Turnkey Six-Unit Apartment
415 Market Street La Crosse, WI 54601
415 Market Street, La Crosse, WI, 54601
$900,000
For Sale
$900,000
Fully occupied six-unit building with remodeled, furnished apartments and utility-inclusive amenities.
Property Size3,484 SF
Price / SF$258.32
Days on Market60
Property Features for 415 Market Street
General Information
- Standard status
- Active
- Size
- 3,484 SF
- Property subtype
- Multi-Family / Multi-Family
Building Details
- Year Built
- 1940
Listing agency
@properties La Crosse
(608) 780-7274
Listed by
Heather Nokken · License #82028-94
(608) 780-7274
Source
Compass
Added: May 23 Updated: Jul 10 at 1:50PM Checked: Jul 19 at 5:01AM
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 @properties La Crosse
Investment Insights
Based on property information with market context.
This turnkey six-unit apartment building is fully occupied and includes three 1-bedroom units and three 2-bedroom units. Extensive updates were completed between 2023 and 2025, and each unit is remodeled and offered fully furnished with kitchenware, linens, smart TVs, and Wi-Fi. Utilities are included, supporting an easy, plug-in living experience.
The property also offers shared laundry facilities and security cameras, along with high-speed internet. An additional large basement area includes multiple rooms, a bathroom with sink, and a kitchenette, creating flexibility for storage, maintenance, office space, or other potential uses subject to approvals.
For buyers seeking a ready-to-operate residential income property, the combination of recent updates, current occupancy, and furnished, amenity-supported units can reduce near-term friction in tenant onboarding and day-to-day management. The basement configuration adds practical space for operations and flexibility, depending on a buyer’s intended use and applicable approvals.
The property also offers shared laundry facilities and security cameras, along with high-speed internet. An additional large basement area includes multiple rooms, a bathroom with sink, and a kitchenette, creating flexibility for storage, maintenance, office space, or other potential uses subject to approvals.
For buyers seeking a ready-to-operate residential income property, the combination of recent updates, current occupancy, and furnished, amenity-supported units can reduce near-term friction in tenant onboarding and day-to-day management. The basement configuration adds practical space for operations and flexibility, depending on a buyer’s intended use and applicable approvals.
Key Highlights
- Fully occupied six‑unit building with three 1‑bedroom and three 2‑bedroom units
- Extensive updates completed between 2023 and 2025, with all units remodeled
- Units are offered fully furnished (kitchenware, linens, smart TVs, and Wi‑Fi) with utilities included
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $54.8k | $15.72 |
| − Vacancy | −$3.3k | −$0.94 |
| EGI | $51.5k | $14.78 |
| − OpEx | −$23.2k | −$6.65 |
| NOI | $28.3k | $8.13 |
3,484 SF · lease $15.72/SF/yr · vacancy 6.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$404.5K
$353.9K – $471.9K
NOI $28,315 @ 7.0% cap · market cap 3.15%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$762.0K
$666.7K – $889.0K
NOI $53,337 @ 7.0% cap · market cap 5.93%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
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FAQs
What type of property is this?
Apartment building - Fully occupied six-unit building with remodeled, furnished apartments and utility-inclusive amenities.
Where is this apartment building located?
The property is located at 415 Market Street La Crosse, WI.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Fully occupied six‑unit building with three 1‑bedroom and three 2‑bedroom units; Extensive updates completed between 2023 and 2025, with all units remodeled; Units are offered fully furnished (kitchenware, linens, smart TVs, and Wi‑Fi) with utilities included
