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Remodeled Three-Unit Triplex
New
For Sale
$375,000

1315 15th Ave, Monroe, WI 53566

Three separately configured units include a short-term rental and two month-to-month apartments near downtown.

Property SizeContact for details
Days on Market5

Property Features for 1315 15th Ave

General Information

Standard status Active
Property subtype Residential Income

Additional Details

Multifamily Units 3

Taxes and HOA fees

Annual Taxes $3,308
Listing Agency: First Weber Inc
Listed By: Julie Larson
Source: Exprealty
Added: Sep 16 Changed: Sep 19 Last Checked: Sep 19 at 1:34PM

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 First Weber Inc

Investment Insights

Based on property information with market context.

This triplex is arranged as three distinct residential units, combining one short-term rental with two apartments leased on a month-to-month basis. The short-term rental has undergone a full remodel with updated electrical and plumbing systems, new fixtures, appliances, marble countertops, and doors. It accommodates up to 6 guests.

Located at 1315 15th Ave in Monroe, Wisconsin, the property is positioned minutes from the downtown area. The three-unit configuration provides a mix of short-term and apartment uses within one residential income property.

Key Highlights

  • Three separately configured residential units
  • One unit operates as a short‑term rental accommodating 6 guests
  • Two apartments are leased on a month‑to‑month basis

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Law Firm Parking Lot & Garage Computer & Electronic Repair Grocery & Convenience Store Kitchen & Bath Showroom Electrical Service

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

Location Intelligence

Trade Area within ½ mile

774
Businesses Nearby

Demographics for 53566, WI

14,970
Population
6,810
Households
2.2
Avg Household Size
44
Median Age
26%
College-Educated
93%
High-School Grad
152.9 sq mi
ZIP Area
98
Density / Sq Mi
$71,801
Median Household Income
$41,525
Median Earnings
$849
Median Rent
$203,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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 separately configured units include a short-term rental and two month-to-month apartments near downtown.
Where is this triplex located?
The property is located at 1315 15th Ave Monroe, WI.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Three separately configured residential units; One unit operates as a short‑term rental accommodating 6 guests; Two apartments are leased on a month‑to‑month basis
More about this property
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