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Six-Unit Apartment Building
For Sale
$525,000

401 S Iowa Street, Dodgeville, WI 53533

Multi Family, Dodgeville, WI

Property SizeContact for details
Lot Size0.29 Acres
Days on Market47

Property Features for 401 S Iowa Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning Commercial
Appliances 6
Subdivision Burrall's Addition
Elementary school Dodgeville
Middle school Dodgeville
High school Dodgeville
Elementary school district Dodgeville
Middle school district Dodgeville
High school district Dodgeville
Directions Head south through Dodgeville on hwy 23, property is on the southeast corner of the Clearance and Iowa St intersection.
Standard status Active
APN 2160117
Lot size 0.29 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 4155

Utilities

Heating system Radiant

Amenities

coin-operated laundry

Building Details

Year built 1888
Number of units 6
Listing Agency: Potterton Rule Real Estate LLC
Listed By: Barry Rowe · License #94749-94
Added: Jul 30 Changed: Sep 9 Last Checked: Sep 14 at 8:06AM
MLS# 2029259

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.

Investment Insights

Based on property information with market context.

Built in 1888, this six-unit apartment property combines Second Empire architectural character with practical income-producing features. The building includes a basement coin-operated laundry, radiant heating, and an unfinished third story that may offer additional living-space potential, subject to buyer verification and local approvals. Two units have been recently refreshed and are currently vacant, while the occupied units are leased month to month. The majority of the roof has been replaced, providing a significant completed building improvement. The property occupies 0.29 acres and carries Commercial zoning. Parcel 216-0116 is excluded from the sale, with the purchaser receiving the first opportunity to acquire it if it becomes available in the future.

Key Highlights

  • Six‑unit apartment property built in 1888
  • 0.29‑acre parcel with Commercial zoning
  • Unfinished third story may offer additional living‑space potential, subject to approvals

Property Analytics

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Current Use

Anytime Fitness Gym & Fitness Center

Suggested Use

Top Pick Electrical Service Spa & Massage Center (Bike/Boat/Book/etc) Store Garden Center Barber Shop Cafe & Coffee Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

455
Businesses Nearby

Demographics for 53533, WI

7,306
Population
3,557
Households
2.1
Avg Household Size
44
Median Age
31%
College-Educated
95%
High-School Grad
142.1 sq mi
ZIP Area
51
Density / Sq Mi
$82,731
Median Household Income
$48,228
Median Earnings
$976
Median Rent
$255,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Second Empire-style property with basement laundry, two refreshed vacant units, and flexible month-to-month tenancy.
Where is this apartment building located?
The property is located at 401 S Iowa Street Dodgeville, WI.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Six‑unit apartment property built in 1888; 0.29‑acre parcel with Commercial zoning; Unfinished third story may offer additional living‑space potential, subject to approvals
More about this property
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