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Eight-Unit Apartment Building
For Sale
$650,000

403 W Saint George Avenue, Grantsburg, WI 54840

Multifamily property featuring four renovated units and recent building improvements.

Property SizeContact for details
Days on Market16

Property Features for 403 W Saint George Avenue

General Information

Standard status Active
Property subtype Commercial
Zoning Residential-Multi-Family

Taxes and HOA fees

Annual Taxes $5,378

Building Details

Year Built 1962
Units 8
Listing Agency: RE/MAX Synergy
Listed By: Miranda Gray
Source: Ivyrealestategroup
Added: Aug 8 Changed: Aug 18 Last Checked: Aug 23 at 12:51PM

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 RE/MAX Synergy

Investment Insights

Based on property information with market context.

This 8-unit apartment building, constructed in 1962, supports an established rental operation with four units that have been completely renovated. Recent improvements have been completed throughout the property, and rents have increased as part of the updates. The building also offers storage-related income potential and other opportunities identified for the property.

Zoned Residential-Multi-Family, the asset is located at 403 W Saint George Avenue in Grantsburg, Wisconsin. Its existing apartment configuration and completed unit renovations provide a defined operating framework for an owner seeking a multifamily property with improvements already in place.

Key Highlights

  • 8‑unit apartment building constructed in 1962
  • Four completely renovated units
  • Recent property improvements completed

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Electrical Service Plumbing Service Hair Salon Bakery (Bike/Boat/Book/etc) Store Law Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

184
Businesses Nearby

Demographics for 54840, WI

4,702
Population
2,770
Households
1.7
Avg Household Size
48
Median Age
20%
College-Educated
92%
High-School Grad
255.2 sq mi
ZIP Area
18
Density / Sq Mi
$63,988
Median Household Income
$38,865
Median Earnings
$833
Median Rent
$180,800
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 - Multifamily property featuring four renovated units and recent building improvements.
Where is this apartment building located?
The property is located at 403 W Saint George Avenue Grantsburg, WI.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 8‑unit apartment building constructed in 1962; Four completely renovated units; Recent property improvements completed
More about this property
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