THE DOWLING

11 Units

Madison, WI

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The Dowling is an immaculate 11-unit apartment building with character and charm located in the heart of downtown Madison with views of Lake Monona, just blocks from the Capitol Square in the highly desirable Bassett Neighborhood. Built in 1922, the landmark property sits on 15,995 square feet of land between West Washington Avenue and Lake Monona and features a well-preserved brick exterior, hardwood flooring, and architectural character throughout. There is 1 Studio, 8 One Bedrooms, 1 Two Bedroom and 1 Three Bedroom apartment, along with 12 off-street parking spaces for additional revenue. Property amenities include a refurbished laundry room with new equipment, on-site office, exercise area, outdoor grilling area and three-season recreation area. Major capital improvements totaling over $215,000 include extensive masonry restoration completed between 2019 and 2025, roof and parapet replacement in 2020, new laundry equipment in 2022, and electrical and plumbing updates in 2025. The Dowling is a prime Madison location overlooking Brittingham Park, offering residents access to tennis and pickleball courts, a dog park, and beach lakefront including canoe and stand-up paddle board rentals in the summer. The property presents a turnkey, pride of ownership investment opportunity in an A+ isthmus location with future rent upside due to the lake views and overall amenity package.