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Listed by Apartment Cash Flow, Inc.
$650,000
4 Beds
4 Baths
3,200 SqFt
New
309-313 W Milwaukee Street Janesville, WI 53548-3642
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Key Details
Property Type Multi-Family
Sub Type Apartment building
Listing Status Active
Purchase Type For Rent
Square Footage 3,200 sqft
MLS Listing ID 2022089
Bedrooms 4
Full Baths 4
Year Built 1900
Annual Tax Amount $4,279
Tax Year 2025
Lot Size 3,310 Sqft
Acres 0.076
Property Sub-Type Apartment building
Property Description
7-unit mixed-use investment property in the heart of downtown Janesville. Four 1BD/1BA apartments and three street-level retail storefronts totaling 6,400 SF. Listed at $650,000 with a 7.14% current cap rate and 9.94% proforma cap rate. Two retail units leased through April 2027, one storefront delivered vacant at closing. Residential rents running significantly below market with strong value-add upside. 2025 property taxes just $4,280. Roof re-siliconed within past five years. Full offering memorandum available.
Location
State WI
County Rock
Area Janesville - C
Zoning B-5
Direction From I-90/39, take Exit 171B toward Janesville. Head west on W Milwaukee St. Property is located on the right between S Jackson St and S Parker Dr in
Rooms
Basement Full, Unfinished
Interior
Heating Other
Heat Source Other
Exterior
Parking Features Outside
Building
Water Municipal water
Structure Type Brick/Stone
Schools
Elementary Schools Wilson
Middle Schools Franklin
High Schools Parker
School District Janesville
This information, provided by seller, listing broker, and other parties, may not have been verified.
Copyright 2026 South Central Wisconsin MLS Corporation. All rights reserved
Copyright 2026 South Central Wisconsin MLS Corporation. All rights reserved
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