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Eight-Unit Apartment Building
New
For Sale
$299,900

497A Lake St, Montello, WI 53949

Single-story multifamily property with shared living areas, laundry, patios, and front parking on a large lot.

Property SizeContact for details
Days on Market2

Property Features for 497A Lake St

General Information

Standard status Active
Property subtype Land

Units

Unit Mix 8 x 1BR
Multifamily Units 8

Additional Details

Sprinkler System Yes

Amenities

central living/dining room
kitchen
dining room
window air
laundry
pantries
walk out patios
private office

Building Details

Year Built 1997
Stories 1
Construction brick and vinyl
Listed By: Briggs Realty Group
Source: Thebriggsrealtygroup
Added: Sep 5 Last Checked: Sep 5 at 3:13PM

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 Briggs Realty Group

Investment Insights

Based on property information with market context.

Built in 1997, this single-story apartment property contains 8 one-bedroom units arranged around shared living and dining areas. The layout includes a kitchen, dining room, private office, laundry facilities, pantries, and walk-out patios. Each apartment is on one level with no basement, and the building has an all-electric heating system, window air conditioning, and a sprinkler system. Two full bathrooms serve the property, with additional half baths in Apartments 1 and 6.

The brick-and-vinyl building sits on a large lot with blacktop parking along the front. The property is located at 497A Lake St in Montello, Wisconsin, near the Fox River system. The source information also identifies potential applications including rental housing, corporate headquarters, VRBO, and a community-based residential facility.

Key Highlights

  • 8 one‑bedroom apartments
  • Single‑story layout with no basements
  • Shared living and dining areas plus kitchen

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Auto Parts Store Grocery & Convenience Store Bakery (Bike/Boat/Book/etc) Store Garden Center Big Box & Wholesale Store

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

Lease Details

8
Residential units
Yes
Sprinkler system

Location Intelligence

Trade Area within ½ mile

54
Businesses Nearby

Demographics for 53949, WI

6,084
Population
4,088
Households
1.5
Avg Household Size
51
Median Age
14%
College-Educated
91%
High-School Grad
165.1 sq mi
ZIP Area
37
Density / Sq Mi
$62,000
Median Household Income
$41,607
Median Earnings
$797
Median Rent
$202,200
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Single-story multifamily property with shared living areas, laundry, patios, and front parking on a large lot.
Where is this apartment building located?
The property is located at 497A Lake St Montello, WI.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: 8 one‑bedroom apartments; Single‑story layout with no basements; Shared living and dining areas plus kitchen
More about this property
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