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Triplex with Updated Features
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156-158 Cherry Street, Janesville, WI 53548

R3-zoned three-unit property with flexible MTM leases, garage storage, and recent improvements across the home and garage.

Property SizeContact for details
Days on Market89

Property Features for 156-158 Cherry Street

General Information

Standard status Active
Total Parking Spaces 7
Property subtype Multifamily
Zoning R3

Additional Details

Multifamily Units 3

Building Details

Year Built 1890
Units 3
Listing Agency: RE/MAX Top Choice
Listed By: Nicholas Allen · License #57676-90
Source: Crexi
Added: Jun 5 Changed: Aug 29 Last Checked: Aug 31 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 RE/MAX Top Choice

Investment Insights

Based on property information with market context.

This three-unit residential income property dates to 1890 and includes a garage on the main level, along with an additional storage room and upper-level storage. Recent property work includes a new roof on the home and garage, new gutters, and newer windows on the second level. Unit B has a newer range/oven, over-the-range fan, and refrigerator, while the upstairs bathrooms have been updated.

All three units are offered on MTM leases. Unit A is currently vacant, and the other renters have expressed interest in remaining. Tenants handle lawn care and snow removal. The property is zoned R3 and is located near downtown Janesville.

Key Highlights

  • Three‑unit residential property with R3 zoning
  • New roof on both the home and garage, plus new gutters
  • Garage on the main level with bonus storage room and additional upstairs storage

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Furniture & Home Goods Dental Office (Bike/Boat/Book/etc) Store Daycare Center Catering Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

1,438
Businesses Nearby

Demographics for 53548, WI

19,233
Population
8,894
Households
2.2
Avg Household Size
40
Median Age
27%
College-Educated
94%
High-School Grad
75.0 sq mi
ZIP Area
256
Density / Sq Mi
$74,696
Median Household Income
$41,508
Median Earnings
$999
Median Rent
$226,600
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Triplex - R3-zoned three-unit property with flexible MTM leases, garage storage, and recent improvements across the home and garage.
Where is this triplex located?
The property is located at 156-158 Cherry Street Janesville, WI.
What is the asking price?
The asking price for this property is $279,900.
What are key features of this property?
This property features: Three‑unit residential property with R3 zoning; New roof on both the home and garage, plus new gutters; Garage on the main level with bonus storage room and additional upstairs storage
More about this property
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