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40 & 50 Main Street Platteville 40 & 50 Main Street street 9 Unit Apartment Building $749,900 ($83,322/Unit) 8% Cap Rate Platteville, WI 53818
Investment Highlights
- main street convenient location
- 7 apartments, 2 store fronts
Executive Summary
Fully occupied with a CAP RATE OF 8.00%. Turnkey downtown investment opportunity delivering immediate cash flow and minimal future capital needs. This mixed-use property in Platteville features two Main Street retail storefronts and seven upper-level apartment units offering a mix of one- and two-bedroom layouts. Gross operating income is approximately $85,800 annually. Recent 2026 capital improvements include new gas furnaces, hot water heaters, and a new GAF roof system. Apartment interiors have been updated with newer flooring, paint, and some appliances. Includes two rear off-street parking spaces plus convenient Main Street parking.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$85,800
|
$8.52
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$85,800
|
$8.52
|
| Taxes |
$11,490
|
$1.14
|
| Operating Expenses |
$14,342
|
$1.42
|
| Total Expenses |
$25,832
|
$2.56
|
| Net Operating Income |
$59,968
|
$5.95
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $85,800 |
| Annual Per SF | $8.52 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $85,800 |
| Annual Per SF | $8.52 |
| Taxes | |
|---|---|
| Annual | $11,490 |
| Annual Per SF | $1.14 |
| Operating Expenses | |
|---|---|
| Annual | $14,342 |
| Annual Per SF | $1.42 |
| Total Expenses | |
|---|---|
| Annual | $25,832 |
| Annual Per SF | $2.56 |
| Net Operating Income | |
|---|---|
| Annual | $59,968 |
| Annual Per SF | $5.95 |
Property Facts
1 1
Very walkable
80/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Numbers | Total Assessment | $729,600 | |
| Land Assessment | $57,000 | Annual Taxes | $11,490 ($1.14/SF) |
| Improvements Assessment | $672,600 | Tax Year | 2025 |
Property Taxes
Parcel Numbers
Land Assessment
$57,000
Improvements Assessment
$672,600
Total Assessment
$729,600
Annual Taxes
$11,490 ($1.14/SF)
Tax Year
2025
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40 & 50 Main Street Platteville | 40 & 50 Main Street street
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