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

1516-1524 COLLEGE AVENUE, Stevens Point, WI 54481

Multi-Family, Stevens Point, WI

Property SizeContact for details
Lot Size0.21 Acres
Days on Market1

Property Features for 1516-1524 COLLEGE AVENUE

General Information

Property type Residential Multi Family
Property subtype Triplex
Zoning description Multi-Family
Bedrooms 6
Bathrooms 3
Full bathrooms 3
Rooms Bedroom 2, Bedroom 6, Bedroom 3, Bathroom 2, Bedroom 4, Basement, Bedroom 1, Bedroom 5, Bathroom 1, Bathroom 3
Interior features Smoke Detector, Cable Hookup
Appliances Refrigerator, Range, Washer, Dryer
Directions College Ave
Subdivision Stevens Point
Standard status Active
Lot size 0.21 Acres

Additional Details

Tenant in Place Yes

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 5347

Utilities

Heating system Forced Air

Amenities

coin-op laundry
parking area

Building Details

Year built 1915
Floors in Building 2
Building materials Vinyl
Roof type Metal
Listing Agency: RE/MAX Central · RE/MAX International
Listed By: MIKE WILLIAMS · License #5044990
Added: Oct 29 Last Checked: Oct 29 at 9:06PM
MLS# 22605400

Copyright © 2026 Central Wisconsin MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Rey
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Investment Insights

Based on property information with market context.

This 1915 triplex contains three apartments: a lower-level unit, an upper-level unit, and a bi-level unit. Coin-operated laundry is available on site, and a large parking area sits behind the building. The roof and siding were replaced within the past 11 years.

Located on College Avenue in Stevens Point, the property is close to downtown and UWSP. Current leases extend into 2027. The 0.21-acre parcel also includes forced-air heating; appliances include refrigerators, ranges, washers, and dryers.

Key Highlights

  • Three apartments with lower‑level, upper‑level, and bi‑level layouts
  • Current leases extend into 2027
  • Roof and siding replaced within the past 11 years

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 apartments include lower-level, upper-level, and bi-level layouts, with leases running 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 apartments with lower‑level, upper‑level, and bi‑level layouts; Current leases extend into 2027; Roof and siding replaced within the past 11 years
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