515 North Pinckney Street Madison, WI 53703
Listing Courtesy of: SOUTH CENTRAL WISCONSIN / Lpt Realty

  515 North Pinckney Street Madison, WI 53703

Active
$1,149,000
3
BED
4
BATH
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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.

MLS #:
2008173
Taxes
$16,168(2024)
Lot Size
4,356 SQFT
Type
Multifamily
Year Built
1914
Style
Apartment Building, 3+ Story
Views
Waterview-No Frontage
School District
Madison
County
Dane County

Listed By

Tim Flores, Lpt Realty
Source
SOUTH CENTRAL WISCONSIN
Last checked Sep 30 2025 at 6:48 PM CDT
Bathroom Details
  • Full Bathrooms: 4
Interior Features
  • Interior Amenities : Water Softener
  • Exclusions : Tenants' Personal Property.
  • Inclusions : 7 Refrigerators; 7 Stoves; 1 Washing Machine; 1 Dryer
Property Features
  • Foundation: Poured Concrete
Heating and Cooling
  • Radiant/Electric
Basement Information
  • Full
  • Finished
  • Walk Out/Outer Door
Exterior Features
  • Brick
  • Wood
  • Stucco
Utility Information
  • Sewer: Municipal Water, Municipal Sewer
  • Fuel: Natural Gas
School Information
  • Elementary School: Lapham/Marquette
  • Middle School: Okeeffe
  • High School: East
Garage
  • Detached
  • 1 Car
Location
Map View | Street View
   
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