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405 Sara Ave Star Prairie, WI 54026

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Market rate 10-unit portfolio in Star Prairie, Wisconsin.

Type:Multifamily
Added:
Apr 7, 2026
Days on Market:
16
Last Refresh:
Apr 7 at 8:03 pm

Property Features for 405 Sara Ave

General Information

Standard status
Active
Property subtype
Multifamily

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Listing Contact
Scott M. Anderson
Scott M. Anderson

Listing agent Scott M. Anderson License #License(s): WI: 89852-94, MN: 40666907

Listing office

Listing date Apr 7, 2026

Source Marcusmillichap

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 Scott M. Anderson


Overview

Star Prairie Multifamily Investment Portfolio

This market-rate 10-unit portfolio, comprised of three multifamily investment buildings, is located in the Village of Star Prairie, within the Minneapolis-Saint Paul MSA. Residents benefit from a lower cost of living with convenient access to Highway 64 and I-94 for commuting to the Twin Cities and other parts of Wisconsin. The location benefits from high-volume traffic due to its proximity to US Highway 65, US Highway 8, and US Highway 63. Star Prairie is approximately 25 minutes from Stillwater, MN, and a short drive to New Richmond. The area supports commerce through a major freight rail line (Canadian Nation) and the New Richmond Intermodal & Automotive Facility, as well as the New Richmond Regional Area Airport. Known as the Village along the Apple River, Star Prairie is home to the Cedar Lake Speedway Racetrack and numerous lakes. As a primarily agricultural community, there is a strong demand for rentals from the local workforce, along with recreational opportunities such as boating and fishing on Cedar Lake, and canoeing and kayaking on the Apple River. The multifamily investment buildings were constructed in the late 1990s. The portfolio includes eight two-bedroom condominium-style units and two three-bedroom townhome-style units. With average rents below fair market value, there is an opportunity to increase rents. The property has been well-maintained and stabilized with recent capital improvements. *NEIGHBORING VACANT LAND PARCEL INCLUDED IN SALE*
Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Law Firm Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Big Box & Wholesale Store Department Store Grocery & Convenience Store Food Market

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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City
Star Prairie
County
Polk
State
Wisconsin
Longitude
-92.525627
Latitude
45.191344

FAQs

What type of property is this?
Apartment building - Market rate 10-unit portfolio in Star Prairie, Wisconsin.
Where is this apartment building located?
The property is located at 405 Sara Ave Star Prairie, WI.
What are key features of this property?
This property features: Market Rate 10‑Unit Portfolio comprised of three multifamily investment buildings.; Located within the Minneapolis‑Saint Paul MSA, offering lower cost of living with commuting access to Twin Cities (MN) and Wisconsin.; Proximity to major transportation hubs.
More about this property
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