429 Niagara St Eau Claire, WI 54703
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.