202 17th Ave W - Apartments FOR SALE


Menomonie, WI 54751
$7,000,000 USD
605-681-8351
202 17th Ave W, Menomonie, WI for Sale
$7,000,000 USD
Apartments - FOR SALE
1/8
null | Request Cap Rate

202 17th Ave W
Menomonie, WI 54751


OVERVIEW

Premier 171-bed student housing community directly adjacent to University of Wisconsin-Stout offered at $7,000,000 ($40,936 per bed). Built in 2020, this Class A four-story property provides 53 fully furnished units on 1.9 acres with 155 surface parking spaces serving UW-Stout's 7,000-student enrollment base. Property features exceptional amenities including rooftop patio, outdoor pool, multiple study rooms, game room, and conference room addressing the competitive student housing landscape. Currently 69.6% occupied with strong pre-leasing momentum at 64% for the upcoming 2026-27 academic year, demonstrating consistent demand from UW-Stout's polytechnic student population. The university's career-focused academic model and specialized programs create stable enrollment patterns supporting predictable housing demand. Menomonie serves as the university's primary market with high percentage of students requiring off-campus housing beyond freshman year. Immediate value-add opportunities through occupancy optimization and continued lease-up for upcoming academic year.

FOR SALE DETAILS

PRICE

$7,000,000 USD

PRICE/SF

$95 USD /SF

# OF UNITS

53

PRICE/UNIT

$132,075

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Heights - Student Housing

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2020

PARKING SPACES

155

LAND DETAILS

LAND ACRES

1.57 AC

LAND SF

68,424 SF

ZONING

R3

APN/PARCEL ID

1725122813342300023

ASK ABOUT THIS PROPERTY

Alex SoundyBender Commercial Real Estate ServicesMore Info
605-681-8351

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Alex SoundyBender Commercial Real Estate ServicesMore Info
605-681-8351

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.