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16-Unit Apartment Building
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340 Center St, Prentice, WI 54556

Uniform one-bedroom residences with shared kitchen and fiber internet access.

Property Size10,400 SF
Price / SF$107.69
Days on Market9

Property Features for 340 Center St

General Information

Standard status Active
Size 10,400 SF
Property subtype Multifamily
Occupancy 95%
Net Operating Income $83,284

Units

Unit Mix 16 x 1BR/1BA
Multifamily Units 16

Additional Details

Sprinkler System Yes

Amenities

common area with full kitchen
fiber internet

Building Details

Year Built 1994
Buildings 1
Units 16
Listing Agency: Marcus & Millichap - Milwaukee
Listed By: Dan Bowar · License #WI: 97683-94
Source: Crexi
Added: Aug 11 Changed: Aug 15 Last Checked: Aug 19 at 9:41AM

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 16-unit apartment property was built in 1994 and contains sixteen matching one-bedroom, one-bathroom residences. The consistent layouts support a straightforward operating model, while a boiler-fed radiant heating system serves the building. Ownership pays for water and heat; residents are responsible for electric service. Building amenities include a sprinkler system, fiber internet access, and a shared common-area kitchen for tenant use.

The property is located at 340 Center St in Prentice, Wisconsin. Its parking area has been resurfaced with crushed asphalt. The tenant base includes long-term occupants, providing an established occupancy foundation. With a uniform unit mix, shared amenity space, and centralized heating, the asset offers a clearly defined multifamily configuration.

Key Highlights

  • 16‑unit apartment property constructed in 1994
  • Sixteen one‑bedroom, one‑bathroom units with matching layouts
  • Boiler‑fed radiant heating; landlord pays water and heat, tenants pay electric

Property Analytics

Current Use

Briarwood Terrace Apartment Building

Suggested Use

Top Pick HVAC Service Big Box & Wholesale Store Storage Facility Garden Center Building Supply Auto Repair Shop

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
Yes
Sprinkler system

Location Intelligence

Trade Area within ½ mile

84
Businesses Nearby

Demographics for 54556, WI

1,200
Population
823
Households
1.5
Avg Household Size
50
Median Age
11%
College-Educated
94%
High-School Grad
105.0 sq mi
ZIP Area
11
Density / Sq Mi
$52,656
Median Household Income
$38,000
Median Earnings
$721
Median Rent
$127,600
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 - Uniform one-bedroom residences with shared kitchen and fiber internet access.
Where is this apartment building located?
The property is located at 340 Center St Prentice, WI.
What is the asking price?
The asking price for this property is $1,120,000.
What are key features of this property?
This property features: 16‑unit apartment property constructed in 1994; Sixteen one‑bedroom, one‑bathroom units with matching layouts; Boiler‑fed radiant heating; landlord pays water and heat, tenants pay electric
More about this property
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