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.
Active
$1,149,000
515 North Pinckney Street, Madison, WI 53703
--beds
--baths
--sqft
Est.:
Multi Family, Apartment
Built in 1914
-- sqft lot
$1,128,500 Zestimate®
$--/sqft
$-- HOA
What's special
Thoughtfully designed layoutsOriginal hardwood floors
- 24 days |
- 2,028 |
- 33 |
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