40 & 50 Main Street street - Apartments FOR SALE


Platteville, WI 53818
$749,900 USD
608-778-8224
40 & 50 Main Street street, Platteville, WI for Sale
$749,900 USD
Apartments - FOR SALE
1/8
null | 7.65% Cap Rate

40 & 50 Main Street street
Platteville, WI 53818


HIGHLIGHTS

  • main street convenient location
  • 7 apartments, 2 store fronts

OVERVIEW

Main Street Platteville, WI real estate investment opportunity delivering immediate cash flow with built-in upside through scheduled rent increases and minimal future capital needs. This mixed-use property in Platteville features two Main Street retail storefronts and seven upper-level apartment units offering a mix of one- and two-bedroom layouts. Nearly fully occupied, with only one retail storefront currently vacant, creating additional income potential. Gross operating income is approximately $71,700 annually, with rent increases already planned for May 2026. Several apartment leases up for renewal mid-2026, providing flexibility for future management strategy. Recent 2026 capital improvements include new gas furnaces, hot water heaters, and a new GAF roof system. Apartment interiors have been updated with newer flooring, paint, and some appliances. Includes two rear off-street parking spaces plus convenient Main Street parking. Rare opportunity to own 7 nice apartments with 2 store fronts right next to each other for ease of management and maintenance.

FOR SALE DETAILS

PRICE

$749,900 USD

PRICE/SF

$74 USD /SF

# OF UNITS

9

PRICE/UNIT

$83,322

CAP RATE

7.65%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

40 & 50 Main Street Platteville

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

B2

APN/PARCEL ID

271-00054-0000,271-00055-0000

ASK ABOUT THIS PROPERTY

Troy TimmermanEquity Real Estate GroupMore Info
608-778-8224

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Troy TimmermanEquity Real Estate GroupMore Info
608-778-8224

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