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Property view

515 N Pinckney Street, 
Madison, WI 53703

$1,070,000


Bed


Bath


-

Sq Ft


Multi-Family

Sold

Listed by

Tim Flores

Chris Martinez

Lpt Realty

MLS#

2008173

Source:

WI WIREX SCW

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About This Home

515 N Pinckney Street

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.

Home Facts

Multi-Family

Built in 1914

Price Summary

1,149,000

MLS #:

2008173

Sold:

November 5, 2025


Structure

Structure

Year Built:

1914


Lot

Lot Size (Sq. Ft):

4,356


Finances & Disclosures

Finances

Price:

$1,149,000

Source:WI WIREX SCW
2026 Wisconsin Real Estate Exchange (WIREX) Information deemed reliable, but not guaranteed. This information, provided by seller, listing broker, and other parties, may not have been verified. Information is provided exclusively for consumers personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.