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    Stevens Point Multifamily Investment Title is generated by Realmo AI

    1532 COLLEGE AVENUE, Stevens Point, WI 54481

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    For Sale
    $925,000

    MULTI_FAMILY - Stevens Point, WI

    Added:
    Jul 31, 2025
    Days on Market:
    295
    Last Refresh:
    May 21 at 7:06 pm

    Property Features for 1532 COLLEGE AVENUE

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    19
    Bathrooms
    7
    Rooms
    Bathroom 7, Bathroom 4, Bedroom 5, Bedroom 4, Bedroom 9, Bedroom 1, Bedroom 19, Bedroom 3, Bedroom 8, Bedroom 10, Bedroom 2, Bathroom 3, Bedroom 18, Bedroom 17, Bathroom 6, Bedroom 15, Basement, Bathroom 2, Bedroom 16, Bedroom 6, Bedroom 13, Bedroom 12, Bedroom 14, Bedroom 7, Bathroom 1, Bedroom 11, Bathroom 5
    Parking features
    Parking Lot
    Patio and Porch features
    Porch, Deck, Patio
    Appliances
    Refrigerator, Range
    Standard status
    Active

    Taxes and HOA fees

    Tax Year
    2025

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    1900
    Floors in Building
    2
    Number of units
    6
    Building materials
    Brick, Vinyl
    Roof type
    Shingle

    We can help!

    Listing Contact
    TEAM KITOWSKI

    Listing agent TEAM KITOWSKI License #5272890

    Listing office KPR BROKERS, LLC 2417 Post Rd, Stevens Point, WI

    Listing date Jul 31, 2025

    MLS# 22503545 Listing URL

    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.

    HighLights

    • Turn‑key investment with fully leased units until August 2027, ensuring immediate and consistent rental income.
    • Very positive cash flow with lease revenues.
    • Prime location near UWSP, downtown Stevens Point, shopping, and the YMCA, attracting a steady stream of renters.
    • Package deal includes two properties: a 4‑unit building and two separate houses, offering diverse rental options.
    • Strong rental history in a high‑demand area, indicating consistent occupancy and income potential.
    • On‑site coin‑operated laundry and shared parking area provide convenient amenities for tenants.

    Overview

    This investment opportunity features two rental properties in Stevens Point. Located near UWSP, downtown, shopping, and the YMCA, the properties at 1532 College Ave and 1101/1101A offer a combined total of six units. 1532 College Ave is a 4-unit property with layouts ranging from 2-bedroom, 1-bath units to a 4-bedroom, 2-bath unit. Across the street, 1101/1101A includes two separate houses, one with 1-3 bedrooms and 1 bath, and the other with 1-4 bedrooms and 1 bath. Both properties provide on-site coin-operated laundry and share a common parking area. All units are fully leased with leases signed through August 2027. Situated in a high-demand rental area, these properties have a strong rental history. The properties are sold together as one package.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Stevens Point
    County
    Portage
    State
    Wisconsin
    Longitude
    -89.576905
    Latitude
    44.524532

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    FAQs

    What type of property is this?
    Apartment building - Two well-maintained rental properties near UWSP with leases through 2027.
    Where is this apartment building located?
    The property is located at 1532 COLLEGE AVENUE Stevens Point, WI.
    What is the asking price?
    The asking price for this property is $925,000.
    What are key features of this property?
    This property features: Turn‑key investment with fully leased units until August 2027, ensuring immediate and consistent rental income.; Very positive cash flow with lease revenues.; Prime location near UWSP, downtown Stevens Point, shopping, and the YMCA, attracting a steady stream of renters.
    (715) 598-6367
    We can help!
    Listing Contact
    TEAM KITOWSKI
    Real Estate License ID: 5272890
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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