515 N Pinckney Street, Madison, WI 53703

Local realty services provided by:ERA MyPro 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.

Contact an agent

contact an agent

Yes, I would like more information from ERA®. Please use and/or share my information with an ERA affiliated agent to contact me about my real estate needs. By clicking Send message, I agree an ERA affiliated agent may contact me by phone or text message including by automated means about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1914
  • Listing ID #:2008173
  • Added:10 day(s) ago
  • Updated:September 07, 2025 at 03:12 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)
The information being provided by Wisconsin Real Estate Exchange is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is supplied by seller and other third parties and has not been verified. 2025 Wisconsin Real Estate Exchange All rights reserved.

New listings near 515 N Pinckney Street