WI > Madison
Madison, WI 53703,515 N Pinckney Street
Madison, WI 53703,515 N Pinckney Street
Madison, WI 53703,515 N Pinckney Street
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Listed by Tim Flores • LPT Realty
$1,149,000
Est. payment /mo
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4,356 Sqft Lot
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515 N Pinckney Street Madison, WI 53703

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O'Connor Realty Group

O'Connor Realty Group

+1(715) 823-5144

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Municipality MADISON

MLS Listing ID 2008173

Year Built 1914

Building Age 21+ Years

Annual Tax Amount $16,168

Tax Year 2024

Lot Size 4,356 Sqft

Acres 0.1

Property 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.

Location

State WI

County Dane

Zoning DR1 HIS-MH

Direction E. Gorham St. to Norht (rt.) on N. Pinckney toward Lake Mendota

Rooms

Basement Full, Walk Out/Outer Door, Finished, Poured Concrete

Interior

Interior Features Water Softener

Heating Natural Gas

Cooling Radiant/Electric

Inclusions 7 refrigerators; 7 stoves; 1 washing machine; 1 dryer

Exterior

Parking Features 1 Car, Detached

Garage Spaces 1.0

Waterfront Description Waterview-No frontage

Building

Dwelling Type Apartment Building,3+ Story

Story 3 - 4

Sewer Municipal Water, Municipal Sewer

Structure Type Wood,Brick,Stucco

New Construction N

Schools

Elementary Schools Lapham/Marquette

Middle Schools Okeeffe

High Schools East

School District Madison

Others

Acceptable Financing Exchange

Listing Terms Exchange

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O'Connor Realty Group

O'Connor Realty Group

Business | License ID: 31657-91

+1(715) 823-5144

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