Well-Kept Three-Unit Residential
513 Center Janesville Wi 53548 Janesville, WI 53548
For Sale
$259,000
Three fully rented units with shared basement laundry and a detached two-car garage.
Property Size2,234 SF
Price / SF$115.94
Days on Market122
Property Features for 513 Center Janesville Wi 53548
General Information
- Standard status
- Active
- Size
- 2,234 SF
- Property subtype
- Multi Family / 2 story
Building Details
- Year Built
- 1860
Listing Agency:
Briggs Realty Group, Inc
(608) 449-9656
Listed By:
Chris Campbell · License #93500-94
(608) 449-9656
Source:
Compass
Added: Mar 24
Changed: Jul 23
Last Checked: Jul 23 at 4:45AM
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, Inc
Investment Insights
Based on property information with market context.
Well-kept three-unit residential property that is fully rented. The basement includes shared laundry facilities. Unit A and Unit C are accessed from the front, with Unit A located upstairs and Unit C on the main floor. Unit B enters through the back and is on the main floor.
The property is described as having a central location. A detached two-car garage is included.
The building’s layout supports separate unit access with front entries for Units A and C and a back entry for Unit B, with shared laundry in the basement.
The property is described as having a central location. A detached two-car garage is included.
The building’s layout supports separate unit access with front entries for Units A and C and a back entry for Unit B, with shared laundry in the basement.
Key Highlights
- Well‑kept 3‑unit property that is fully rented
- Shared basement laundry available for residents
- Detached 2‑car garage
Financial Insights For Multifamily LT 5
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 | $30.8k | $13.80 |
| − Vacancy | −$1.4k | −$0.62 |
| EGI | $29.4k | $13.18 |
| − OpEx | −$8.8k | −$3.95 |
| NOI | $20.6k | $9.23 |
2,234 SF · lease $13.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$294.4K
$257.6K – $343.5K
NOI $20,609 @ 7.0% cap · market cap 7.96%
Second Best
Apartment 5plus
$258.8K
$226.5K – $302.0K
NOI $18,118 @ 7.0% cap · market cap 7.00%
Theoretical Best
Office A
$536.8K
$469.7K – $626.3K
NOI $37,579 @ 7.0% cap · market cap 14.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Three fully rented units with shared basement laundry and a detached two-car garage.
Where is this triplex located?
The property is located at 513 Center Janesville Wi 53548 Janesville, WI.
What is the asking price?
The asking price for this property is $259,000.
What are key features of this property?
This property features: Well‑kept 3‑unit property that is fully rented; Shared basement laundry available for residents; Detached 2‑car garage
