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Six-Unit Second Empire Apartment Building
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For Sale
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401 S Iowa Street, Dodgeville, WI 53533

Commercially zoned property with basement laundry and an unfinished third story.

Property SizeContact for details
Days on Market5

Property Features for 401 S Iowa Street

General Information

Standard status Active
Total Parking Spaces 5
Property subtype Multifamily
Zoning Commercial

Additional Details

Multifamily Units 6

Amenities

coin-operated laundry

Building Details

Year Built 1888
Units 6
Construction Second Empire-style
Listing Agency: Potterton Rule Real Estate LLC
Listed By: Barry Rowe · License #94749-94
Source: Crexi
Added: Jul 30 Changed: Aug 3 Last Checked: Aug 3 at 8:39AM

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 Potterton Rule Real Estate LLC

Investment Insights

Based on property information with market context.

Built in 1888, this six-unit apartment property at 401 S Iowa Street in Dodgeville, Wisconsin features Second Empire architectural character and a commercial zoning designation. The building includes a basement with coin-operated laundry, while the unfinished third story provides additional interior area for future planning subject to buyer verification and local approvals.

Two units have been recently refreshed and are currently vacant. The remaining tenants occupy their units under month-to-month leases. Most of the roof has been replaced, adding a completed improvement to the property’s physical profile. Parcel 216-0116 is excluded from the sale, with the purchaser receiving the first opportunity to acquire it if it later becomes available.

Key Highlights

  • Six‑unit apartment building constructed in 1888
  • Second Empire architectural style
  • Two recently refreshed vacant units

Property Analytics

Current Use

Anytime Fitness Gym & Fitness Center

Suggested Use

Top Pick Electrical Service Spa & Massage Center (Bike/Boat/Book/etc) Store Garden Center Barber Shop Cafe & Coffee 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

6
Residential units

Location Intelligence

Trade Area within ½ mile

159
Businesses Nearby

Demographics for 53533, WI

7,306
Population
3,557
Households
2.1
Avg Household Size
44
Median Age
31%
College-Educated
95%
High-School Grad
142.1 sq mi
ZIP Area
51
Density / Sq Mi
$82,731
Median Household Income
$48,228
Median Earnings
$976
Median Rent
$255,200
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 - Commercially zoned property with basement laundry and an unfinished third story.
Where is this apartment building located?
The property is located at 401 S Iowa Street Dodgeville, WI.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Six‑unit apartment building constructed in 1888; Second Empire architectural style; Two recently refreshed vacant units
More about this property
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