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Two-Building Apartment Property
For Sale
Under Contract
$950,000

108-116 Eilbes Avenue, Beaver Dam, WI 53916

Multi Family, Beaver Dam, WI

Property SizeContact for details
Lot Size0.46 Acres
Days on Market11

Property Features for 108-116 Eilbes Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Zoning Multi Fam
Appliances 8
Subdivision Georgetown Heights
Elementary school Call School District
Middle school Call School District
High school Call School District
Elementary school district Beaver Dam
Middle school district Beaver Dam
High school district Beaver Dam
Directions Prospect Street East, under 151 Bridge turn North on Eilbes
Standard status Active Under Contract
APN 206-1214-3443-002
Lot size 0.46 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 11631

Utilities

Heating system Radiant

Amenities

in-unit laundry

Building Details

Year built 1977
Floors in Building 2
Number of units 8
Listing Agency: Ballweg's Real Estate LLC
Listed By: Robert Ballweg · License #29430
Added: Sep 4 Changed: Sep 9 Last Checked: Sep 14 at 1:06PM
MLS# 2031713

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.

This multifamily property includes two four-unit apartment buildings with eight two-bedroom units. Each apartment has a full bathroom, laundry area, and galley kitchen, while the buildings use electric heat, electric water heaters, and electric stoves. Tenants provide their own washers and dryers and are responsible for all utilities. The left and right units feature mirror-image layouts, and paved parking serves the property.

Built in 1977, the buildings sit on 0.46 acres and carry Multi Fam zoning. Recent exterior improvements include new roofs, gutters, and downspouts. The units are occupied by long-term tenants under month-to-month leases. The property is located at 108-116 Eilbes Avenue in Beaver Dam, Wisconsin.

Key Highlights

  • Two four‑unit apartment buildings with 8 total units
  • All 8 units offer two bedrooms, a full bath, and laundry
  • New roofs, gutters, and downspouts

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Parking Lot & Garage (Bike/Boat/Book/etc) Store Nail Salon Garden Center Furniture & Home Goods

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

8
Residential units

Location Intelligence

Trade Area within ½ mile

239
Businesses Nearby

Demographics for 53916, WI

23,057
Population
11,001
Households
2.1
Avg Household Size
42
Median Age
27%
College-Educated
94%
High-School Grad
103.6 sq mi
ZIP Area
223
Density / Sq Mi
$72,704
Median Household Income
$48,218
Median Earnings
$932
Median Rent
$212,200
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 - Two-bedroom units include full baths, laundry, galley kitchens, and access to paved parking.
Where is this apartment building located?
The property is located at 108-116 Eilbes Avenue Beaver Dam, WI.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Two four‑unit apartment buildings with 8 total units; All 8 units offer two bedrooms, a full bath, and laundry; New roofs, gutters, and downspouts
More about this property
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