18-Unit Apartment
For Sale
$1,850,000
3701 Robert Pl, Stevens Point, WI 54481
Leased apartment property with on-site coin-operated laundry.
Property Size13,616 SF
Price / SF$135.87
Days on Market142
Property Features for 3701 Robert Pl
General Information
Standard status
Active
Size
13,616 SF
Property subtype
Residential Income
Occupancy
100%
Units
Unit Mix
13 x 1BR/1BA, 5 x 2BR/1BA
Multifamily Units
18
Taxes and HOA fees
Annual Taxes
$20,497
Amenities
on-site laundry
Building Details
Tenancy
Multi
Listing Agency:
KPR BROKERS, LLC
Listed By:
TEAM KITOWSKI · License #5272890
(715) 598-6367
Source:
Exprealty
Added: May 19
Changed: Oct 2
Last Checked: Oct 7 at 12:49PM
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 KPR BROKERS, LLC
Investment Insights
Based on property information with market context.
Located at 3701 Robert Pl in Stevens Point, Wisconsin, this apartment building contains 18 units and was built in 1966. The configuration includes 13 one-bedroom, one-bath apartments measuring 600 square feet each, along with 5 two-bedroom, one-bath apartments measuring 720 square feet each.
All units are currently leased, with several long-term tenants in place. Coin-operated laundry facilities are located on the lower level. The property has access to nearby parks, schools, shopping, and grocery stores, and is zoned Commercial.
All units are currently leased, with several long-term tenants in place. Coin-operated laundry facilities are located on the lower level. The property has access to nearby parks, schools, shopping, and grocery stores, and is zoned Commercial.
Key Highlights
- 18‑unit apartment building constructed in 1966
- 13 one‑bedroom, one‑bath units at 600 square feet each
- 5 two‑bedroom, one‑bath units at 720 square feet each
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$101,261
Cap Rate
5.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,025,220
$2.0M
Cap Rate 7%
$1,446,586
$1.4M
Cap Rate 9%
$1,125,122
$1.1M
Market Conditions
NOI Build-Up for 13,616 SF
Gross rent
$196.1K $14.40/SF
− Vacancy
−$12.0K −$0.88/SF
EGI
$184.1K $13.52/SF
− OpEx
−$82.8K −$6.08/SF
NOI
$101.3K $7.44/SF
Area
Portage County, WI
Vacancy
6.10%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,025,220
Cap Rate 7%
$1,446,586
Cap Rate 9%
$1,125,122
Alternative Uses
Best Use
Apartment 5plus
$1.45M
$1.27M – $1.69M
NOI $101,261 @ 7.0% cap · market cap 5.47%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.65M
$2.32M – $3.09M
NOI $185,488 @ 7.0% cap · market cap 10.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
18
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
268
Businesses Nearby
Explore this area
Business Placement
Demographics for 54481, WI
28,100
Population
12,697
Households
2.2
Avg Household Size
32
Median Age
38%
College-Educated
96%
High-School Grad
65.6 sq mi
ZIP Area
428
Density / Sq Mi
$57,234
Median Household Income
$29,506
Median Earnings
$853
Median Rent
$191,700
Median Home Value
Check the figures for this property
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Leased apartment property with on-site coin-operated laundry.
Where is this apartment building located?
The property is located at 3701 Robert Pl Stevens Point, WI.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: 18‑unit apartment building constructed in 1966; 13 one‑bedroom, one‑bath units at 600 square feet each; 5 two‑bedroom, one‑bath units at 720 square feet each
