Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    219 Lincoln Ave Rio, WI 53960

    For Sale
    $525,900

    Apartment building,3 story,2 flat-up and down - Rio, WI

    Lot size:
    0.30 Acres
    Days on Market:
    31
    Last Refresh:
    Dec 8 at 6:06 pm

    Property Features for 219 Lincoln Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    commercial
    Rooms
    Basement, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    9
    APN
    11177-61
    Parking
    6
    Parking features
    Garage
    Basement Y/N
    1
    Appliances
    Dishwasher, Dryer
    Lot size
    0.30 Acres

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    1902
    Floors in Building
    3
    Number of units
    4
    Building materials
    Brick, Stone
    Architectural style
    Other

    Real Broker LLC (855) 450-0442 [email protected]

    Listing agent Judy Braund (855) 450-0442

    Listing date Nov 8, 2025

    MLS# 2001053 Listing URL

    Copyright © 2025 South Central Wisconsin MLS Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Turnkey Investment Opportunity in Rio

    This grand brick 4-unit apartment building presents a turnkey investment opportunity with strong upside potential. Located just 10 minutes from the new ABS facility and 20 minutes from Sun Prairie, the property features generous unit sizes: Unit #1 offers 1500 square feet, Units #2 and #3 each provide 2500 square feet, and the efficiency unit is 400 square feet, with an additional 1200 square feet of space that could be renovated into living space. Three of the units have been beautifully renovated and are consistently rented. In-unit washer/dryers are included. Unit #3 features a large covered balcony. The property also benefits from newer Thermopane windows and a newer rubber roof installed in 2018. The front mansard shingles were updated in 2000. Appliances and hot water heaters have been replaced between 2020 and 2025. Additional amenities include a workout room, a lower-level workshop, and a large storage area. A detached 2-car garage is also included. Situated on a 0.3-acre lot, the property's commercial zoning allows for various business uses. Current rents are under market value, offering immediate value-add potential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Rio
    County
    Columbia
    State
    Wisconsin
    Longitude
    -89.239522
    Latitude
    43.447581

    Nearby Similar for Sale

    • $420,000
      3,072 SF

      Rio Waterfront Bar & Restaurant

      Established Business, High Traffic Area
      W3408 Hwy, Rio, WI 53960
      View Details

    FAQs

    What type of property is this?
    Quadplex - Renovated 4-unit apartment building with upside potential near ABS facility.
    Where is this quadplex located?
    The property is located at 219 Lincoln Ave Rio, WI.
    What is the asking price?
    The asking price for this property is $525,900.
    What are key features of this property?
    This property features: - Turnkey investment property with strong upside potential due to under-market rents.; - Three of four units are beautifully renovated and consistently rented.; - Generous unit sizes: **1500 sf, 2500 sf (x2), and an efficiency unit**, plus 1200 sf of additional space for renovation.
    (855) 450-0442
    Request Owner's contact information
    219 Lincoln Ave Rio, WI 53960
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    219 Lincoln Ave
    Rio, WI 53960
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    219 Lincoln Ave Rio, WI 53960
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.