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Aaron Weber Group / Compass
515 N Pinckney St, Madison, WI 53703
- $1,070,000
Courtesy of Tim Flores with LPT Realty. 877-366-2213
Selling Office: Weichert, Realtors- Lakepoint.- Sold Price
- $1,070,000
- List Price
- $1,149,000
- Closing Date
- Nov 05, 2025
- Status
- CLOSED
- MLS#
- 2008173
- Acres
- 0.10
- Year Built
- 1914
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.
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Additional Information
- Architecture
- Apartment
- Style
- Apartment
- Garage Description
- Detached, Other
- School District
- Madison
- Elementary School
- Lapham/Marquette
- Middle School
- OKeeffe
- High School
- East
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This information, provided by seller, listing broker, and other parties, may not have been verified. Copyright 2026 South Central Wisconsin MLS Corporation. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify perspective properties consumers may be interested in purchasing.