Townhome-Style Multifamily with
For Sale
Contact for pricing
Pending
1324 South Main Street, Lake Mills, WI 53551
Newly built 23-unit community with attached two-car garages and three-bedroom, two-and-one-half-bath townhome-style homes.
Property SizeContact for details
Lot Size2.56 Acres
Days on Market97
Property Features for 1324 South Main Street
General Information
Standard status
Pending
Total Parking Spaces
46
Lot size
2.56 Acres
Property subtype
Retail, Multifamily
Zoning
Res
Occupancy
91%
Lease Type
Gross
Additional Details
Cap Rate
5.42%
Multifamily Units
23
Building Details
Year Built
2023
Buildings
6
Stories
2
Tenancy
Multi
Listing Agency:
Best Realty of Edgerton
Listed By:
Kyle Carrier · License #WI 58216-90
(608) 449-3630
Source:
Crexi
Added: Jun 2
Changed: Aug 8
Last Checked: Jul 25 at 4:15AM
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 Best Realty of Edgerton
Investment Insights
Based on property information with market context.
Completed in 2023, this townhome-style multifamily community includes six residential buildings totaling 23 units. All homes offer three bedrooms and two-and-one-half baths, along with an attached two-car garage, creating a layout that bridges the convenience of apartment living with the functionality of a private home. The property is currently 91.3% occupied, with 21 leased units and 2 units available.
The community is located in Lake Mills, Wisconsin. The offering presents a stabilized income-producing asset in a rental market described as desirable in the area between Madison and Milwaukee, with the site developed on approximately 2.56 acres.
For buyers seeking recently delivered housing product, the 2023 construction and attached-garage design may be attractive for tenant appeal and operational continuity. The current leasing position provides an immediate view of in-place occupancy, while the remaining available units can support leasing momentum within the same three-bedroom, two-and-one-half-bath unit mix.
The community is located in Lake Mills, Wisconsin. The offering presents a stabilized income-producing asset in a rental market described as desirable in the area between Madison and Milwaukee, with the site developed on approximately 2.56 acres.
For buyers seeking recently delivered housing product, the 2023 construction and attached-garage design may be attractive for tenant appeal and operational continuity. The current leasing position provides an immediate view of in-place occupancy, while the remaining available units can support leasing momentum within the same three-bedroom, two-and-one-half-bath unit mix.
Key Highlights
- Completed in 2023: 23‑unit townhome‑style multifamily community with 3BR and 2.5BA units
- 21 of 23 units currently leased (91.3% occupied) with 2 available units
- Six residential buildings on approximately 2.56 acres
Property Analytics
Property Profile
Current Use
Lease Details
23
Residential units
Location Intelligence
Trade Area within ½ mile
46
Businesses Nearby
Explore this area
Business Placement
Demographics for 53551, WI
8,920
Population
4,048
Households
2.2
Avg Household Size
41
Median Age
45%
College-Educated
96%
High-School Grad
39.6 sq mi
ZIP Area
225
Density / Sq Mi
$89,841
Median Household Income
$53,503
Median Earnings
$1,089
Median Rent
$322,700
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?
Apartment building - Newly built 23-unit community with attached two-car garages and three-bedroom, two-and-one-half-bath townhome-style homes.
Where is this apartment building located?
The property is located at 1324 South Main Street Lake Mills, WI.
What is the asking price?
The asking price for this property is $7,500,000.
What are key features of this property?
This property features: Completed in 2023: 23‑unit townhome‑style multifamily community with 3BR and 2.5BA units; 21 of 23 units currently leased (91.3% occupied) with 2 available units; Six residential buildings on approximately 2.56 acres
