West Central Wisconsin Multifamily
For Sale
Contact for pricing
346 N Second St, Spring Valley, WI 54767
Market rate 29-unit portfolio in West Central Wisconsin.
Property SizeContact for details
Days on Market153
Property Features for 346 N Second St
General Information
Standard status
Active
Property subtype
Multifamily
Amenities
Marcus & Millichap is Proud to Present this Exclusive Listing of the West Central Wisconsin Portfolio, Which is a Market Rate 29-Unit Portfolio, Comprised of Three Multifamily Investment Buildings.
The Portfolio is Comprised of Twenty-One (21) One-Bedroom Apartments and Eight Two-Bedroom Apartments.
With Average Rents Below Fair Market, the Ideal Buyer will Take over Ownership and Maximize Value by Increasing the Rents Steadily over Time.
Listed By:
Scott Anderson · License #License(s): WI: 89852-94, MN: 40666907
(952) 852-9730
Source:
Marcusmillichap
Added: Apr 7
Changed: Sep 3
Last Checked: Sep 6 at 3:53AM
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 Scott Anderson
Investment Insights
Based on property information with market context.
The West Central Wisconsin Portfolio is comprised of three multifamily investment buildings with a total of 29 units. The portfolio consists of twenty-one one-bedroom apartments and eight two-bedroom apartments. Located between the Minneapolis-Saint Paul MSA and the Eau Claire-Menomonie MSA, Spring Valley and Elmwood benefit from a lower cost of living and convenient access to Highway 10 and I-94 for commuting to the Twin Cities or across Wisconsin. The Eau Claire-Menomonie MSA experiences high traffic volume due to its location as a west-central hub in Wisconsin, with easy access to the I-94 corridor for travel to the Minneapolis-Saint Paul MSA or Eau Claire. Menomonie, approximately 25 minutes away, is home to the University of Wisconsin – Stout and Chippewa Valley Technical College. Spring Valley and Elmwood are primarily agricultural communities with strong rental demand from the local workforce and recreational opportunities. Local landmarks include the Eau Galle River, Eau Galle Beach, Eau Galle Reservoir, and Crystal Cave. The apartment buildings, constructed in the late 1970s and early 1980s, offer amenities such as common area rooms with potential for apartment conversions and green space for tenant recreation. The portfolio has been well-maintained and stabilized with capital improvements in recent years. The seller is seeking an as-is sale with a qualified buyer.
Key Highlights
- 29‑unit market rate portfolio across three multifamily buildings.
- Value‑add opportunity through rent increases.
- Stabilized property with recent capital improvements.**
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
127
Businesses Nearby
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Business Placement
Demographics for 54767, WI
3,295
Population
1,496
Households
2.2
Avg Household Size
43
Median Age
29%
College-Educated
98%
High-School Grad
83.8 sq mi
ZIP Area
39
Density / Sq Mi
$86,417
Median Household Income
$51,045
Median Earnings
$881
Median Rent
$243,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Market rate 29-unit portfolio in West Central Wisconsin.
Where is this apartment building located?
The property is located at 346 N Second St Spring Valley, WI.
What are key features of this property?
This property features: 29‑unit market rate portfolio across three multifamily buildings.; Value‑add opportunity through rent increases.; Stabilized property with recent capital improvements.**
