Share This Listing

Message

936 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the broker for more information about this property

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

Save this listing!

Favorite this listing to get notified of price updates, new media and more

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

Price $425,000
Price Per Unit $212,500
Sale Type Investment
No. Units 2
Property Type
Multifamily
  • Multifamily Apartments
Apartment Style Townhome
Lot Size 0.25 AC
Building Size 3,800 SF
No. Stories 2
Year Built 1900
Parking Ratio 2.11/1,000 SF

Amenities

Unit Amenities

  • Air Conditioning
  • Balcony
  • Yard
  • Basement
  • Listing ID: 39286237

  • Date on Market: 2/1/2026

  • Last Updated:

  • Address: 204 S Mill St, Albany, WI 53502

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}