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Investment Highlights

  • Only student housing on campus (no dorms or any other student specific housing)
  • Individual Bathrooms and each unit has Kitchen or Kitchenette
  • Enrollment at college of 5,939 students

Property Facts

Price $6,550,000
Price Per Unit $96,324
Sale Type Investment
Cap Rate 7.16%
No. Units 68
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Dormitory
Apartment Style Mid-Rise
Building Class B
Lot Size 3.78 AC
Building Size 75,000 SF
Average Occupancy 90%
No. Stories 4
Year Built 2018

Amenities

Unit Amenities

  • Air Conditioning
  • Cable Ready
  • Heating
  • Kitchen
  • Hardwood Floors
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower
  • Freezer

Site Amenities

  • Controlled Access
  • Laundry Facilities
  • Property Manager on Site
  • Furnished Units Available
  • Elevator
  • Maintenance on site
  • Roommate Matching

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
Studios 16 - 338
1+1 15 - 338 - 672
2+1 33 - 672
2+1.5 4 - 725
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100

Property Taxes

Property Taxes

Parcel Number
291-2907-232-0962
Land Assessment
$742,600
Improvements Assessment
$5,213,000
Total Assessment
$5,955,600
  • Listing ID: 39694586

  • Date on Market: 3/6/2026

  • Last Updated:

  • Address: 1636 N 3rd Ave, Wausau, WI 54401

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