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$1,070,000

  • Sold
  • Closed
  • Apartment
  • 1 Car Garage
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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.

Full Property Details for 515 N Pinckney St

General

  • Sold For: $1,070,000
  • Taxes: $16,168 (2024)
  • Status: Closed
  • Type: Apartment
  • Source: Wirex_South_Central_Wisconsin_MLS_Corporation_SCW
  • MLS ID: 2008173
  • Added to Site: 133 day(s) ago

Interior

  • Interior Features: Water Softener

Parking

  • Garage: Yes
  • Garage Spaces: 1
  • Parking Features: Outside
  • Garage Description: 1 Car, Detached

Location

  • Municipality: Madison
  • County: Dane
  • Driving Directions: E. Gorham St. to Norht (rt.) on N. Pinckney toward Lake Mendota

School Information

  • School District: Madison
  • Elementary School: Lapham/Marquette
  • Middle School: Okeeffe
  • High School: East

Heating & Cooling

  • Heating Fuel: Natural Gas
  • Heating/Cooling: Radiant/Electric

Utilities

  • Water/Sewer: Municipal Water, Municipal Sewer

Structural Information

  • Description/Design: Apartment Building, 3 or More Stories
  • Exterior Const.: Wood, Brick, Stucco
  • Basement Desc.: Full, Walk-Out/Outer Door, Finished, Poured Concrete
  • Year Built: 1914

Unit Information

  • Units in Building: 7

Unit 1

  • Square Feet: 360

Unit 2

  • Square Feet: 625
  • Bedrooms: 1

Unit 3

  • Bedrooms: 1

Unit 4

  • Bedrooms: 1

Lot Features

  • Lot Size Source: Owner
  • Zoning: DR1 HIS-MH

Water Features

  • Water Front Desc.: Water View (No Frontage)

Financial Considerations

  • Tax Amount: $16,168
  • Tax Year: 2024
  • Terms: Exchange

Disclosures and Reports

  • Exclusions: Tenants' personal property.
  • Inclusions: 7 refrigerators; 7 stoves; 1 washing machine; 1 dryer

Listed by LPT Realty
Sold by Weichert, Realtors- Lakepoint

Listing agents

— 515 N Pinckney St —

  • LPT Realty

  • LPT Realty

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NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 515 N Pinckney St

School District:Madison Metropolitan School District
NameGradesDistance
Lapham Elementary School
1045 East Dayton Street, Madison, WI 53703
PK-20.9 mi
O'keeffe Middle School
510 South Thornton Avenue, Madison, WI 53703
6-81.6 mi
East High School, Madison, WI
2222 East Washington Avenue, Madison, WI 53704
9-122.1 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 515 N Pinckney St

Date
Details
Price
Change
Source
11/05/2025
Sold
$1,070,000
-6.88%
MLS
9/05/2025
Listed
$1,149,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by LPT Realty
Sold by Weichert, Realtors- Lakepoint

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515 N Pinckney Street, Madison, WI 53703 (MLS# 2008173) is a Apartment property that was sold at $1,070,000 on November 05, 2025. Want to learn more about 515 N Pinckney Street? Do you have questions about finding other Apartment real estate for sale in Madison? You can browse all Madison real estate or contact a Coldwell Banker agent to request more information.