515 N Pinckney Street, Madison, WI 53703

Local realty services provided by:Better Homes and Gardens Real Estate Special Properties
515 N Pinckney Street,Madison, WI 53703
$1,149,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Pending
Listed by:tim flores
Office:lpt realty
MLS#:2008173
Source:WI_WIREX_SCW

Price summary

  • Price:$1,149,000

About this home

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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Home facts

  • Year built:1914
  • Listing ID #:2008173
  • Added:40 day(s) ago
  • Updated:October 16, 2025 at 10:27 AM

Heating and cooling

  • Heating:Natural Gas, Radiant/Electric

Structure and exterior

  • Year built:1914
  • Lot area:0.1 Acres

Schools

  • High school:East
  • Middle school:Okeeffe
  • Elementary school:Lapham/Marquette

Utilities

  • Water:Municipal Water
  • Sewer:Municipal Sewer

Finances and disclosures

  • Price:$1,149,000
  • Tax amount:$16,168 (2024)
2025 Wisconsin Real Estate Exchange (WIREX) Information deemed reliable, but not guaranteed. This information, provided by seller, listing broker, and other parties, may not have been verified. Information is provided exclusively for consumers personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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