Multifamily Property with Coin
For Sale
$270,000
1-3-147 S 8th St, Barron, WI 54812
The fully rented building includes coin-operated laundry and several documented building-system and exterior upgrades.
Property Size2,401 SF
Price / SF$112.45
Days on Market14
Property Features for 1-3-147 S 8th St
General Information
Standard status
Active
Size
2,401 SF
Property subtype
Residential Income
Occupancy
100%
Net Operating Income
$19,147
Taxes and HOA fees
Annual Taxes
$3,052
Amenities
security camera system
coin-operated washer/dryer
Listing Agency:
Feather Real Estate Group Rice Lake
(715) 719-0880
Listed By:
Kevin Feather · License #5863990
(715) 523-1167
Source:
Exprealty
Added: Sep 22
Changed: Oct 4
Last Checked: Oct 4 at 6:14PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Feather Real Estate Group Rice Lake
Investment Insights
Based on property information with market context.
This 2,401-square-foot multifamily property is fully rented and includes coin-operated laundry equipment. Improvements include a steel roof installed in 2019, siding replaced in 2024, a water heater installed in 2026, and a boiler dating to 2018. A nine-camera system is also in place.
The property is at 1-3-147 S 8th St in Barron, Wisconsin.
The property is at 1-3-147 S 8th St in Barron, Wisconsin.
Key Highlights
- Fully rented multifamily property with 2,401 square feet
- Steel roof installed in 2019 and siding replaced in 2024
- Water heater installed in 2026; boiler dates to 2018
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,988
Cap Rate
3.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$199,760
$199.8K
Cap Rate 7%
$142,686
$142.7K
Cap Rate 9%
$110,978
$111.0K
Market Conditions
NOI Build-Up for 2,401 SF
Gross rent
$19.0K $7.92/SF
− Vacancy
−$856 −$0.36/SF
EGI
$18.2K $7.56/SF
− OpEx
−$8.2K −$3.40/SF
NOI
$10.0K $4.16/SF
Area
Barron County, WI
Vacancy
4.50%
Lease Rate
$7.92 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$199,760
Cap Rate 7%
$142,686
Cap Rate 9%
$110,978
Alternative Uses
Best Use
Apartment 5plus
$142.7K
$124.9K – $166.5K
NOI $9,988 @ 7.0% cap · market cap 3.70%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.93M
$1.69M – $2.25M
NOI $135,040 @ 7.0% cap · market cap 50.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1
Businesses Nearby
Explore this area
Business Placement
Demographics for 54812, WI
5,845
Population
2,455
Households
2.4
Avg Household Size
41
Median Age
17%
College-Educated
85%
High-School Grad
90.2 sq mi
ZIP Area
65
Density / Sq Mi
$63,882
Median Household Income
$35,765
Median Earnings
$908
Median Rent
$163,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - The fully rented building includes coin-operated laundry and several documented building-system and exterior upgrades.
Where is this multifamily property located?
The property is located at 1-3-147 S 8th St Barron, WI.
What is the asking price?
The asking price for this property is $270,000.
What are key features of this property?
This property features: Fully rented multifamily property with 2,401 square feet; Steel roof installed in 2019 and siding replaced in 2024; Water heater installed in 2026; boiler dates to 2018
