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About the Listing 24097 - 29396,189420
Exceptional investment opportunity in Madison’s coveted Mansion Hill. This 7-unit apartment building features original hardwood floors, balconies, and thoughtfully designed layouts. Located steps from UW-Madison, the State Capitol, and Lake Mendota, it offers strong tenant demand and low vacancies in a high-growth rental market. Current below-market rents offer immediate cash flow with significant upside through strategic adjustments. Further value-add potential includes monetizing the detached garage for parking/storage. With robust 10% annual rent growth and limited supply of historic properties, this asset promises stable returns and long-term appreciation. Fully leased through July 2026 with $112k annual gross income.
Listing Highlights for 515 N Pinckney St
Status
Active
Days on Site
3
Property Type
Multi-Family
MLS ®
2008173
Year Built
1914
Total Square Footage
0
Lot/Acreage
0.1
County
Dane
Area
MADISON - C W01
School District
Madison
Elementary School
Lapham/Marquette
Middle School
OKeeffe
High School
East
Interior Details
- Bedrooms: 3
- Bathrooms: 4 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Full,Walkout to yard,Finished,Poured concrete foundatn
- Other: Eat-in kitchen,Balcony/patio,Range/oven,Refrigerator,Wood or sim. wood floor
- Water:
Exterior Details
- Garage Capacity: N/A
- Zoning: DR1 HIS-MH
- Roof:
- Others: Wood,Brick,Stucco
- Sewer: Municipal water, Municipal sewer
Financial Details
- Tax Amount: $16,168
- Taxes w/Assessments: N/A
- Tax/Property ID: 0709-144-0207-2
- Tax Year: 2024
Payment Calculator
Monthly Payment
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Listing Location
Questions About..
515 N Pinckney St Madison, WI 53703
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