Building Details

Year Built 1900

Tenancy Multi

Listing Agency: Coldwell Banker Action

Listed By: Kelly Weiler Show Phone

Source: Familytreerealtyllc

Added: Sep 11 Changed: Oct 28 Last Checked: Oct 28 at 7:43AM

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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 Coldwell Banker Action

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Investment Insights

Based on property information with market context.

This three-unit residential property in the Village of Amherst was built in 1900 and includes a lower-level one-bedroom unit, a main-level two-bedroom unit, and an upper-level two-bedroom unit. Each apartment is separately leased, with written agreements in place. Tenants are responsible for natural gas, electric, sewer, and water expenses.

The property includes newly installed replacement windows, while the upper apartment has recently been remodeled. The units are identified as 126, 136, and 146 Wilson Street, and the building is next to the International Bank of Amherst. Current lease expirations extend through 2027 and 2028, providing defined occupancy terms for the three apartments.

Key Highlights

• Three‑unit property with one one‑bedroom apartment and two two‑bedroom apartments
• New replacement windows installed throughout the property
• Upper‑level apartment recently remodeled

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$7,179

Cap Rate

3.38%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$143,580 $143.6K

Cap Rate 7%

$102,557 $102.6K

Cap Rate 9%

$79,767 $79.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 864 SF

Gross rent

$10.9K $12.60/SF

− Vacancy

−$630 −$0.73/SF

EGI

$10.3K $11.87/SF

− OpEx

−$3.1K −$3.56/SF

NOI

$7.2K $8.31/SF

Area

Portage County, WI

Vacancy

5.79%

Lease Rate

$12.60 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$143,580

Cap Rate 7%

$102,557

Cap Rate 9%

$79,767

Alternative Uses

Best Use

Multifamily LT 5

$102.6K

$89.7K – $119.7K (±1% cap)

NOI $7,179 @ 7.0% cap · market cap 3.38%

Second Best

Apartment 5plus

$91.8K

$80.3K – $107.1K (±1% cap)

NOI $6,425 @ 7.0% cap · market cap 3.02%

Theoretical Best

Specialty Retail

$168.1K

$147.1K – $196.2K (±1% cap)

NOI $11,770 @ 7.0% cap · market cap 5.54%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Lease Details

3

Residential units

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

154

Businesses Nearby

Explore this area Business Placement

Demographics for 54406, WI

3,647

Population

1,776

Households

2.1

Avg Household Size

43

Median Age

31%

College-Educated

97%

High-School Grad

66.4 sq mi

ZIP Area

55

Density / Sq Mi

$76,445

Median Household Income

$39,615

Median Earnings

$858

Median Rent

$267,300

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Frequently Asked Questions

What type of property is this?

Triplex - Triplex with updated windows, a remodeled upper unit, and separate leases across three residential levels.

Where is this triplex located?

The property is located at 126 Wilson Street Amherst, WI.

What is the asking price?

The asking price for this property is $212,500.

What are key features of this property?

This property features: Three‑unit property with one one‑bedroom apartment and two two‑bedroom apartments; New replacement windows installed throughout the property; Upper‑level apartment recently remodeled