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44-Unit Apartment Complex with Garages
For Sale
$6,600,000

726 FLORIDA Street, Sturgeon Bay, WI 54235

Residential Income, STURGEON BAY, WI

Property Size9,900 SF
Lot Size3.02 Acres
Price / SF$666.67
Days on Market48

Property Features for 726 FLORIDA Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning Multi-Family(4Units)
Parking 46
Elementary school district Sturgeon Bay
Middle school district Sturgeon Bay
High school district Sturgeon Bay
Directions Michigan St, left on 4th Ave, right on Jefferson St, left on 8th Ave, left on Florida St
Standard status Active
APN 281230527260006
Size 9,900 SF
Lot size 3.02 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 61327

Utilities

Sewer type Public Sewer
Water source Public

Building Details

Year built 2019
Number of units 44
Building materials Vinyl Siding
Listing Agency: Resource One Realty, LLC
Listed By: Bobbie R. Hendricks · License #91700983
Added: Aug 10 Changed: Sep 23 Last Checked: Sep 26 at 12:06AM
MLS# 50330786

Copyright © 2026 Realtor Association of Northeast Wisconsin. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This multifamily property includes 44 units across five buildings constructed in 2019. End units feature three bedrooms and 1.5 baths, while middle units offer two bedrooms and one bath. The property contains 9,900 square feet on 3.02 acres and includes 46 detached garage stalls. Each building has its own water softener, with boilers and water heaters serving the individual units. One building includes a sprinkler system.

The property spans two parcels and includes addresses on Florida Street and Erie Street in Sturgeon Bay, Wisconsin. Public water and public sewer serve the buildings. Residents pay gas and electric costs, while ownership pays water and sewer. Leases run for one year before converting to month-to-month terms.

Key Highlights

  • 44 units across 5 buildings
  • 3.02‑acre multifamily property with 9,900 square feet
  • Unit mix includes 3‑bedroom/1.5‑bath end units and 2‑bedroom/1‑bath middle units

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Parking Lot & Garage Big Box & Wholesale Store Building Supply HVAC Service Barber Shop Dental Office

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

44
Residential units

Location Intelligence

Trade Area within ½ mile

571
Businesses Nearby

Demographics for 54235, WI

17,829
Population
11,835
Households
1.5
Avg Household Size
51
Median Age
32%
College-Educated
96%
High-School Grad
190.3 sq mi
ZIP Area
94
Density / Sq Mi
$68,141
Median Household Income
$44,238
Median Earnings
$998
Median Rent
$267,700
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

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

What type of property is this?
Apartment building - Five buildings offer varied floor plans, detached garage parking, and tenant-paid gas and electric service.
Where is this apartment building located?
The property is located at 726 FLORIDA Street Sturgeon Bay, WI.
What is the asking price?
The asking price for this property is $6,600,000.
What are key features of this property?
This property features: 44 units across 5 buildings; 3.02‑acre multifamily property with 9,900 square feet; Unit mix includes 3‑bedroom/1.5‑bath end units and 2‑bedroom/1‑bath middle units
More about this property
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