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Student Housing Complex in Wausau

1636 N 3rd Ave, Wausau, WI 54401

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Premier student housing complex near Northcentral Technical College.

Type:Multifamily

Property size:

75,000 SF

Price / SF:

$89/SF

HighLights

Only student housing complex directly serving Northcentral Technical College (NTC).
Built in 2018, offering modern construction and amenities.
66 units with 200 beds, featuring a mix of 2, 3, and 4‑bed configurations.
Located directly behind Northcentral Technical College.
NTC has a total enrollment of 5,939 students and offers over 190 programs.
NTC is an affordable college with in‑state tuition of $3,723 for the 2023 school year.

We can help!

Contact an agent

Patrick Suffield

For Sale

Contact for pricing

Premier student housing complex near Northcentral Technical College.

Type:Multifamily

Property size:

75,000 SF

Price / SF:

$89/SF

Added:: Mar 6, 2026
Days on Market:: 113
Last Refresh:: Mar 16 at 3:11 pm

Property Features for 1636 N 3rd Ave

General Information

Standard status: Active
Size: 75,000 SF
Property subtype: Multifamily

Building Details

Year Built: 2018

We can help!

Contact an agent

Patrick Suffield

Listing office Marcus & Millichap - Chicago Downtown

Listing date Mar 6, 2026

Source Crexi

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 Marcus & Millichap - Chicago Downtown

HighLights

Only student housing complex directly serving Northcentral Technical College (NTC).
Built in 2018, offering modern construction and amenities.
66 units with 200 beds, featuring a mix of 2, 3, and 4‑bed configurations.
Located directly behind Northcentral Technical College.
NTC has a total enrollment of 5,939 students and offers over 190 programs.
NTC is an affordable college with in‑state tuition of $3,723 for the 2023 school year.

Overview

The Timberwolf Suites is a student housing complex located in Wausau, Wisconsin, situated directly behind Northcentral Technical College. Constructed in 2018, the property comprises 66 units with a total of 200 beds. The unit mix includes 30 two-bed units, 4 three-bed units, and 32 four-bed units. Northcentral Technical College has a total enrollment of 5,939 students and offers over 190 programs. The college has a student-to-faculty ratio of 11:1. Top programs include Registered Nursing, Dental Hygiene, and Psychiatric/Mental Health Services Technician. The college offers in-state tuition of $3,723 for the 2023 school year, and 28% of students receive grants or scholarship aid, with the average award being $4,014. The property size is 75,000 square feet.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$1.08M	$14.40
− Vacancy	−$51.8k	−$0.69
EGI	$1.03M	$13.71
− OpEx	−$462.7k	−$6.17
NOI	$565.5k	$7.54

75,000 SF · lease $14.40/SF/yr · vacancy 4.80% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$8.08M

$7.07M – $9.42M (±1% cap)

NOI $565,488 @ 7.0% cap · market cap 8.44%

Second Best

—

no second resolved use

Theoretical Best

Specialty Retail

$13.86M

$12.12M – $16.17M (±1% cap)

NOI $969,975 @ 7.0% cap · market cap 14.48%

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

Property Profile Location Intelligence

Current Use by Public Records

Timberwolf Suites Student ... Student Housing Center

Suggested Use

Location Insight

Map
Local Demand

City: Wausau
County: Marathon
State: Wisconsin
Longitude: -89.6409561
Latitude: 44.9843799

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For sale
Apartment buildings
WI
Wausau
54401
1636 N 3rd Ave

What type of property is this?

Apartment building - Premier student housing complex near Northcentral Technical College.

Where is this apartment building located?

The property is located at 1636 N 3rd Ave Wausau, WI.

What is the asking price?

The asking price for this property is $6,698,000.

What are key features of this property?

This property features: Only student housing complex directly serving Northcentral Technical College (NTC).; Built in 2018, offering modern construction and amenities.; 66 units with 200 beds, featuring a mix of 2, 3, and 4‑bed configurations.