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Updated 4-Unit Apartment Building
For Sale
$250,000

331 E Pearl St, Neshkoro, WI 54960

Two-level apartment property with basement storage, laundry hookups, and off-street parking.

Property SizeContact for details
Days on Market17

Property Features for 331 E Pearl St

General Information

Standard status Active
Property subtype Multi-Family

Building Details

Year Built 1930
Listing Agency: First Weber Inc
Listed By: Jennifer Sagissor
Source: Madisonareahomesforsale
Added: Aug 14 Changed: Aug 29 Last Checked: Aug 25 at 7:06AM

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 First Weber Inc

Investment Insights

Based on property information with market context.

Built in 1930, this four-unit apartment property includes two upper-level residences and two lower-level residences. The unit mix consists of two two-bedroom, one-bath apartments and two one-bedroom, one-bath apartments. Both two-bedroom units have received new flooring and fresh paint. The building is served by a boiler heating system, and some water heaters have been replaced.

The basement provides substantial storage space along with laundry hookups that are not currently in use. Off-street parking serves the property, while the garage requires work. The property is within walking distance of dining, shopping, and everyday amenities. Tenant history includes one two-bedroom occupant in place for 17 years and two additional occupants with tenancies exceeding 4 years.

Key Highlights

  • Four‑unit property with two 2‑bedroom/1‑bath and two 1‑bedroom/1‑bath apartments
  • Two upper‑level units and two lower‑level units
  • Both 2‑bedroom apartments updated with new flooring and fresh paint

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Building Supply Auto Repair Shop Grocery & Convenience Store Garden Center (Bike/Boat/Book/etc) Store 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

65
Businesses Nearby

Demographics for 54960, WI

2,729
Population
2,192
Households
1.2
Avg Household Size
56
Median Age
17%
College-Educated
93%
High-School Grad
102.7 sq mi
ZIP Area
27
Density / Sq Mi
$61,250
Median Household Income
$38,341
Median Earnings
$794
Median Rent
$205,500
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?
Quadplex - Two-level apartment property with basement storage, laundry hookups, and off-street parking.
Where is this quadplex located?
The property is located at 331 E Pearl St Neshkoro, WI.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Four‑unit property with two 2‑bedroom/1‑bath and two 1‑bedroom/1‑bath apartments; Two upper‑level units and two lower‑level units; Both 2‑bedroom apartments updated with new flooring and fresh paint
More about this property
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