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
    The Largest CRE Database in the US with Over 1 Million Listings

    823 Church St Beloit, WI 53511

    Sponsored
    For Sale
    $325,000

    3 story - Beloit, WI

    Lot size:
    0.21 Acres
    Days on Market:
    3
    Last Refresh:
    Feb 20 at 12:06 am

    Property Features for 823 Church St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R1-I1
    Rooms
    Basement, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    6
    APN
    13670620
    Parking
    3
    Basement Y/N
    1
    Lot size
    0.21 Acres

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    1920
    Floors in Building
    3
    Number of units
    3
    Architectural style
    Other

    We can help!

    Listing Contact
    Colin Schindler

    REMAX Ignite (608) 931-8647

    Listing agent Colin Schindler (608) 931-8647

    Listing date Feb 18, 2026

    MLS# 2016597 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 Investment Opportunity

    Located in Beloit's College Park Historic District, this property presents an investment opportunity with long-term tenants and cash flow. The neighborhood has seen significant investment in recent years and is the setting for A&E's TV show "Betting On Beloit". The property is within walking distance of downtown. The lot size is approximately 0.21 acres. The property is a 3 story building. Zoning is R1-I1. It is classified as a triplex, multifamily property, and residential income property.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Beloit
    County
    Rock
    State
    Wisconsin
    Longitude
    -89.027937
    Latitude
    42.50546

    Nearby Similar for Sale

    • $999,999
      10.00 Acres

      Beloit Township 6-Unit Property

      Well-maintained 6-unit property on 10 acres with income potential.
      2290 S Afton Rd, Beloit, WI 53511
      View Details
    • $1,473,999
      25.97 Acres

      Farmhouse with Guest House and Barn

      Farm property featuring a farmhouse, guest house, and barn.
      1610 Town Hall Rd, Beloit, WI 53511
      View Details
    • $1,473,999
      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
    • $1,473,999
      25.97 Acres

      Beloit Farmhouse on 25+ Acres

      Farmhouse, guest house, barn, and outbuildings on over 25 acres.
      1610 Town Hall Rd, Beloit, WI 53511
      View Details
    • New
      $239,900
      0.16 Acres

      Updated Duplex Overlooking ABC Stadium

      Spruced up Beloit duplex with recent updates and separate utilities.
      302-304 Bluff St, Beloit, WI 53511
      View Details
    • New
      $420,000
      0.49 Acres

      Beloit Investment Opportunity

      Investment opportunity in Beloit, Wisconsin. Tenant occupied.
      1052 8Th St, Beloit, WI 53511
      View Details
    • $169,900

      Upgraded Commercial Space in Beloit

      Freshly improved interior ideal for retail, office, or boutique.
      1304 Cranston Rd, Beloit, WI 53511
      View Details
    • $375,000

      Commercial Warehouse in Beloit, WI

      Commercial warehouse property in Beloit, WI, with versatile space.
      628 Cross St, Beloit, WI 53511
      View Details
    • New
      $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

      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?
    Triplex - Investment property in Beloit's College Park Historic District.
    Where is this triplex located?
    The property is located at 823 Church St Beloit, WI.
    What is the asking price?
    The asking price for this property is $325,000.
    What are key features of this property?
    This property features: - Great cashflow potential with long-term tenants.; - Located in Beloit's College Park Historic District.; - Walking distance to downtown.
    (608) 931-8647
    Request Owner's contact information
    823 Church St 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.
    823 Church St
    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
    823 Church St 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
    Colin Schindler
    (608) 931-8647 (608) 312-4433 (608) 295-7814
    Learn more
    Google sign-in failed. Please try again or use another login method.