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Triplex with On-Site Laundry
New
For Sale
$260,000

1516-1524 College Avenue, Stevens Point, WI 54481

Three distinct unit layouts are complemented by tenant leases extending into 2027.

Property Size700 SF
Price / SF$371.43
Days on Market3

Property Features for 1516-1524 College Avenue

General Information

Standard status Active
Size 700 SF
Property subtype Multi-Family

Additional Details

Multifamily Units 3
Tenant in Place Yes

Amenities

coin-op laundry

Building Details

Year Built 1915
Listing Agency: Redman Realty Group, LLC
Listed By: Kelly Weiler
Source: Familytreerealtyllc
Added: Oct 30 Changed: Oct 31 Last Checked: Nov 1 at 5:13AM

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 Redman Realty Group, LLC

Rey
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Investment Insights

Based on property information with market context.

Built in 1915, this triplex contains a lower-level unit, an upper-level unit, and a bi-level unit. Coin-operated laundry is available on site, and a sizable rear parking area serves the property. The roof and siding were replaced within the past 11 years.

The property is at 1516-1524 College Avenue in Stevens Point, near downtown and UWSP. Current leases run into 2027.

Key Highlights

  • Three units: lower‑level, upper‑level, and bi‑level layouts
  • Current tenant leases extend into 2027
  • Coin‑operated laundry on site

Property Analytics

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Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

1,366
Businesses Nearby

Demographics for 54481, WI

28,100
Population
12,697
Households
2.2
Avg Household Size
32
Median Age
38%
College-Educated
96%
High-School Grad
65.6 sq mi
ZIP Area
428
Density / Sq Mi
$57,234
Median Household Income
$29,506
Median Earnings
$853
Median Rent
$191,700
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

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Triplex - Three distinct unit layouts are complemented by tenant leases extending into 2027.
Where is this triplex located?
The property is located at 1516-1524 College Avenue Stevens Point, WI.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: Three units: lower‑level, upper‑level, and bi‑level layouts; Current tenant leases extend into 2027; Coin‑operated laundry on site
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