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Greater Madison Area Listings



Greenway Terrace

Units: 16

Greenway Terrace is a 16-unit apartment building on 0.74 acres of land in Fitchburg, Wisconsin. Built circa 1974, the building is comprised of 8 One Bedroom and 8 Two Bedroom units. Located directly across from the Park Bank Corporate Headquarters, the site is easily accessible from the W. Beltline Highway and Fish Hatchery Road interchange. Greenway Terrace offers investors a stable rental property in a central Madison area location priced substantially below replacement cost with potential annual cash returns of 8% and total returns of 14%



Pinckney-Dayton Properties


Units: 57

Pinckney-Dayton Properties are a fine ensemble of thirteen multifamily rental properties located in three prime Isthmus neighborhoods. The total package includes 125 bedrooms, 17 parking stalls, and 8 detached garages. The 9 adjacent buildings are located one block from Capitol Square on N. Pinckney and E. Dayton Streets and are comprised of 68 bedrooms and 19 private rooms. 627 Mendota Court is in the heart of UW-Madison's housing market, one block from Langdon Street, Memorial Union, Memorial Library and State Street and features 8 3-bedrooms, six of which have been fully remodeled. The Rutledge/Thornton buildings are located across the street from the Yahara river, less than one block from Lake Monona. The property consists of three adjacent buildings comprised of eight 2-bedroom apartments with 8 detached garages. This exclusive package is an exceptional opportunity to acquire signature multifamily assets in prime Isthmus locations. Substantially, all units are rented to August 2023. Priced at 9.9 times gross annual income, this package is offered at an attractive entry point as comparable Isthmus properties have recently sold for 11.5 to 14 times gross annual income. These properties offer investors tax-advantaged cash flow, long-term appreciation and the opportunity to re-sell select buildings to the retail market at an immediate profit.



Sunfield Townhomes


Units: 24

Located in Sun Prairie, Wisconsin, Sunfield Townhomes was built in 1980 with 4 two-story buildings including private basements and private patios. Each unit contains one and 1/2 baths, modern kitchens, in-unit laundry hook-ups and resident-paid utilities. This is an opportunity to acquire townhomes with significant rent upside in the fastest growing Dane County suburb. With rents $120 below market, Sunfield offers immediate 8%+ leveraged cash-on-cash returns with total returns at market rent in excess of 17%.



Talon Place


Units: 12

Talon Place is in Sun Prairie, Wisconsin and is comprised of 3 four-unit buildings built in 1994 and 2001 on 1.67 acres of land. The property provides residents with fully equipped modern kitchens, in-unit laundry and attached garages in Dane County's fastest growing suburb. With rapid local wage/income growth and strong housing demand, Talon Place offers immediate 6.5% leveraged cash-on-cash returns and total annualized returns of 16%+ at market rent.



Arbor Arms

Units: 34

Arbor Arms is a 34-unit apartment property built in 1968 on 1.63 acres of land just south of the W. Beltline – Todd Drive interchange on the west side of Madison. The property is comprised of one 2-story building with a mix of one, two and three bedroom units. Recent improvements include unit flooring, lighting and other interior upgrades over the last 5 to 10 years. Arbor Arms offers affordable rents in a high-cost area and thus is competitively positioned for rent growth and strong occupancy in an area of sustained commercial development and employment growth. At a price of less than 9 times’ gross income, Arbor Arms is projected to generate average annual leveraged cash return of 8%, and pre-tax annualized total returns in excess of 16%.

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Williamstown Bay East 


Units: 26

Williamstown Bay East is a 26-unit older-adult property located just east of Stoughton Road in Madison. The property is comprised of 22 one-bedroom and 4 two-bedroom units.  Williamstown Bay East was developed under the Section 42 tax credit program but is now operated as market-rate housing and is offered to investors on a ‘free and clear’ basis. Current in-place average rents fall below the 50% county median income (CMI) levels in Dane County, providing considerable rent upside. The subject property is a stable, turnkey senior building offered at an 8.4 gross multiple and priced below 60% of replacement cost.

University Ave/Kendall Ave


University & Kendall Avenue
Units: 20

University and Kendall is comprised of 5 buildings with 20 total units located on the 2000 block of Old University Avenue in the heart of the west UW Campus. The apartments are spacious and loaded with character such as wood floors, built-in cabinetry, large windows, arched doorways, and more. The property features abundant on-site parking (almost one space/bedroom). Rare opportunity to purchase prime rental housing on University Avenue!



Executive East
Units: 30

Executive East is a 30-Unit apartment building built in 1966 on 0.68 acres of land in Monona, Wisconsin. The property is comprised of one 2-story building with thirty (30) 1-bedroom apartments and an estimated 18,300 rentable square feet. Recent improvements include new exterior and interior LED lighting, resealed and striped parking lot, extensive drainage improvements, updated apartment interiors (in most units), and extensive replacement of original building plumbing.

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Burma 24
Units: 24

Burma 24 Apartments is comprised of three adjacent 8-unit brick apartment buildings. All apartments are two bedroom corner units with an open kitchen concept and bedrooms featuring hardwood floors. Updates include 6-8 units that have been renovated with kitchen and bathroom upgrades, all roofs replaced in 2006 and windows replaced in 1999. The property is conveniently located within 5 minutes of the Beltline Highway.

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Nakoma Heights
Units: 144

Nakoma Heights is a 144-unit property in the city of Fitchburg with in-place rents that are far below the market and the allowable maximum levels. Landlord pays heat, hot water, and water/sewer. The building was built in 1969 (renovated in 2002/2008) and features a community clubhouse, outdoor pool, and separate office and ample outdoor parking.



Heather Downs
Units: 128

Heather Downs is an apartment property built between 1980 and 1997 and located on Madison’s west side between Exact Sciences and Epic Systems headquarters. The property is comprised of 15 apartment buildings totaling 128 units. There are 24 efficiency, 36 one bedroom and 68 two bedroom units, including 12 two-bedroom duplex units. Units feature a private balcony or patio, dishwashers, garbage disposals, fireplaces, and 52 units include an in-unit washer and dryer. Tenants pay electric, heat, A/C.

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Haven Park

Units: 24

Haven Park is a 24-unit apartment property located just southwest of the W Beltline – Fish Hatchery Rd. interchange in west central Madison. The property is comprised of 1 bedroom/1 bath units featuring desirable front-to-back open floor plans, spacious kitchens with dishwashers and a window, and resident controlled heat and air conditioning. The building has attached garages and on-site laundry.

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Bristol Arms
Units: 49

Bristol Arms is a 49-unit apartment building just south of the W. Beltline-Todd Drive interchange in west central Madison. The property is comprised of a mix of one and two-bedroom units (some with in-unit washers and dryers). Other property features include an intercom access system, large fitness room, and private resident storage areas. Long-time owner has meticulously maintained the building.



Prairie Park
Units: 96

Prairie Park is a signature, older-adult tax credit property with a superior occupancy history in a prime location on Madison’s affluent west side. The building offers a business, activity and fitness center. The property offers a variety of floor plans, and each unit features an in-unit washer/dryer, central heat and air conditioning, an open-kitchen concept complete with a full appliance package, a patio or balcony and large bedrooms and bathrooms. With the growing demographic of senior renters, the property is poised for future rent growth.  Current in-place 
monthly rents are $7,400 below current maximum allowable tax credit rent levels.  The Property is offered subject to a Land Use Restriction Agreement (LURA) that expires on December 31, 2032.



Units: 50

Mayfair is 50-Unit apartment property built in 1965 on Select units have refurbished countertops.  Building is walking distance to Brigham park. On-site parking is provided to residents and is included in the rent. Recent improvements include new roof on one Building (2009), new water softeners (2015), new water heaters (2014/2013), parking lot resurfacing and new storm drain and basin (2008), and new hallway carpets (2013 and 2014).



Abbey Hill

Units: 64

Abbey Hill is a 64-unit apartment community developed in 1974 on 3 acres of land located just off the W. Beltline/Fish Hatchery interchange in the city of Fitchburg (Madison). The unit mix is comprised of One- and Two-Bedroom units in four 16-Unit buildings. Abbey Hill offers affordable rents in a high-cost area and is competitively positioned for rent growth and strong occupancy in an area of sustained commercial development and employment growth. The offering price has been reduced to $4,950,000 and is just 7.4X’s gross scheduled income. Abbey Hill is projected to generate leveraged cash returns of 10% per annum and tax-advantaged annual total returns of 20% to 24% per year.



Units: 10

Tuckaway is a turnkey, best-in-class property featuring 10 spacious apartment homes in Stoughton, Wisconsin. Tenants pay heat.  Recent updates include a new roof.  Amenities include in-unit W/D, attached garages, and central heat and A/C.  With an 
average unit size of 1,146 SF, the rents are a tremendous overall value at an average of $0.78 / SF.

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Chalet Gardens
Units: 99

Chalet Gardens is 99-Unit apartment community built include an on-site office, a large community room with fire place and elevator in the 35-Unit “Chalet” building, private resident storage, grilling areas and a park-like setting with mature trees of a variety of species. The occupancy has averaged in excess of 97% over the past 3 years. Recent improvements have been made to many of the roofs, boilers, water heaters, windows, flooring, and appliances.



Hanover Square
Units: 65

Hanover Square is a 65-unit apartment community developed in 2001-2002 on roughly 4.17 acres of land on the east side of Madison, Wisconsin.  The property is comprised of one 3-story building with 33 units and underground parking (2461 Old Camden Square), and three townhouse-style buildings totaling 32 units, each equipped with a private attached garage. The unit mix is spread across one, two, and three bedroom floor plans. Apartment occupancy has been an exemplary 98.5% since 2012.

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Brighton Square
Units: 122

Brighton Square is a 122-unit apartment community located across from Novation Campus, a $100 million office development. The property features extensive improvements and updates such as renovated kitchens and newer roofs. Brighton Square offers investors the opportunity to purchase a highly-visible property at well below replacement cost.

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West Lake Cove

Units: 19

West Lake Cove is a 19 unit apartment built in 1968 in the heart of Middleton Wisconsin, just west of lake Mendota.  This property features low-maintenance brick exterior, a new roof in 2014, and very low sub-market vacancy.

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Orchard Village
Units: 90

Orchard Village is a 90-unit property developed in 1986 in Madison. The property is comprised of nine 10-unit buildings with underground and outdoor parking. There are 90 two-bedroom units appliances and in-unit washer and dryer. Orchard Village offers an exceptional rental value to renters in the West Side Madison apartment market.

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Karstens Apartments
Units: 24

Karstens Apartments is a 24-unit property located in Madison. Built in 1969, Karstens Apartments consists of three brick and vinyl buildings with attractive floor plans, featuring eat-in kitchens and large patios/balconies.

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Brittney Woods
Units: 12

Three 4-Unit apartment buildings built circa 1994 and located at the corner of Siggelkow and Terminal are two bedroom one bath corner units, featuring central heat and air and attached private garages. Offered for sale by the original owner developer and represents a rare opportunity for investors to purchase high-quality rental investment property in McFarland.



Taylor Ridge
Units: 66

Cottage Grove, Wisconsin.  The property is comprised of one three-story with underground parking.  The Property enjoys a quiet wooded developments within close proximity, including a 
new Copp’s grocery store and Great Dane Brewery. The Subject Property is a well-maintained property sold by a long-term non-profit Owner with an excellent occupancy history in a safe and 
affluent Dane County east side rental community.

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E. Gorham St.
Units: 10

912 & 916 East Gorham Street are two apartment buildings located on the Isthmus in the heart of downtown Madison’s residential rental district. One Bedroom, Two Bedroom and Three Bedroom floor plans, each with distinctive finishes such as 
hardwood floors and built-in cabinetry that enhance rental appeal.  An owner-operator can expect low vacancy, steadily increasing rents and long-term redevelopment potential.



Uptown Apartments
Units: 12

Uptown Apartments consist of 12 units comprised of 1s, 2s and 3s with unique floor plans located in the heart of downtown Madison’s thriving residential student district.  The property features 4 off-street parking stalls, newer roofs and new water heaters.  Well-maintained with a superb occupancy history, 
Uptown Apartments offers investors a superb opportunity to purchase a prime rental property in the one of the strongest rental sub-markets in the state.

Featured Closings




96-unit Apartment

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144-unit Apartment




30-unit Apartment




64-unit Apartment

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