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5-Unit Apartment Building
For Sale
$379,900

500 South 2nd Street, Watertown, WI 53094

Income-producing multifamily property with four unit types and one currently vacant unit.

Property Size4,356 SF
Price / SF$87.21
Days on Market193

Property Features for 500 South 2nd Street

General Information

Standard status Active
Size 4,356 SF
Property subtype Multi-Family / Multi-Family

Additional Details

Multifamily Units 5

Amenities

Full, Yes
Brick

Building Details

Year Built 1940
Listing Agency: Realty Executives Platinum
Listed By: Bradley Kuenzi · License #51099-90
Source: Compass
Added: Feb 18 Changed: Aug 30 Last Checked: Aug 30 at 9:40AM

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 Realty Executives Platinum

Investment Insights

Based on property information with market context.

This 5-unit apartment property was built in 1940 and contains 4,356 square feet. The building includes four unit types, providing a varied configuration within the asset. Unit 5 is currently vacant, while the remaining units are identified as part of the existing rental operation.

The property is located at 500 South 2nd Street in Watertown, Wisconsin. The building’s established construction date and multiple-unit layout provide a straightforward multifamily format for continued rental use.

Key Highlights

  • 5‑unit apartment property
  • 4,356 square feet
  • Four unit types

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick 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

5
Residential units

Location Intelligence

Trade Area within ½ mile

2
Businesses Nearby

Demographics for 53094, WI

18,510
Population
7,387
Households
2.5
Avg Household Size
39
Median Age
22%
College-Educated
92%
High-School Grad
88.8 sq mi
ZIP Area
208
Density / Sq Mi
$71,973
Median Household Income
$40,673
Median Earnings
$1,039
Median Rent
$223,900
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

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

What type of property is this?
Apartment building - Income-producing multifamily property with four unit types and one currently vacant unit.
Where is this apartment building located?
The property is located at 500 South 2nd Street Watertown, WI.
What is the asking price?
The asking price for this property is $379,900.
What are key features of this property?
This property features: 5‑unit apartment property; 4,356 square feet; Four unit types
More about this property
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