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Three-Unit Apartment Building
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5604 Bjelde Lane, Monona, WI 53716

Three separate apartment units in a Monona triplex with remodeled interiors, a shared basement, and a four-car detached garage.

Property SizeContact for details
Days on Market173

Property Features for 5604 Bjelde Lane

General Information

Standard status Active
Total Parking Spaces 4
Property subtype Multifamily
Zoning G1

Additional Details

Multifamily Units 3

Building Details

Year Built 1960
Year Renovated 2025
Units 3
Tenancy Multi
Listing Agency: Lauer Realty Group, Inc.
Listed By: Liz Lauer · License #WI 90-56139
Source: Crexi
Added: Mar 20 Changed: Sep 8 Last Checked: Sep 7 at 12:59PM

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 Lauer Realty Group, Inc.

Investment Insights

Based on property information with market context.

This three-unit apartment building offers three separate residences with recent updates across the property. The first-floor unit features three bedrooms and includes a remodeled kitchen with stainless-steel appliances and a dishwasher, tile backsplash, new LVP flooring, a new A/C unit, and a remodeled bath. Units 2 and 3 have been remodeled with new LVP, kitchen and bath remodels in 2025, and additional in-unit bathroom features, along with new wall A/C units and new water heaters installed in 2024.

A common basement provides shared laundry facilities with a coin-operated washer and dryer. Electric and gas are metered separately, and there is space in the basement for a hobbyist or shop use. Outside, the property includes a four-car detached garage with openers.

Additional building improvements include a roof replacement in 2021. Leases are on file.

Key Highlights

  • Three‑unit apartment building in Monona, built in 1960, with remodeled unit interiors throughout
  • Unit 1 features a remodeled kitchen with stainless appliances and dishwasher, new LVP flooring, new A/C unit, and a remodeled bath
  • Units 2 and 3 were remodeled, including new kitchen and bath remodels in 2025, plus new wall A/C units and water heaters in 2024

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Parking Lot & Garage HVAC Service Bakery Carpet & Flooring Store (Bike/Boat/Book/etc) Store Butcher

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

3
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

616
Businesses Nearby

Demographics for 53716, WI

19,105
Population
8,668
Households
2.2
Avg Household Size
43
Median Age
51%
College-Educated
96%
High-School Grad
6.3 sq mi
ZIP Area
3,033
Density / Sq Mi
$89,225
Median Household Income
$52,338
Median Earnings
$1,264
Median Rent
$325,400
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?
Triplex - Three separate apartment units in a Monona triplex with remodeled interiors, a shared basement, and a four-car detached garage.
Where is this triplex located?
The property is located at 5604 Bjelde Lane Monona, WI.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Three‑unit apartment building in Monona, built in 1960, with remodeled unit interiors throughout; Unit 1 features a remodeled kitchen with stainless appliances and dishwasher, new LVP flooring, new A/C unit, and a remodeled bath; Units 2 and 3 were remodeled, including new kitchen and bath remodels in 2025, plus new wall A/C units and water heaters in 2024
(608) 444-5725 Call to check price and availability
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