24-Unit Apartment
For Sale
Contact for pricing
Pending
331 Bly St, Waupun, WI 53963
Remodeled apartments include individual kitchen appliances, baseboard heat, sleeve air conditioning, and shared coin-operated laundry.
Property Size51,448 SF
Lot Size2.65 Acres
Days on Market142
Property Features for 331 Bly St
General Information
Standard status
Pending
Size
51,448 SF
Total Parking Spaces
24
Lot size
2.65 Acres
Property subtype
Multifamily
Units
Unit Mix
19 x studio, 4 x 1BR with Den/1BA, 1 x 2BR/1BA
Multifamily Units
24
Amenities
laundry room
Building Details
Year Built
1954
Year Renovated
2021
Buildings
1
Construction
brick
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Milwaukee
Listed By:
David Fischer · License #87032-94
Source:
Crexi
Added: Apr 11
Changed: Aug 29
Last Checked: Aug 29 at 7:45PM
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 Marcus & Millichap - Milwaukee
Investment Insights
Based on property information with market context.
This 24-unit apartment property occupies 2.648 acres and includes 51,448 square feet across a building constructed in 1954. The front section was converted from an assisted-living facility and remodeled into market-rate apartments in 2021. Its unit mix includes 19 studios, four one-bedroom units with dens, and one two-bedroom unit. Each apartment includes a refrigerator and stove, while 18 units also have microwaves. A gas-fired boiler provides baseboard heat, and each living room has a sleeve air conditioner. The property also includes a laundry room with two owned coin-operated washers and two owned coin-operated dryers, along with approximately 24 surface parking spaces on asphalt.
The middle section is vacant and was formerly used as a skilled nursing facility. Approximately six self-storage units are leased, with potential for approximately 60 additional units. The owner has also stated that six more apartments have been planned and approved in part of the front section, while the middle section could be converted into an estimated 30 additional apartments. The rear section contains a commercial kitchen and banquet hall.
The middle section is vacant and was formerly used as a skilled nursing facility. Approximately six self-storage units are leased, with potential for approximately 60 additional units. The owner has also stated that six more apartments have been planned and approved in part of the front section, while the middle section could be converted into an estimated 30 additional apartments. The rear section contains a commercial kitchen and banquet hall.
Key Highlights
- 24‑unit apartment building on 2.648 acres with 51,448 square feet
- 2021 conversion and remodeling of the front section into market‑rate apartments
- Unit mix includes 19 studios, 4 one‑bedroom units with dens, and 1 two‑bedroom unit
Property Analytics
Current Use
Lease Details
24
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
444
Businesses Nearby
Explore this area
Business Placement
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 Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Remodeled apartments include individual kitchen appliances, baseboard heat, sleeve air conditioning, and shared coin-operated laundry.
Where is this apartment building located?
The property is located at 331 Bly St Waupun, WI.
What are key features of this property?
This property features: 24‑unit apartment building on 2.648 acres with 51,448 square feet; 2021 conversion and remodeling of the front section into market‑rate apartments; Unit mix includes 19 studios, 4 one‑bedroom units with dens, and 1 two‑bedroom unit
