6-Unit Townhouse-Style Apartment
601 Hood St, La Crosse, WI 54601
For Sale
$699,900
All six residences are leased and feature two bedrooms, private entry from the front and rear, and in-unit laundry.
Property Size5,304 SF
Price / SF$131.96
Days on Market11
Property Features for 601 Hood St
General Information
Standard status
Size
Property subtype
Occupancy
Additional Details
Multifamily Units
Tenant in Place
Amenities
in-unit laundry
Building Details
Year Built
Buildings
Stories
Construction
Listing Agency:
RE/MAX Results
Listed By:
Dan Stacey · License WI #5620094
(608) 781-2232
Source:
Viewhomesinwisconsin
Added: Nov 2
Changed: Nov 10
Last Checked: Nov 10 at 2:30PM
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 RE/MAX Results
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Investment Insights
Based on property information with market context.
This 6-unit apartment property was built in 1966 in a townhouse configuration. Each residence spans three levels and includes two bedrooms, a full bathroom, a living room, and a dine-in kitchen with a pantry. The lower level is unfinished and currently provides laundry and storage space. The listed building area is 5,304 square feet and excludes the lower levels. Brick dividing walls separate the units, and the property has off-street parking.
Updates include a roof installed in 2022, along with newer mechanical systems, thermopane windows, sidewalks, and flooring. The apartments are fully leased and are located near a hospital, a proximity that has drawn medical staff as tenants.
Updates include a roof installed in 2022, along with newer mechanical systems, thermopane windows, sidewalks, and flooring. The apartments are fully leased and are located near a hospital, a proximity that has drawn medical staff as tenants.
Key Highlights
- Six apartments, each arranged across three levels
- 5,304 square feet of listed area; lower levels are excluded
- Two bedrooms and one full bathroom in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,107
Cap Rate
6.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$862,140
$862.1K
Cap Rate 7%
$615,814
$615.8K
Cap Rate 9%
$478,967
$479.0K
Market Conditions
NOI Build-Up for 5,304 SF
Gross rent
$83.4K $15.72/SF
− Vacancy
−$5.0K −$0.94/SF
EGI
$78.4K $14.78/SF
− OpEx
−$35.3K −$6.65/SF
NOI
$43.1K $8.13/SF
Area
La Crosse County, WI
Vacancy
6.00%
Lease Rate
$15.72 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$862,140
Cap Rate 7%
$615,814
Cap Rate 9%
$478,967
Alternative Uses
Best Use
Apartment 5plus
$615.8K
$538.8K – $718.5K
NOI $43,107 @ 7.0% cap · market cap 6.16%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.16M
$1.01M – $1.35M
NOI $81,199 @ 7.0% cap · market cap 11.60%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
6
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
2,734
Businesses Nearby
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Business Placement
Demographics for 54601, WI
51,090
Population
22,652
Households
2.3
Avg Household Size
32
Median Age
40%
College-Educated
96%
High-School Grad
75.4 sq mi
ZIP Area
678
Density / Sq Mi
$60,078
Median Household Income
$31,143
Median Earnings
$998
Median Rent
$220,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - All six residences are leased and feature two bedrooms, private entry from the front and rear, and in-unit laundry.
Where is this apartment building located?
The property is located at 601 Hood St La Crosse, WI.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: Six apartments, each arranged across three levels; 5,304 square feet of listed area; lower levels are excluded; Two bedrooms and one full bathroom in each unit
