Active
  • $1,149,000

    515 North Pinckney Street, Madison, WI 53703

    --beds
    --baths
    --sqft
    : 
    Multi Family, Apartment
    Built in 1914
    -- sqft lot
    $1,128,500 Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Thoughtfully designed layoutsOriginal hardwood floors
    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.
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