Multifamily Property with Updated
New
For Sale
$399,000
135 W Center St, Whitewater, WI 53190
Multiple apartments are occupied by established long-term tenants.
Property Size3,400 SF
Price / SF$117.35
Days on Market6
Property Features for 135 W Center St
General Information
Standard status
Active
Size
3,400 SF
Building Details
Year Built
1900
Tenancy
Multi
Listing Agency:
Anderson Commercial Group, LLC
Listed By:
Kristen Parks · License #9034194
(414) 858-5226
Source:
Tumpanelegacy
Added: Oct 1
Last Checked: Oct 5 at 9:23PM
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 Anderson Commercial Group, LLC
Investment Insights
Based on property information with market context.
This multifamily property at 135 W Center St contains multiple apartments with an updated design. Long-term tenants are in place, and the building dates to 1900.
The property is in downtown Whitewater, within walking distance of shops, restaurants, and everyday services. The University of Wisconsin-Whitewater is also nearby.
The property is in downtown Whitewater, within walking distance of shops, restaurants, and everyday services. The University of Wisconsin-Whitewater is also nearby.
Key Highlights
- Multiple apartments with an updated design
- Long‑term tenants in place
- Built in 1900
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,074
Cap Rate
8.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$681,480
$681.5K
Cap Rate 7%
$486,771
$486.8K
Cap Rate 9%
$378,600
$378.6K
Market Conditions
NOI Build-Up for 3,400 SF
Gross rent
$64.9K $19.08/SF
− Vacancy
−$2.9K −$0.86/SF
EGI
$62.0K $18.22/SF
− OpEx
−$27.9K −$8.20/SF
NOI
$34.1K $10.02/SF
Area
Walworth County, WI
Vacancy
4.50%
Lease Rate
$19.08 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$681,480
Cap Rate 7%
$486,771
Cap Rate 9%
$378,600
Alternative Uses
Best Use
Mixed Use
$603.3K
$527.9K – $703.8K
NOI $42,228 @ 7.0% cap · market cap 10.58%
Second Best
Apartment 5plus
$486.8K
$425.9K – $567.9K
NOI $34,074 @ 7.0% cap · market cap 8.54%
Theoretical Best
Specialty Retail
$656.2K
$574.1K – $765.5K
NOI $45,931 @ 7.0% cap · market cap 11.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
526
Businesses Nearby
Explore this area
Business Placement
Demographics for 53190, WI
19,459
Population
8,331
Households
2.3
Avg Household Size
27
Median Age
35%
College-Educated
90%
High-School Grad
130.8 sq mi
ZIP Area
149
Density / Sq Mi
$59,598
Median Household Income
$17,627
Median Earnings
$990
Median Rent
$247,000
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?
Multifamily property - Multiple apartments are occupied by established long-term tenants.
Where is this multifamily property located?
The property is located at 135 W Center St Whitewater, WI.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Multiple apartments with an updated design; Long‑term tenants in place; Built in 1900
