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Three-Unit Apartment Building
For Sale
$625,000

5604 Bjelde Ln, Monona, WI 53716

Three separate apartment units in a Monona triplex with remodeled interiors, a shared basement, and a four-car detached garage.

Property Size480 SF
Price / SF$1,302
Days on Market17

Property Features for 5604 Bjelde Ln

General Information

Standard status Active
Size 480 SF
Total Parking Spaces 4
Property subtype Multi-Family

Additional Details

Multifamily Units 3

Building Details

Year Built 1960
Year Renovated 2025
Tenancy Multi
Listing Agency: Lauer Realty Group, Inc.
Listed By: Liz Lauer · License #9056139
Source: Soldinmadison
Added: Jul 20 Changed: Jul 21 Last Checked: Aug 5 at 11:07AM

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 Lauer Realty Group, Inc.

Investment Insights

Based on property information with market context.

This three-unit apartment building offers three separate residences with recent updates across the property. The first-floor unit features three bedrooms and includes a remodeled kitchen with stainless-steel appliances and a dishwasher, tile backsplash, new LVP flooring, a new A/C unit, and a remodeled bath. Units 2 and 3 have been remodeled with new LVP, kitchen and bath remodels in 2025, and additional in-unit bathroom features, along with new wall A/C units and new water heaters installed in 2024.

A common basement provides shared laundry facilities with a coin-operated washer and dryer. Electric and gas are metered separately, and there is space in the basement for a hobbyist or shop use. Outside, the property includes a four-car detached garage with openers.

Additional building improvements include a roof replacement in 2021. Leases are on file.

Key Highlights

  • Three‑unit apartment building in Monona, built in 1960, with remodeled unit interiors throughout
  • Unit 1 features a remodeled kitchen with stainless appliances and dishwasher, new LVP flooring, new A/C unit, and a remodeled bath
  • Units 2 and 3 were remodeled, including new kitchen and bath remodels in 2025, plus new wall A/C units and water heaters in 2024

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Parking Lot & Garage HVAC Service Bakery Carpet & Flooring Store (Bike/Boat/Book/etc) Store Butcher

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

3
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

616
Businesses Nearby

Demographics for 53716, WI

19,105
Population
8,668
Households
2.2
Avg Household Size
43
Median Age
51%
College-Educated
96%
High-School Grad
6.3 sq mi
ZIP Area
3,033
Density / Sq Mi
$89,225
Median Household Income
$52,338
Median Earnings
$1,264
Median Rent
$325,400
Median Home Value

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?
Triplex - Three separate apartment units in a Monona triplex with remodeled interiors, a shared basement, and a four-car detached garage.
Where is this triplex located?
The property is located at 5604 Bjelde Ln Monona, WI.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Three‑unit apartment building in Monona, built in 1960, with remodeled unit interiors throughout; Unit 1 features a remodeled kitchen with stainless appliances and dishwasher, new LVP flooring, new A/C unit, and a remodeled bath; Units 2 and 3 were remodeled, including new kitchen and bath remodels in 2025, plus new wall A/C units and water heaters in 2024
More about this property
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