416 Oak St, Ripon, WI 54971

Located in Ripon, Wisconsin, 416 Oak Street presents a sixteen-unit multifamily investment opportunity. The two-story building, situated on approximately 1.33 acres, totals approximately 13,200 square feet. The property features an attractive unit mix with varying square footage, including townhome-style units with separate entrances. The property benefits from consistent rental demand from students, faculty, and residents due to its proximity to Ripon College. The property is located in a limited-inventory multifamily market, which contributes to strong occupancy levels and stable long-term rental fundamentals. Many units at the property have undergone interior improvements including updated cabinetry, flooring, windows, electrical upgrades, and other enhancements. Meanwhile, several units remain in original condition, providing an opportunity for additional renovations and increased rental income. The building also features durable brick and vinyl siding construction. The property benefits from a favorable expense structure with electric baseboard heating, where tenants are responsible for electric utilities while the landlord covers gas and water. With its desirable unit layouts, proximity to Ripon College, and remaining value-add potential through continued unit upgrades, 416 Oak Street presents a compelling multifamily investment opportunity in a stable Wisconsin rental market.