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Triplex with Vacant Lower Unit
For Sale
$179,000

342 E GARFIELD Avenue, Marion, WI 54950

Two occupied residences generate rental income, while the lower-level unit is available for renovation.

Property Size3,100 SF
Price / SF$57.74
Days on Market50

Property Features for 342 E GARFIELD Avenue

General Information

Standard status Active
Size 3,100 SF
Property subtype Multi Family

Property Condition

Severity Repairs Needed
Evidence requires some TLC

Additional Details

Multifamily Units 3

Taxes and HOA fees

Annual Taxes $2,819

Building Details

Building Size 3,100 SF
Year Built 1971
Listing Agency: Adashun Jones, Inc.
Listed By: Frank Adashun · License #91-833299
Source: C21ace
Added: Sep 1 Changed: Oct 10 Last Checked: Oct 19 at 1:21PM

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 Adashun Jones, Inc.

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Investment Insights

Based on property information with market context.

This three-unit multifamily property contains approximately 3,100 square feet and was built in 1971. Two units are occupied, while the lower-level residence is vacant and requires some work. Unit 2 measures 1,325 square feet and includes a lower-level bonus room.

Current tenants pay their own utilities, including water. The property is offered in as-is condition, with existing rental income and a vacant unit that may be renovated for continued use. Located at 342 E Garfield Avenue in Marion, Wisconsin, the property can suit an owner-occupant or investor seeking a multifamily building with both occupied and vacant units.

Key Highlights

  • Three‑unit multifamily property with approximately 3,100 square feet
  • Two units are occupied and provide existing rental income
  • Lower‑level unit is vacant and requires some TLC

Property Analytics

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Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

89
Businesses Nearby

Demographics for 54950, WI

3,086
Population
1,357
Households
2.3
Avg Household Size
44
Median Age
12%
College-Educated
90%
High-School Grad
81.8 sq mi
ZIP Area
38
Density / Sq Mi
$65,815
Median Household Income
$41,875
Median Earnings
$732
Median Rent
$151,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Triplex - Two occupied residences generate rental income, while the lower-level unit is available for renovation.
Where is this triplex located?
The property is located at 342 E GARFIELD Avenue Marion, WI.
What is the asking price?
The asking price for this property is $179,000.
What are key features of this property?
This property features: Three‑unit multifamily property with approximately 3,100 square feet; Two units are occupied and provide existing rental income; Lower‑level unit is vacant and requires some TLC
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