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Executive Summary

Madison Wisconsin area Multifamily for Sale
BESA — New Construction Mixed-Use | Receivership Sale | Offers Due August 18
6501 Bridge Road, Monona, WI 53713 | ±73,000 SF | 29 Apartments + 16 Live/Work Condominiums
Besa Monona is a rare opportunity to acquire a brand-new, four-story mixed-use development in the heart of Monona — offered for sale through receivership, with offers due August 18th.
Completed in 2025–2026, the property combines bold brick-and-metal contemporary architecture with approximately 73,000 square feet of total building area above a secure underground parking garage. The offering includes:
29 apartment residences — studios through two-bedroom units ranging from ±400 to 1,200 SF, substantially complete with only minor finishing work remaining. Projected gross annual apartment income of $603,780 (average $2.26/SF/month, broker's opinion), giving a buyer immediate lease-up upside in a market starved for new rental product.
16 live/work condominiums — flexible units from 906 to 2,530 SF, delivered in ready-to-finish condition with finish packages available (estimated $50,000–$120,000 per unit to complete, broker's opinion). Sell individually at retail, hold as rentals, or a blend of both.
An established commercial anchor — the street-level commercial condominium is owned and occupied by Affiliated Dentists, open and operating since September 2025, anchoring the building with daytime activity and a proven professional co-owner.
±55 secure garage parking stalls with additional street parking
Located minutes from Lake Monona, Wisconsin Capital, downtown Madison, and major commuter routes, Besa Monona offers a buyer the chance to step into a finished, high-quality asset at a basis unavailable to ground-up developers — with multiple exit strategies from day one.
Offers due August 18th. For the offering package or to schedule a tour, contact Michael Barrett, NAI Madison — (608) 558-0663 — michael.barrett@naimadison.com.
All information deemed reliable but not guaranteed. All pricing, rental rates, and financial projections are broker's opinion of value. Square footages, pricing, and availability subject to change without notice.

Respectfully,
Michael Barrett
NAI Madison
Vice President of Investment Sales
Cell: 608-558-0663
Email: michael.barrett@naimadison.com

Property Facts

Sale Type Investment
Sale Condition REO Sale
No. Units 45
Property Type Multifamily
Property Subtype Apartment
Apartment Style Mid-Rise
Building Class B
Lot Size 0.94 AC
Construction Status Under Construction
Building Size 73,000 SF
No. Stories 4
Year Built 2026
Parking Ratio 1.03/1,000 SF
Opportunity Zone Yes
Zoning MU - Mixed Use

Amenities

Unit Amenities

  • Air Conditioning
  • Kitchen
  • Refrigerator
  • Oven
  • Sprinkler System
  • Tub/Shower

Site Amenities

  • Controlled Access
  • Bicycle Storage
  • Car Charging Station
  • Public Transportation
  • Green Community
  • Fiber Optic Internet
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
60/100

Property Taxes

Property Taxes

Parcel Number
0710-292-2234-7
Land Assessment
$319,640 CAD
Improvements Assessment
$3,044,992 CAD
Total Assessment
$3,364,632 CAD
  • Listing ID: 41299912

  • Date on Market: 2026-07-15

  • Last Updated:

  • Address: 6501 Bridge Rd, Monona, WI 53713

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