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8-Unit Brick Apartment Building
For Sale
$679,900

241 S Madison St, Waupun, WI 53963

Eight one-bedroom apartments with tenant-paid utilities, shared laundry, secure storage, and private parking.

Property SizeContact for details
Days on Market12

Property Features for 241 S Madison St

General Information

Standard status Active
Property subtype Multi-Family

Units

Unit Mix 8 x 1BR
Multifamily Units 8

Amenities

Wall air units
coin washer and dryer area
private/secure tenant storage area

Building Details

Year Built 1971
Construction brick
Listing Agency: Martin Real Estate
Listed By: Michael L Martin
Source: Nikolicgroup
Added: Aug 19 Changed: Aug 29 Last Checked: Aug 29 at 1:41PM

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 Martin Real Estate

Investment Insights

Based on property information with market context.

This 8-unit brick apartment building was constructed in 1971 and contains an all one-bedroom unit mix. Each residence is equipped with a wall air-conditioning unit, while tenants pay their own utilities. Common amenities include a coin-operated laundry area and a private, secure storage area for tenants.

The property also includes a large private parking lot and is located at 241 S Madison St in Waupun, Wisconsin. Its established apartment configuration and dedicated tenant amenities provide a straightforward multifamily layout for continued rental use.

Key Highlights

  • 8‑unit brick apartment building built in 1971
  • All units are one‑bedroom apartments
  • Tenants pay utilities

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Dental Office Law Firm Real Estate Agency HVAC Service Bakery (Bike/Boat/Book/etc) 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.

Lease Details

8
Residential units

Location Intelligence

Trade Area within ½ mile

342
Businesses Nearby

Demographics for 53963, WI

14,078
Population
4,807
Households
2.9
Avg Household Size
39
Median Age
16%
College-Educated
91%
High-School Grad
89.8 sq mi
ZIP Area
157
Density / Sq Mi
$73,945
Median Household Income
$43,686
Median Earnings
$839
Median Rent
$182,900
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 - Eight one-bedroom apartments with tenant-paid utilities, shared laundry, secure storage, and private parking.
Where is this apartment building located?
The property is located at 241 S Madison St Waupun, WI.
What is the asking price?
The asking price for this property is $679,900.
What are key features of this property?
This property features: 8‑unit brick apartment building built in 1971; All units are one‑bedroom apartments; Tenants pay utilities
More about this property
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