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Downtown Madison Multifamily Homes & Duplexes for Sale

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    $1,149,000

    • 1,995 Sq Ft

    515 N Pinckney St, Madison, WI 53703

    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

    Timothy Flores LPT Realty

    515 N Pinckney St, Madison, WI 53703
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    $725,000

    111 E Gilman St Unit 3, Madison, WI 53703

    Fantastic investment opportunity in the heart of Madison! This charming brick three-unit rental building is perfectly located in one of the city’s most desirable & high-demand neighborhoods. The property features a mix of units—one spacious two-bedroom, one one-bedroom, & one studio—offering versatility and broad appeal to renters. Currently, the two-bedroom & studio units are tenant-occupied,

    John Schneider EXIT Realty HGM

    111 E Gilman St Unit 3, Madison, WI 53703

Why Live in Downtown Madison

Downtown Madison, nestled between Lake Mendota and Lake Monona, is the cultural hub of Wisconsin's capital. The neighborhood is in close proximity to the University of Wisconsin-Madison, the state's largest college, making it a vibrant area for students, families, and professionals. The area boasts a diverse mix of shops, restaurants, bars, and live entertainment venues, with many destinations accessible by bike or on foot. State Street, a key retail corridor, features over 300 shopping options, including major retailers and local favorites. Dining options range from Paul’s Pel’meni for Russian dumplings to Sookie’s Veggie Burgers and Rare Steakhouse. Coffee enthusiasts can visit Colectivo Coffee, while cheese lovers can explore Fromagination. Housing in Downtown Madison includes turn-of-the-century homes converted into multi-family units, condo towers, and townhomes, with a significant portion of the population renting. Residents enjoy a variety of live shows at venues like the Orpheum Theater and the Overture Center, and a lively bar scene with spots like Wando’s and Great Dane Pub & Brewing. Outdoor activities are plentiful, with parks such as Alumni Park and James Madison Park offering green spaces and recreational opportunities. The neighborhood is safer than the national average, and transportation is convenient with US-151 and the Metro Transit system. Nearby schools, including Randall Elementary, Hamilton Middle, and West High School, are highly rated. The nearest hospital, UnityPoint Health – Meriter Hospital, is less than 1 mile away, and Dane County Regional Airport is 5 miles northeast.

Home Trends in Downtown Madison, WI

Housing Trends

Median Sale Price
$497,248
Median Single Family Sale Price
$455,000
Median 2 Bedroom Sale Price
$513,312
Median 1 Bedroom Sale Price
$345,000
Average Price Per Sq Ft
$435
Number of Homes for Sale
19
Last 12 months Home Sales
90
Months of Supply
2.50
Median List Price
$480,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-6%
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