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Property profile & analytics
OFF-MARKET
Dormitories

429 Niagara St Eau Claire, WI 54703

1,820 SF 0.19 ac lot Built 1891
Property ID
US92-0622168
Property summary
AI-generated overview

This exceptional turn-key investment opportunity presents a two-unit multifamily property ideally situated in Eau Claire, Wisconsin, at 429 Niagara St, 54703. Built in 1891, this property boasts a total of 1,820 square feet on a 0.19-acre lot. The property currently features six bedrooms spread across the two units, making it highly attractive to student renters. Both units are currently leased for the academic year, ensuring immediate cash flow for the new owner. Its prime location near the University and Water Street is a significant draw for students, guaranteeing consistent occupancy. The property also offers potential for additional rental income from on-site garages (details to be discussed). This owner-user investment is priced at $369,900 and offers a compelling return on investment. The property's historical charm combined with its modern appeal and strategic location makes it an exceptional addition to any investment portfolio. Ownership transfers at closing. MLS#1585148.

Property profile
Verified
Property type Dormitories
Year built 1891
Total area 1,820 SF
Lot 0.19 ac (8,276 SF)
UPID US92-0622168
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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