6-Unit Apartment
For Sale
$1,675,000
546 Sunrise Drive, Spring Green, WI 53588
Multi Family, Spring Green, WI
Property Size10,524 SF
Lot Size0.87 Acres
Price / SF$159.16
Days on Market111
Property Features for 546 Sunrise Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R3
Parking features
Off Street, Garage, Open
Accessibility
Accessible Approach with Ramp
Appliances
6
Elementary school
Call School District
Middle school
River Valley
High school
River Valley
Elementary school district
River Valley
Middle school district
River Valley
High school district
River Valley
Directions
Hwy 14 to South on Hwy 14, left onto Sunrise, property on the left.
Subdivision
SPRING GREEN - V
Standard status
Active
APN
182-0864-00000
Lot size
0.87 Acres
Tenancy & Operations
Currently Operating
Yes
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2025
Utilities
Heating system
Forced Air
Building Details
Year built
2024
Number of units
6
Buildings
1
Listing Agency:
Century 21 Affiliated · Century 21 Real Estate
(608) 588-7021
Listed By:
Andrea Joo · License #5837290
(608) 574-2092
Added: Jul 17
Changed: Nov 4
Last Checked: Nov 4 at 6:06AM
MLS# 2022358
Copyright © 2026 REALTORS® Association of South Central Wisconsin. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2024, this six-unit apartment property contains 10,524 square feet. Each residence measures 1,754 square feet and has four bedrooms and 2.5 bathrooms. Five units are leased; the remaining unit is used as a short-term rental.
The 0.87-acre property is zoned R3. Parking includes garage and open spaces, with off-street parking also provided. Heating is forced air, and the property has an accessible approach with a ramp.
The 0.87-acre property is zoned R3. Parking includes garage and open spaces, with off-street parking also provided. Heating is forced air, and the property has an accessible approach with a ramp.
Key Highlights
- Six units totaling 10,524 square feet; each residence is 1,754 square feet
- Four bedrooms and 2.5 bathrooms in each unit
- Five leased units and one short‑term rental
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$87,101
Cap Rate
5.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,742,020
$1.7M
Cap Rate 7%
$1,244,300
$1.2M
Cap Rate 9%
$967,789
$967.8K
Market Conditions
NOI Build-Up for 10,524 SF
Gross rent
$166.7K $15.84/SF
− Vacancy
−$8.3K −$0.79/SF
EGI
$158.4K $15.05/SF
− OpEx
−$71.3K −$6.77/SF
NOI
$87.1K $8.28/SF
Area
Sauk County, WI
Vacancy
5.00%
Lease Rate
$15.84 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,742,020
Cap Rate 7%
$1,244,300
Cap Rate 9%
$967,789
Alternative Uses
Best Use
Apartment 5plus
$1.24M
$1.09M – $1.45M
NOI $87,101 @ 7.0% cap · market cap 5.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.13M
$1.86M – $2.49M
NOI $149,121 @ 7.0% cap · market cap 8.90%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
264
Businesses Nearby
Explore this area
Business Placement
Demographics for 53588, WI
4,139
Population
1,944
Households
2.1
Avg Household Size
50
Median Age
32%
College-Educated
95%
High-School Grad
139.9 sq mi
ZIP Area
30
Density / Sq Mi
$88,359
Median Household Income
$47,407
Median Earnings
$956
Median Rent
$273,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Five residences are leased, while a sixth is operated as a short-term rental.
Where is this apartment building located?
The property is located at 546 Sunrise Drive Spring Green, WI.
What is the asking price?
The asking price for this property is $1,675,000.
What are key features of this property?
This property features: Six units totaling 10,524 square feet; each residence is 1,754 square feet; Four bedrooms and 2.5 bathrooms in each unit; Five leased units and one short‑term rental
