309-313 W Milwaukee Street, Janesville, WI 53548-3642
309-313 W Milwaukee Street, Janesville, WI 53548-3642
309-313 W Milwaukee Street, Janesville, WI 53548-3642
309-313 W Milwaukee Street, Janesville, WI 53548-3642
309-313 W Milwaukee Street, Janesville, WI 53548-3642
309-313 W Milwaukee Street, Janesville, WI 53548-3642
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Lukus McCormick

Lukus McCormick

+1(608) 322-4511
Listed by Apartment Cash Flow, Inc.
$ 650,000

4 Beds

4 Baths

3,200 SqFt

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$ 650,000
Save

4 Beds

4 Baths

3,200 SqFt

Key Details

Property Type Multi-Family

Sub Type Apartment building

Listing Status Active

Purchase Type For Rent

Square Footage 3,200 sqft

MLS Listing ID 2022089

Bedrooms 4

Full Baths 4

Year Built 1900

Annual Tax Amount $4,279

Tax Year 2025

Lot Size 3,310 Sqft

Acres 0.076

Property Sub-Type Apartment building

Property Description

7-unit mixed-use investment property in the heart of downtown Janesville. Four 1BD/1BA apartments and three street-level retail storefronts totaling 6,400 SF. Listed at $650,000 with a 7.14% current cap rate and 9.94% proforma cap rate. Two retail units leased through April 2027, one storefront delivered vacant at closing. Residential rents running significantly below market with strong value-add upside. 2025 property taxes just $4,280. Roof re-siliconed within past five years. Full offering memorandum available.

Location

State WI

County Rock

Area Janesville - C

Zoning B-5

Direction From I-90/39, take Exit 171B toward Janesville. Head west on W Milwaukee St. Property is located on the right between S Jackson St and S Parker Dr in

Rooms

Basement Full, Unfinished

Interior

Heating Other

Heat Source Other

Exterior

Parking Features Outside

Building

Water Municipal water

Structure Type Brick/Stone

Schools

Elementary Schools Wilson

Middle Schools Franklin

High Schools Parker

School District Janesville

South Central Wisconsin MLS (SCWMLS)
This information, provided by seller, listing broker, and other parties, may not have been verified.
Copyright 2026 South Central Wisconsin MLS Corporation. All rights reserved

Nearby Locations

Lukus McCormick

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(608) 322-4511

lukusm.realtor@gmail.com

235 Greenhill Cir, Milton, Wisconsin, 53563, USA

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309-313 W Milwaukee Street