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6-Unit Apartment Building
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 Market98

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

Additional Details

Tenant in Place Yes

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 Changed: Oct 28 Last Checked: Nov 4 at 8:06AM
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.

Rey
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Investment Insights

Based on property information with market context.

This 6-unit apartment property in Dodgeville includes two 2-bedroom apartments and four 1-bedroom apartments. Built in 1888, the building has an unfinished third story and basement coin-operated laundry. Radiant heating serves the property, and most of the roof has been replaced. The parcel covers 0.29 acres.

Two apartments have been refreshed and are vacant; the remaining tenants occupy month-to-month leases. The property is zoned Commercial. A separate parcel, 216-0116, is excluded from the sale, though the purchaser will have the first opportunity to acquire it if it becomes available in the future.

Key Highlights

  • Six apartments: two 2‑bedroom units and four 1‑bedroom units
  • Unfinished third story
  • Basement coin‑operated laundry

Property Analytics

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Lease Details

6
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

455
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
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?
Apartment building - A two-bedroom and four one-bedroom layout is complemented by basement coin-operated laundry and a partly replaced roof.
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 apartments: two 2‑bedroom units and four 1‑bedroom units; Unfinished third story; Basement coin‑operated laundry
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