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129 S Church St 2 Unit Apartment Building Offered at $485,000 at a 5.98% Cap Rate Whitewater, WI 53190

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INVESTMENT HIGHLIGHTS

  • Leased through May and July 2027 to non-students. Market Rents are $525-$600 per bedroom with UW Whitewater Students. Tenants pay all utilities.
  • Market Rents are $525-$600 per bedroom with UW Whitewater Students. $66k annual rent collection potential based on similar units rented in 2025.
  • Short walk to UW Whitewater Campus, downtown nightlife & dining, city hall 1 blk away, farmers market 1 blk away.

FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access

ANNUAL ANNUAL PER SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Net Operating Income - -

FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual -
Annual Per SF -

PROPERTY FACTS

Price $485,000
Price Per Unit $242,500
Sale Type Investment
Cap Rate 5.98%
Sale Condition 1031 Exchange
Gross Rent Multiplier 12.34
No. Units 2
Property Type
Multifamily
  • Multifamily Apartments
Apartment Style Townhome
Lot Size 0.12 AC
Building Size 2,700 SF
Average Occupancy 100%
No. Stories 2
Year Built/Renovated 1920/2014
Parking Ratio 3.7/1,000 SF
Opportunity Zone Yes
Zoning R-3 - R-3 Zoning allows (5) Five unrelated adults PER unit.

AMENITIES

  • Smoke Detector

UNIT AMENITIES

  • Air Conditioning
  • Cable Ready
  • Dishwasher
  • Disposal
  • Microwave
  • Washer/Dryer
  • Heating
  • Ceiling Fans
  • Kitchen
  • Refrigerator
  • Oven
  • Range
  • Basement
  • Double Pane Windows
  • Pantry
  • Window Coverings
  • Large Bedrooms

SITE AMENITIES

  • Laundry Facilities
  • Smoke Free
  • Trash Pickup - Curbside
  • Fiber Optic Internet

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
5+2 2 $1,500 1,300
Walk Score®
Very Walkable (75)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
  • Listing ID: 38845708

  • Date on Market: 12/20/2025

  • Last Updated:

  • Address: 129 S Church St, Whitewater, WI 53190

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