Historic Five-Unit Apartment
For Sale
$1,075,000
1434 Cass St, La Crosse, WI 54601
Includes distinctive architectural details, a bowling alley, and a separate carriage house.
Property Size10,300 SF
Price / SF$104.37
Days on Market57
Property Features for 1434 Cass St
General Information
Standard status
Active
Size
10,300 SF
Property subtype
Commercial
Additional Details
Multifamily Units
5
Amenities
bowling alley
Building Details
Year Built
1894
Listing Agency:
eXp Realty LLC
Listed By:
Hayden Schmidt · License #9357594
(608) 785-0888
Source:
Viewhomesinwisconsin
Added: Aug 19
Changed: Oct 4
Last Checked: Oct 12 at 8:22PM
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 eXp Realty LLC
Investment Insights
Based on property information with market context.
Built in 1894, this 10,300-square-foot apartment property is configured with five units and retains distinctive architectural features, including turrets and spacious rooms. A bowling alley adds an uncommon recreational component, while the separate carriage house provides additional physical space within the property. The current operating arrangement includes one Airbnb unit and four units under long-term leases.
The property is located at 1434 Cass St in La Crosse, Wisconsin, directly opposite a park. Its combination of historic construction, substantial interior scale, specialized features, and an additional carriage house distinguishes it from a conventional apartment building.
The property is located at 1434 Cass St in La Crosse, Wisconsin, directly opposite a park. Its combination of historic construction, substantial interior scale, specialized features, and an additional carriage house distinguishes it from a conventional apartment building.
Key Highlights
- 10,300‑square‑foot apartment property built in 1894
- Configured as a 5‑unit apartment building
- One Airbnb unit and 4 long‑term leases
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$83,711
Cap Rate
7.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,674,220
$1.7M
Cap Rate 7%
$1,195,871
$1.2M
Cap Rate 9%
$930,122
$930.1K
Market Conditions
NOI Build-Up for 10,300 SF
Gross rent
$161.9K $15.72/SF
− Vacancy
−$9.7K −$0.94/SF
EGI
$152.2K $14.78/SF
− OpEx
−$68.5K −$6.65/SF
NOI
$83.7K $8.13/SF
Area
La Crosse County, WI
Vacancy
6.00%
Lease Rate
$15.72 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,674,220
Cap Rate 7%
$1,195,871
Cap Rate 9%
$930,122
Alternative Uses
Best Use
Apartment 5plus
$1.20M
$1.05M – $1.40M
NOI $83,711 @ 7.0% cap · market cap 7.79%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.25M
$1.97M – $2.63M
NOI $157,683 @ 7.0% cap · market cap 14.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
1,416
Businesses Nearby
Explore this area
Business Placement
Demographics for 54601, WI
51,090
Population
22,652
Households
2.3
Avg Household Size
32
Median Age
40%
College-Educated
96%
High-School Grad
75.4 sq mi
ZIP Area
678
Density / Sq Mi
$60,078
Median Household Income
$31,143
Median Earnings
$998
Median Rent
$220,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Includes distinctive architectural details, a bowling alley, and a separate carriage house.
Where is this apartment building located?
The property is located at 1434 Cass St La Crosse, WI.
What is the asking price?
The asking price for this property is $1,075,000.
What are key features of this property?
This property features: 10,300‑square‑foot apartment property built in 1894; Configured as a 5‑unit apartment building; One Airbnb unit and 4 long‑term leases
