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204 S Mill St - Albany Duplex on the River 2 Unit Apartment Building Offered at $425,000 Albany, WI 53502



Investment Highlights
- Riverfront property with a dock
- Large units: 3br / 2ba / 1,900sf
Executive Summary
Experience riverfront living in this large 3,800sf duplex property with two spacious 3 bed / 2 bath / 1,900sf homes. This unique location on the Sugar River and open floor plan offers a perfect blend of comfort and adventure, making it an ideal AirBnB or long-term rental investment, or convert it to a huge 6 bed / 4 bath home! The bedrooms and closets are large, there's a full bathroom on each floor, a shared back deck with river views, central A/C, and unfinished full basements for ample storage. Also enjoy direct access to the river for tubing, kayaking, swimming, fishing; and it's under a mile from the Albany Wildlife Area for beautiful public hiking/hunting land! This is a great opportunity for someone looking for an easy to rent AirBnB and/or long-term rental, family compound, huge single family home, or help with the mortgage from renting out 1 apartment. Come check out the property and see all the possibilities because this is definitely worth a tour! North side apartment is on a month to month lease. South side apartment is vacant for easy showings. Video Tour: https://youtu.be/YHtA9SfG99w?si=S4IZ1FxJ326yFn0W
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$10,800
|
$2.84
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$10,800
|
$2.84
|
| Taxes |
$4,648
|
$1.22
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$4,648
|
$1.22
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $10,800 |
| Annual Per SF | $2.84 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $10,800 |
| Annual Per SF | $2.84 |
| Taxes | |
|---|---|
| Annual | $4,648 |
| Annual Per SF | $1.22 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $4,648 |
| Annual Per SF | $1.22 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Yard
- Basement
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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204 S Mill St - Albany Duplex on the River
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