Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2290 S Afton Rd Beloit, WI 53511

    View on Map
    Sponsored
    For Sale
    $999,999

    2 story - Beloit, WI

    Lot size:
    10.00 Acres
    Days on Market:
    54
    Last Refresh:
    Mar 6 at 11:06 am

    Property Features for 2290 S Afton Rd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    res,agr
    Rooms
    Basement, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    6
    APN
    62267.1C, 62267.1B, 62267.1A
    Parking
    4
    Basement Y/N
    1
    Appliances
    Dryer
    Lot size
    10.00 Acres

    Building Details

    Year built
    1995
    Floors in Building
    2
    Number of units
    6
    Building materials
    Stone
    Architectural style
    Other

    We can help!

    Listing Contact
    Mike Coleman

    eXp Realty (866) 848-6990

    Listing agent Mike Coleman (866) 848-6990

    Listing date Jan 12, 2026

    MLS# 2012905 Listing URL

    Copyright © 2026 REALTORS® Association of South Central Wisconsin. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Beloit Township 6-Unit Property

    This well-maintained 6-unit property is situated on 10 acres. The grounds feature a pond and a gazebo. Parking and storage are available, including a detached 2-car garage and four single-car garages serving 4 of the 6 units. The property includes an outbuilding for additional storage or future use. The property is a turnkey asset with long-term value. Square footage is approximate. The property is located in Beloit Township.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Beloit
    County
    Rock
    State
    Wisconsin
    Longitude
    -89.049593
    Latitude
    42.534092

    Nearby Similar for Sale

    • $169,900

      Upgraded Commercial Space in Beloit

      Freshly improved interior ideal for retail, office, or boutique.
      1304 Cranston Rd, Beloit, WI 53511
      View Details
    • $325,000
      0.21 Acres

      Beloit Investment Opportunity

      Investment property in Beloit's College Park Historic District.
      823 Church St, Beloit, WI 53511
      View Details
    • $1,443,000
      25.97 Acres

      Beloit Farmhouse on 25+ Acres

      Farmhouse, guest house, barn, and outbuildings on 25+ acres.
      1610 Town Hall Rd, Beloit, WI 53511
      View Details
    • $1,443,000
      2,164 SF

      Farmhouse with Guest House and Barn

      Farm property featuring a farmhouse, guest house, and barn.
      1610 Town Hall Rd, Beloit, WI 53511
      View Details
    • $214,900

      Beloit Duplex: Investor Opportunity

      Two-unit property in Beloit, WI, with existing rental income.
      743 8Th St, Beloit, WI 53511
      View Details
    • $462,000
      6 SF

      Income-Producing Beloit Retail Strip Center

      Fully leased office and retail strip center in Beloit, Wisconsin.
      1517 E Huebbe Pkwy, Beloit, WI 53511
      View Details
    • Contact for pricing
      21,332 SF

      Industrial Portfolio with Crane Systems

      Two industrial buildings with cranes and yard space for sale.
      1409-1431 Manchester St, Beloit, WI 53511
      View Details
    • $375,000
      4,000 SF

      Beloit Commercial Building - High Visibility

      Income-producing, three-section building, prime location.
      1215 Cranston Rd, Beloit, WI 53511
      View Details
    • $499,000
      1,620 SF

      Beloit Commercial Property: Historic Tavern

      Historic Tavern, 1.0 acre, high rental potential.
      1408 Madison Rd, Beloit, WI 53511
      View Details
    • $420,000
      0.49 Acres

      Beloit WI Investment Opportunity

      Investment opportunity in Beloit, Wisconsin with tenant-occupied units.
      1052 8Th St, Beloit, WI 53511
      View Details
    • Contact for pricing
      40,739 SF

      Beloit Warehouse: Prime Industrial Space

      40,739 SF Warehouse - $10,000/Month
      1805 Prairie Ave, Beloit, WI 53511
      View Details
    • $375,000

      Commercial Warehouse in Beloit Business District

      Versatile commercial warehouse property in Beloit's business district for sale.
      628 Cross St, Beloit, WI 53511
      View Details

    FAQs

    What type of property is this?
    Apartment building - Six-unit property on 10 acres with income potential.
    Where is this apartment building located?
    The property is located at 2290 S Afton Rd Beloit, WI.
    What is the asking price?
    The asking price for this property is $999,999.
    What are key features of this property?
    This property features: - Income-generating 6-unit property on 10 acres, offering both income and country living.; - Detached 2-car garage plus four single-car garages available for tenant use.; - Serene pond and charming gazebo for tenant enjoyment.
    (866) 848-6990
    Request Owner's contact information
    2290 S Afton Rd Beloit, WI 53511
    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.
    2290 S Afton Rd
    Beloit, WI 53511
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    2290 S Afton Rd Beloit, WI 53511
    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
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Mike Coleman
    (866) 848-6990
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!