Building Details

Year Built 1979

Buildings 1

Units 16

Tenancy Multi

Listing Agency: Adashun Jones, Inc

Listed By: Kevin Jones · License #WI 55540-90 Show Phone

Source: Crexi

Added: Jun 2 Changed: Aug 8 Last Checked: Jul 24 at 3:41PM

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Investment Insights

Based on property information with market context.

This 16-unit apartment complex has undergone extensive renovations with a range of recent exterior and interior improvements. Updates noted include new siding, soffit and fascia, interior and exterior lighting, electrical work, deck railings, and new water heaters. The property also offers on-site parking and includes in-unit washers and dryers for tenants. The overall condition reflects a maintained, move-in-ready approach, with additional details available in the attached updates document.

Located at 228 Enterprise Street in Stockbridge, Wisconsin, the property is positioned for tenants seeking a residential rental setting with practical on-site parking. The combination of in-unit laundry and the documented improvements are designed to support day-to-day livability and reduce routine maintenance needs.

For investors and buyers looking for a turnkey multifamily asset, this property’s recent capital improvements and in-unit amenities are key considerations. The documented work across multiple building systems and the availability of an updates list can help streamline due diligence and maintenance planning. As a residential income property, it may appeal to buyers who prefer to acquire an apartment complex with substantial renovation work already completed.

Key Highlights

• 16‑unit apartment complex built in 1979
• Numerous recent updates, including new siding, soffit, fascia, and interior/exterior lighting
• Electrical updates and new water heaters

Property Analytics

Property Profile

Current Use

Apartment buildings

Suggested Use

Top Pick Plumbing Service Garden Center Grocery & Convenience Store (Bike/Boat/Book/etc) Store Cafe & Coffee Shop Restaurant

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

Lease Details

16

Residential units

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

57

Businesses Nearby

Explore this area Business Placement

Demographics for 53088, WI

279

Population

140

Households

2

Avg Household Size

41

Median Age

17%

College-Educated

92%

High-School Grad

0.2 sq mi

ZIP Area

1,395

Density / Sq Mi

$58,000

Median Household Income

$50,313

Median Earnings

$713

Median Rent

$163,300

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

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Frequently Asked Questions

What type of property is this?

Apartment building - Renovated 16-unit complex with on-site parking and in-unit washers and dryers for tenant convenience.

Where is this apartment building located?

The property is located at 228 ENTERPRISE Street Stockbridge, WI.

What is the asking price?

The asking price for this property is $1,280,000.

What are key features of this property?

This property features: 16‑unit apartment complex built in 1979; Numerous recent updates, including new siding, soffit, fascia, and interior/exterior lighting; Electrical updates and new water heaters