WI > Madison
Madison, WI 53703,515 N Pinckney Street
See all 13 photos
Madison, WI 53703,515 N Pinckney Street
Madison, WI 53703,515 N Pinckney Street
Madison, WI 53703,515 N Pinckney Street
Madison, WI 53703,515 N Pinckney Street
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
Wed
17
Sep
Thu
18
Sep
Fri
19
Sep
Alexander Dempsey

Alexander Dempsey

+1(715) 203-4704
Listed by Tim Flores • LPT Realty
$ 1,149,000
Est. payment /mo
Save
Active

515 N Pinckney Street Madison, WI 53703

4,356 Sqft Lot

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Municipality MADISON

MLS Listing ID 2008173

Year Built 1914

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

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

Exterior Feature Wood, Brick, Stucco

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

New Construction N

Schools

Elementary Schools Lapham/Marquette

Middle Schools Okeeffe

High Schools East

School District Madison

Others

Acceptable Financing Exchange

Listing Terms Exchange

Copyright 2025 WIREX - All Rights Reserved

GET MORE INFORMATION

Name*
Phone*
Message
I agree by electronic signature to the Electronic Disclosure Consent; to receive recurring marketing communication from or on behalf of eXp Realty, including auto-dialed calls, texts, and artificial/prerecorded voice messages (consent not required to make a purchase; data rates may apply; reply “STOP” to opt-out of texts or ‘HELP” for help); and to the Terms of Service and Privacy Policy of this website. I understand that I can call to obtain direct assistance.

Tour this Property

515 N Pinckney Street

Alexander Dempsey

Alexander Dempsey

Owner, northernwi.realestate, LLC

+1(715) 203-4704

More Information

Name
Phone*
Message
I agree by electronic signature to the Electronic Disclosure Consent; to receive recurring marketing communication from or on behalf of eXp Realty, including auto-dialed calls, texts, and artificial/prerecorded voice messages (consent not required to make a purchase; data rates may apply; reply “STOP” to opt-out of texts or ‘HELP” for help); and to the Terms of Service and Privacy Policy of this website. I understand that I can call to obtain direct assistance.
};