5-Unit Apartment
For Sale
$550,000
170 S Jackson Street, Janesville, WI 53548
City approval supports the building’s five-apartment configuration, with updated interiors and a newly installed sprinkler system.
Property Size2,950 SF
Price / SF$186.44
Days on Market33
Property Features for 170 S Jackson Street
General Information
Standard status
Active
Size
2,950 SF
Property subtype
Multi-Family
Zoning
Commercial
Additional Details
Sprinkler System
Yes
Multifamily Units
5
Amenities
Fireplace,Range/oven,Refrigerator,Wood or sim. wood floor
Family/Rec rm,Range/oven,Refrigerator,Wood or sim. wood floor
Air conditioning,Range/oven,Refrigerator,Wood or sim. wood floor
100
150
200
300
500
1000
1
5
Full,Other foundation
3
1 Space
1500
Forced air
2
4
Yes
No
11x10
Brick
Municipal sewer,Municipal water
Building Details
Year Built
1850
Listing Agency:
(608) 448-4377
Listed By:
Samanthia Ramsey Brunker
(608) 963-7996
Source:
Brunkerrealtygroup
Added: Oct 1
Changed: Oct 31
Last Checked: Oct 30 at 6:15PM
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 Samanthia Ramsey Brunker
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Dating to 1850, this apartment building has been converted to a five-unit property with City approval. Interior refresh work and unit turnovers have been completed, and a new sprinkler system and landscaping are among the property improvements.
A professional property management company has been engaged to handle ongoing operations. The completed work and management arrangement are key features of the current property setup.
A professional property management company has been engaged to handle ongoing operations. The completed work and management arrangement are key features of the current property setup.
Key Highlights
- City‑approved five‑unit apartment property
- Built in 1850
- Newly installed sprinkler system
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,925
Cap Rate
4.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$478,500
$478.5K
Cap Rate 7%
$341,786
$341.8K
Cap Rate 9%
$265,833
$265.8K
Market Conditions
NOI Build-Up for 2,950 SF
Gross rent
$45.3K $15.36/SF
− Vacancy
−$1.8K −$0.61/SF
EGI
$43.5K $14.75/SF
− OpEx
−$19.6K −$6.64/SF
NOI
$23.9K $8.11/SF
Area
Rock County, WI
Vacancy
4.00%
Lease Rate
$15.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$478,500
Cap Rate 7%
$341,786
Cap Rate 9%
$265,833
Alternative Uses
Best Use
Apartment 5plus
$341.8K
$299.1K – $398.8K
NOI $23,925 @ 7.0% cap · market cap 4.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$708.9K
$620.3K – $827.1K
NOI $49,624 @ 7.0% cap · market cap 9.02%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
5
Residential units
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
1,432
Businesses Nearby
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - City approval supports the building’s five-apartment configuration, with updated interiors and a newly installed sprinkler system.
Where is this apartment building located?
The property is located at 170 S Jackson Street Janesville, WI.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: City‑approved five‑unit apartment property; Built in 1850; Newly installed sprinkler system
