Building Details

Year Built 1880

Buildings 1

Listing Agency: NextHome Prime Real Estate t***@nhprimewi.com Show Phone

Listed By: Tina Allbaugh · License #90648-94

Source: Crexi

Added: May 26 Changed: Aug 31 Last Checked: Aug 31 at 7:17AM

Report an Issue

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 NextHome Prime Real Estate

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

Property Profile

Current Use

Apartment buildings

Suggested Use

Top Pick Big Box & Wholesale Store

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

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

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this apartment buildings located? What is the asking price? Find similar properties ... What are key features of this property?

Ask Rey about this property ...

Similar For Sale Nearby

Single-Tenant Dollar General Retail

106 N Royal Avenue, Gays Mills, WI 54631

Contact for pricing

9,100 SF

View details

Flex Space with Loading Dock

48524 Appleland Dr, Gays Mills, WI 54631

Contact for pricing

11,344 SF

View details

Turnkey Veterinary Clinic Property

421 Main St, Gays Mills, WI 54631

$334,900

View details

Brick Church Building with Basement

320 S Rebecca St, Gays Mills, WI 54631

Contact for pricing

View details

Updated Retail Space

225 2nd St, Gays Mills, WI 54631

Contact for pricing

View details

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.