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Multifamily Rooming House
New
For Sale
$480,000

1700 Monroe Street, Stevens Point, WI 54481

Licensed for as many as 24 occupants, the property includes private and shared bathrooms, plus a communal kitchen.

Property Size9,121 SF
Price / SF$52.63
Days on Market2

Property Features for 1700 Monroe Street

General Information

Standard status Active
Size 9,121 SF
Property subtype Commercial

Tenancy & Operations

Currently Operating Yes
Tenant in Place Yes

Additional Details

Average Monthly Rent $400
Utilities to Site Yes

Taxes and HOA fees

Annual Taxes $4,002

Amenities

communal kitchen
updated common bath facilities
Wi-Fi
Storage

Building Details

Building Size 9,121 SF
Year Built 1900
Listing Agency: Prosper Real Estate
Listed By: Daniel Garza
Source: Birchlandrealty
Added: Nov 3 Changed: Nov 4 Last Checked: Nov 4 at 2:23AM

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 Prosper Real Estate

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Investment Insights

Based on property information with market context.

Built in 1900, this licensed multifamily rooming house is approved for up to 24 occupants and contains more than 24 bedrooms. Several rooms have private bathrooms; other residents use updated shared bath facilities. A communal kitchen serves the building. Repairs to the units are underway, and installation of a new boiler is in progress.

The rubber roof was replaced within the past 10 years. Windows and siding were updated in 2003. Room rents include heat, electricity, water, sewer, and Wi-Fi.

Key Highlights

  • Licensed rooming house approved for up to 24 occupants
  • More than 24 bedrooms; several include private bathrooms
  • Updated shared bathrooms and a communal kitchen

Property Analytics

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Lease Details

Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

614
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?
Multifamily property - Licensed for as many as 24 occupants, the property includes private and shared bathrooms, plus a communal kitchen.
Where is this multifamily property located?
The property is located at 1700 Monroe Street Stevens Point, WI.
What is the asking price?
The asking price for this property is $480,000.
What are key features of this property?
This property features: Licensed rooming house approved for up to 24 occupants; More than 24 bedrooms; several include private bathrooms; Updated shared bathrooms and a communal kitchen
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