Multifamily Property with Security
New
For Sale
$270,000
147 S 8th Street 1-3, Barron, WI 54812
The fully occupied rental property includes coin-operated laundry and several recent building-system and exterior improvements.
Property Size2,401 SF
Price / SF$112.45
Days on Market4
Property Features for 147 S 8th Street 1-3
General Information
Standard status
Active
Size
2,401 SF
Property subtype
Multi-Family
Occupancy
100%
Net Operating Income
$19,147
Amenities
coin operated washer/dryer
Building Details
Year Built
1926
Listing Agency:
Feather Real Estate Group~Rice Lake
Listed By:
Kevin Feather · License #5863990
(715) 523-1167
Source:
Homcentric
Added: Oct 2
Changed: Oct 3
Last Checked: Oct 4 at 12:17PM
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 Feather Real Estate Group~Rice Lake
Investment Insights
Based on property information with market context.
Built in 1926, this 2,401-square-foot multifamily property is fully rented. Improvements include a steel roof installed in 2019, siding added in 2024, a water heater installed in 2026, and a boiler dating to 2018. Coin-operated laundry equipment provides an additional property feature, and a nine-camera system is installed for monitoring.
Key Highlights
- 2,401‑square‑foot multifamily property built in 1926
- Fully rented
- Steel roof installed in 2019; siding added in 2024
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,988
Cap Rate
3.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$199,760
$199.8K
Cap Rate 7%
$142,686
$142.7K
Cap Rate 9%
$110,978
$111.0K
Market Conditions
NOI Build-Up for 2,401 SF
Gross rent
$19.0K $7.92/SF
− Vacancy
−$856 −$0.36/SF
EGI
$18.2K $7.56/SF
− OpEx
−$8.2K −$3.40/SF
NOI
$10.0K $4.16/SF
Area
Barron County, WI
Vacancy
4.50%
Lease Rate
$7.92 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$199,760
Cap Rate 7%
$142,686
Cap Rate 9%
$110,978
Alternative Uses
Best Use
Apartment 5plus
$142.7K
$124.9K – $166.5K
NOI $9,988 @ 7.0% cap · market cap 3.70%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.93M
$1.69M – $2.25M
NOI $135,040 @ 7.0% cap · market cap 50.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
3
Businesses Nearby
Explore this area
Business Placement
Demographics for 54812, WI
5,845
Population
2,455
Households
2.4
Avg Household Size
41
Median Age
17%
College-Educated
85%
High-School Grad
90.2 sq mi
ZIP Area
65
Density / Sq Mi
$63,882
Median Household Income
$35,765
Median Earnings
$908
Median Rent
$163,500
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
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Frequently Asked Questions
What type of property is this?
Multifamily property - The fully occupied rental property includes coin-operated laundry and several recent building-system and exterior improvements.
Where is this multifamily property located?
The property is located at 147 S 8th Street 1-3 Barron, WI.
What is the asking price?
The asking price for this property is $270,000.
What are key features of this property?
This property features: 2,401‑square‑foot multifamily property built in 1926; Fully rented; Steel roof installed in 2019; siding added in 2024
