$1,070,000
$1,149,000
6.9%For more information regarding the value of a property, please contact us for a free consultation.
4,356 Sqft Lot
SOLD DATE : 11/05/2025
Key Details
Sold Price $1,070,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 2008173
Sold Date 11/05/25
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
Exterior
Exterior Feature Wood, Brick, Stucco
Parking Features 1 Car, Detached
Garage Spaces 1.0
Building
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
Special Listing Condition Arms Length
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Bought with Weichert, Realtors- Lakepoint
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