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Petra Apartments
Asset ClassMultifamily
# Units63
% Leased: 100%# Buildings: 11Land: 4.57 AcresAccess Data Room
Madison Multifamily Portfolio Featuring Stable Cash Flow, Rent Growth Potential & Condo Optionality
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Overview

Petra Apartments offers investors the opportunity to acquire a well-maintained, 63-unit garden-style multifamily portfolio in Madison, Wisconsin. The property features an efficient mix of primarily two-bedroom units, stable in-place occupancy, and meaningful upside through continued rent growth, operational efficiencies, and strategic unit improvements. Located in the West Madison submarket, the asset benefits from strong renter demand, below-market vacancy, and convenient access to Downtown Madison, UW-Madison, the Beltline Highway, and major regional employment drivers.

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Investment Highlights

  • 63-unit, 11-building garden-style multifamily portfolio located in Madison’s established West Madison submarket.
  • 100% occupied unit mix with durable demand for attainable two- and three-bedroom rental housing.
  • In-place average lease rents remain below market rent assumptions, creating a clear path to future NOI growth.
  • Unique condominium ownership structure provides flexibility for long-term hold, selective unit sales, or alternative repositioning strategies.
  • Strong Madison market fundamentals supported by education, healthcare, government, and technology employment anchors.
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1121 Petra PlMadison, WI 53713
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