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202 S 3rd St 2,000 SF 100% Leased Retail Building Watertown, WI 53094 $279,900 ($139.95/SF) 9.43% Cap Rate
Investment Highlights
- Continuously rented since owned
- Completely remodeled retail and both apartments
Executive Summary
3 unit, 2-story Mixed use building. 940 sf street level storefront and (2) 1-bedroom apartments upper. Generated $31,800 in gross income and a NOI of $26,400 in 2025.
Roof and mechanicals are mid-life and in good condition. Retail has been remodeled with new ceiling and flooring. One apartment is full 1 bedroom with remodeled bath, new flooring, newer appliances, and updates. The second apartment is a 1 bedroom efficiency and has remodeled bath and new layout kitchen. Stairwell and halls have been updated paint, lights, and flooring.
Roof and mechanicals are mid-life and in good condition. Retail has been remodeled with new ceiling and flooring. One apartment is full 1 bedroom with remodeled bath, new flooring, newer appliances, and updates. The second apartment is a 1 bedroom efficiency and has remodeled bath and new layout kitchen. Stairwell and halls have been updated paint, lights, and flooring.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
2,000 SF
Building Class
B
Year Built/Renovated
1900/2025
Price
$279,900
Price Per SF
$139.95
Cap Rate
9.43%
NOI
$26,400
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.18
Lot Size
0.04 AC
Opportunity Zone
Yes
Zoning
CB-Central Business - 1st floor commercial, retail, office, salon. Upper floors residential.
Frontage
27’ on 3rd St
Very walkable
80/100
Moderately drivable
70/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 291-0815-0412-260 | Total Assessment | $91,200 |
| Land Assessment | $19,500 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $71,700 | Tax Year | 2025 |
Property Taxes
Parcel Number
291-0815-0412-260
Land Assessment
$19,500
Improvements Assessment
$71,700
Total Assessment
$91,200
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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202 S 3rd St
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