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Six-Unit Apartment Building
New
For Sale
$525,000

401 S Iowa Street, Dodgeville, WI 53533

MULTI_FAMILY - Dodgeville, WI

Property SizeContact for details
Lot Size0.29 Acres
Days on Market5

Property Features for 401 S Iowa Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning Commercial
Appliances 6
Subdivision Burrall's Addition
Elementary school Dodgeville
Middle school Dodgeville
High school Dodgeville
Elementary school district Dodgeville
Middle school district Dodgeville
High school district Dodgeville
Directions Head south through Dodgeville on hwy 23, property is on the southeast corner of the Clearance and Iowa St intersection.
Standard status Active
APN 2160117
Lot size 0.29 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 4155

Utilities

Heating system Radiant

Amenities

coin-operated laundry

Building Details

Year built 1888
Number of units 6
Listing Agency: Potterton Rule Real Estate LLC
Listed By: Barry Rowe · License #94749-94
Added: Jul 30 Last Checked: Aug 3 at 5:06PM
MLS# 2029259

Copyright © 2026 REALTORS® Association of South Central Wisconsin. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This six-unit apartment building offers classic Second Empire-style character and includes an unfinished third story that could be developed into additional rental living space, subject to buyer verification and local approvals. Radiant heating is installed throughout, and there is coin-operated laundry in the basement. Two units have recently been refreshed and are currently vacant. The property’s roof has had major portions replaced.

All current tenants are on month-to-month leases, which can provide flexibility for future plans. The unfinished third story and lease flexibility may be of particular interest to buyers evaluating how to phase updates and occupancy.

Lot size is 0.29 acres. Parcel 216-0116 is not included in the sale, though the purchaser will have the first opportunity to buy that parcel if it becomes available in the future.

Key Highlights

  • Six‑unit apartment building with an unfinished third story for potential additional living space
  • 0.29‑acre lot
  • Year built: 1888

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
Multi-tenant
Tenancy

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
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Commercial-zoned six-unit building with radiant heat, basement coin-operated 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 with an unfinished third story for potential additional living space; 0.29‑acre lot; Year built: 1888
More about this property
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