515 N Pinckney Street, Madison, WI 53703

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

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:1 day(s) ago
  • Updated:September 06, 2025 at 02:54 PM

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)
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