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6-Unit Brick Apartment Building

402 Paunack Pl, Madison, WI 53726

For Sale
$1,149,900
Pending

A five-to-one mix of one-bedroom apartments and efficiency units is fully leased through 2027.

Property SizeContact for details
Days on Market38

Property Features for 402 Paunack Pl

General Information

Standard status Pending
Property subtype Multi-Family
Occupancy 100%

Site & Location

Neighborhood Regent Neighborhood Association

Units

Unit Mix 5 x 1-bedroom apartments, 1 x efficiency
Multifamily Units 6

Additional Details

Tenant in Place Yes

Amenities

hardwood floors

Building Details

Year Built 1942
Buildings 1
Construction brick
Listing Agency: MHB Real Estate
Listed By: Heather Taylor
Source: Madisonareahomelistings
Added: Oct 7 Changed: Nov 1 Last Checked: Nov 10 at 12:34PM

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 MHB Real Estate

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Investment Insights

Based on property information with market context.

This 1942 apartment building contains six rental units: five one-bedroom apartments and one efficiency. A brick exterior and hardwood floors in every unit define the property’s physical character. The building is fully rented through 2027.

Located at 402 Paunack Pl in Madison, the property is near UW–Madison and area hospitals. Its corner position places it within the neighborhood setting.

The roof dates to 2010, the windows were installed in 2002 and 2008, and a new boiler is listed for 2026.

Key Highlights

  • Six apartments: five one‑bedroom units and one efficiency
  • Fully rented through 2027
  • Brick exterior with hardwood floors in every unit

Property Analytics

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Lease Details

6
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

2,043
Businesses Nearby

Demographics for 53726, WI

5,286
Population
2,599
Households
2
Avg Household Size
27
Median Age
92%
College-Educated
100%
High-School Grad
0.6 sq mi
ZIP Area
8,810
Density / Sq Mi
$39,779
Median Household Income
$23,361
Median Earnings
$1,408
Median Rent
$600,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Properties on Market for Apartment buildings in Madison

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - A five-to-one mix of one-bedroom apartments and efficiency units is fully leased through 2027.
Where is this apartment building located?
The property is located at 402 Paunack Pl Madison, WI.
What is the asking price?
The asking price for this property is $1,149,900.
What are key features of this property?
This property features: Six apartments: five one‑bedroom units and one efficiency; Fully rented through 2027; Brick exterior with hardwood floors in every unit
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