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8-Unit Apartment Building
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1405 Oconomowoc Avenue, Watertown, WI 53094

Riverfront apartment property with private entrances, private basements, and tenant-paid electric and gas utilities.

Property SizeContact for details
Days on Market9

Property Features for 1405 Oconomowoc Avenue

General Information

Standard status Active
Total Parking Spaces 2
Property subtype Multifamily
Zoning MR-10
Net Operating Income $98,377

Units

Unit Mix 8 x 3BR/1.5BA
Multifamily Units 8

Additional Details

Utilities to Site Yes

Amenities

private entrance
private basement
hardwood floors
view of the Rock River
washer, dryer, refrigerator, stove
central air conditioning
off street parking

Building Details

Year Built 1970
Buildings 1
Units 8
Listing Agency: Century 21 Affiliated
Listed By: Jeff Kramer · License #53816-90
Source: Crexi
Added: Aug 11 Changed: Aug 15 Last Checked: Aug 18 at 6:44PM

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 Century 21 Affiliated

Investment Insights

Based on property information with market context.

Built in 1970, this 8-unit apartment property is situated along the Rock River in Watertown, Wisconsin. Each residence has a private entrance, private basement, three bedrooms, one full bathroom, and one half bathroom. Hardwood flooring and central air conditioning are provided throughout the units.

Apartments are equipped with a washer, dryer, refrigerator, and stove. Off-street parking is located behind the building. Utilities are separately metered, with tenants responsible for electric and gas while ownership pays water and sewer. The property is identified with MR-10 zoning and has an address of 1405 Oconomowoc Avenue.

Key Highlights

  • 8‑unit apartment building along the Rock River
  • Each unit includes 3 bedrooms, 1 full bathroom, and 1 half bathroom
  • Private entrance and private basement for every unit

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm HVAC Service Electrical Service Pharmacy Kitchen & Bath Showroom Gym & Fitness Center

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

8
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

149
Businesses Nearby

Demographics for 53094, WI

18,510
Population
7,387
Households
2.5
Avg Household Size
39
Median Age
22%
College-Educated
92%
High-School Grad
88.8 sq mi
ZIP Area
208
Density / Sq Mi
$71,973
Median Household Income
$40,673
Median Earnings
$1,039
Median Rent
$223,900
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?
Apartment building - Riverfront apartment property with private entrances, private basements, and tenant-paid electric and gas utilities.
Where is this apartment building located?
The property is located at 1405 Oconomowoc Avenue Watertown, WI.
What is the asking price?
The asking price for this property is $1,760,000.
What are key features of this property?
This property features: 8‑unit apartment building along the Rock River; Each unit includes 3 bedrooms, 1 full bathroom, and 1 half bathroom; Private entrance and private basement for every unit
(608) 438-5056 Call to check price and availability
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