in Madison is robust, with a healthy balance between owners and renters.
About 1923 Sherman Ave
The listing price of 1923 Sherman Ave property is $3,900,000.
The property 1923 Sherman Ave is a house located in Madison, Wisconsin, 53704.
Active Listing: 1923 Sherman Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 1923 Sherman Ave are: Emerson Elementary School (GreatSchools Rating 3/10), Marquette Elementary School (GreatSchools Rating 7/10), Lowell Elementary School (GreatSchools Rating 4/10), O'Keeffe Middle School (GreatSchools Rating 4/10), Sherman Middle School (GreatSchools Rating 3/10), Annie Greencrow Whitehorse Middle School (GreatSchools Rating 3/10), East High School (GreatSchools Rating 5/10), Capital High School (GreatSchools Rating 1/10), Innovative & Alternative High School (GreatSchools Rating 2/10).
According to the records, the last property tax for 2023 is $40,722 (source: MLS/based on county public records data).
The property at 1923 Sherman Ave has 0 bathroom.
The year of construction for 1923 Sherman Ave is 1955.
This home is located at 1923 Sherman Ave in Madison, WI and zip code 53704. Features: 0 bathroom. It has been listed on Rocket Homes since May 27, 2025 and is currently priced at $3,900,000.
In April 2025 more than 35 listings in Madison, WI were sold above the asking price. During the same period more than 16 listings were sold at asking price, while more than 21 were sold below. Between March and April 2025, Madison, WI real estate market has seen increase in the number of listings by 32%.
From Rocket Homes Real Estate and based on county public records data.