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USAWIMadison515 N Pinckney St
515 N Pinckney St, Home with 0 bedrooms, 0 bathrooms and null parking in MADISON WI | Image 1
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$1,149,000

515 N Pinckney St, Madison, WI

Real Estate

For Sale

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  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size -
Garage Yes
Taxes $16,168
Days Active 1
Lot Size 
Approx. Age 1914
MLS® Number 2008173

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

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.Show Description
MLS® Number2008173
Laundry Level
Central VacNo
FireplaceNo
Acreage0.1
Exterior
GarageYes
Approx. Age1914
BasementFull, Walk Out/Outer Door, Finished, Poured Concrete
Driveway1 Car, Detached, Outside
Garage Spaces
HeatRadiant/Electric
A/C
Heating Fuel

Extras

7 refrigerators; 7 stoves; 1 washing machine; 1 dryer

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