Building Details

Year Built 1880

Buildings 1

Listing Agency: NextHome Prime Real Estate

Listed By: Tina Allbaugh · License #90648-94 Show Phone

Source: Crexi

Added: May 26 Changed: Oct 2 Last Checked: Oct 19 at 7:02AM

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Investment Insights

Based on property information with market context.

This income-producing property, originally one of Mt. Sterling's historic hotels, offers multiple rental opportunities. The property features 4 single-bedroom units and 1 two-bedroom unit. A dedicated office space is included, along with individual mailboxes for each tenant and the office. On-site, coin-operated laundry provides added convenience. Four off-street parking spaces are available for tenants and visitors. This property, located in Mt. Sterling, offers historic character and established rental potential, providing flexibility for investors seeking to expand their portfolio.

Key Highlights

• Income‑producing property with established rental history.
• Multiple rental units: featuring 4 single‑bedroom and 1 two‑bedroom apartments.
• Includes dedicated office space.

Property Analytics

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Location Intelligence

Trade Area within ½ mile

3

Businesses Nearby

Explore this area Business Placement

Demographics for 54631, WI

1,753

Population

997

Households

1.8

Avg Household Size

42

Median Age

16%

College-Educated

92%

High-School Grad

104.0 sq mi

ZIP Area

17

Density / Sq Mi

$61,319

Median Household Income

$41,742

Median Earnings

$829

Median Rent

$165,100

Median Home Value

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?

Apartment building - Income-producing property with multiple rental opportunities in Mt. Sterling.

Where is this apartment building located?

The property is located at 202 Diagonal Street Gays Mills, WI.

What is the asking price?

The asking price for this property is $325,000.

What are key features of this property?

This property features: Income‑producing property with established rental history.; Multiple rental units: featuring 4 single‑bedroom and 1 two‑bedroom apartments.; Includes dedicated office space.