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16-Unit Apartment Buildings
New
For Sale
$2,300,000

1049 & 1057 Mckenna Blvd, Madison, WI 53719

Every residence has a one-bedroom layout, with tenants paying for heat and electricity.

Property SizeContact for details
Days on Market4

Property Features for 1049 & 1057 Mckenna Blvd

General Information

Standard status Active
Total Parking Spaces 12
Property subtype Multi-Family

Units

Unit Mix 16 x 1BR
Multifamily Units 16

Additional Details

Gross Income $235,312

Building Details

Year Built 1988
Buildings 2
Listed By: Briggs Realty Group
Source: Thebriggsrealtygroup
Added: Oct 7 Changed: Oct 10 Last Checked: Oct 9 at 7:25PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Briggs Realty Group

Investment Insights

Based on property information with market context.

This offering comprises two neighboring apartment buildings with 16 one-bedroom units in total and 12 attached garage stalls. Built in 1988, the properties are condominiumized, with all units under single ownership, and are being offered together as conventional apartment buildings.

The buildings are on the west side of Madison and fall within the Middleton School District. Tenants cover heat and electric service; water and sewer are paid by the landlord.

Key Highlights

  • Two apartment buildings with 16 one‑bedroom units total
  • 12 attached garage stalls
  • Built in 1988

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm HVAC Service Parking Lot & Garage Bakery Dental Office Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

16
Residential units

Location Intelligence

Trade Area within ½ mile

380
Businesses Nearby

Demographics for 53719, WI

32,151
Population
16,160
Households
2
Avg Household Size
35
Median Age
61%
College-Educated
96%
High-School Grad
10.2 sq mi
ZIP Area
3,152
Density / Sq Mi
$92,223
Median Household Income
$59,334
Median Earnings
$1,429
Median Rent
$349,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Every residence has a one-bedroom layout, with tenants paying for heat and electricity.
Where is this apartment building located?
The property is located at 1049 & 1057 Mckenna Blvd Madison, WI.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: Two apartment buildings with 16 one‑bedroom units total; 12 attached garage stalls; Built in 1988
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