Brick 3-Unit Income
314 Roosevelt Avenue Beloit, WI 53511
For Sale
$325,000
Three clean units in good condition, with tenants paying utilities except water, plus a 2-car garage and storage basement.
Property Size1,840 SF
Price / SF$176.63
Days on Market70
Property Features for 314 Roosevelt Avenue
General Information
- Standard status
- Active
- Size
- 1,840 SF
- Property subtype
- Multi Family / Apartment building
Building Details
- Year Built
- 1948
Listing Agency:
Walker Realty Group, LLC
(608) 563-0013
Listed By:
Mike Heiman · License #88657-94
(608) 563-0013
Source:
Compass
Added: May 16
Changed: Jul 23
Last Checked: Jul 23 at 8:12AM
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 Walker Realty Group, LLC
Investment Insights
Based on property information with market context.
This brick 3-unit income property is offered in good condition and is set up as three separate rental units. Tenants pay all utilities except water, and the units are described as clean. The property also includes a 2-car garage and a basement with storage units.
Additional space in the basement provides the opportunity for coin-operated laundry, per the property remarks. Located at 314 Roosevelt Avenue in Beloit, WI 53511.
Overall, the building offers a straightforward multifamily setup with on-site parking in the form of a 2-car garage and practical lower-level storage, alongside the option to add laundry operations if desired.
Additional space in the basement provides the opportunity for coin-operated laundry, per the property remarks. Located at 314 Roosevelt Avenue in Beloit, WI 53511.
Overall, the building offers a straightforward multifamily setup with on-site parking in the form of a 2-car garage and practical lower-level storage, alongside the option to add laundry operations if desired.
Key Highlights
- Brick 3‑unit building built in 1948
- Tenants pay all utilities except water
- Includes 2‑car garage and full basement with storage area
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $25.4k | $13.80 |
| − Vacancy | −$1.1k | −$0.62 |
| EGI | $24.2k | $13.18 |
| − OpEx | −$7.3k | −$3.95 |
| NOI | $17.0k | $9.23 |
1,840 SF · lease $13.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$242.5K
$212.2K – $282.9K
NOI $16,975 @ 7.0% cap · market cap 5.22%
Second Best
Apartment 5plus
$213.2K
$186.5K – $248.7K
NOI $14,923 @ 7.0% cap · market cap 4.59%
Theoretical Best
Office A
$442.2K
$386.9K – $515.9K
NOI $30,952 @ 7.0% cap · market cap 9.52%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Three clean units in good condition, with tenants paying utilities except water, plus a 2-car garage and storage basement.
Where is this triplex located?
The property is located at 314 Roosevelt Avenue Beloit, 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: Brick 3‑unit building built in 1948; Tenants pay all utilities except water; Includes 2‑car garage and full basement with storage area
