$550,000

6 Beds 3 Baths 2,350 Sqft

170 S Jackson Street, Janesville, WI 53548

Property Type: Multi-Family
Building Type: Apartment Building
Time on Market: 14 days
Price per Sqft: $234
Garage: 2 Car
Total Taxes: $5,019
Est. Age: 21+ Years
Virtual Tour: View Tour

Description

Turnkey 5-unit investment opportunity in Janesville with the heavy lifting already completed. Recently converted and approved by the City as a 5 unit property, the building has undergone a full operational reset. Ownership vacated the building, transitioned away from the previous management, completed turnovers and touch ups throughout every unit, and brought in a professional property management company to oversee operations moving forward. Major improvements include a newly installed sprinkler system, brand new landscaping, refreshed units, and significant attention to the overall condition and presentation of the property. Current rent roll is $4,400 per month, with a target of approximately $5,600 per month once the final unit is leased. 4/5 units leased. A strong opportunity for an investor looking to acquire a stabilized multifamily asset with additional income upside and without taking on an immediate renovation or management overhaul.

Unit Breakdown

Unit Beds Full Baths Half Baths Sq Ft
Unit 1 1 1 0 500
Unit 2 3 1 0 1000
Unit 3 2 1 0 850

Property Details

Interior

Basement:
  • Full
Baths:
  • Full Baths: 3
Heating/Cooling:
  • Forced Air
Heat Fuel:
  • Natural Gas
Interior Features:
  • Fire Sprinklers
Sqft:
  • Total Sqft: 2,350

Exterior

Acreage:
  • Source: Assessor/Public Record
Exterior:
  • Brick
Garage:
  • Details: 2 Car, Detached
  • Spaces: 2.0
Parking:
  • Details: Outside
Water:
Water/Waste:
  • Municipal Water, Municipal Sewer

Misc.

New Construction:
  • N
Postal:
  • Code: 53548
Street:
  • Direction Prefix: S
  • Name: Jackson Street
  • Suffix: STREET
Tax Year:
  • 2025
Utilities:
  • Details: Separate Electric Meters
Zoning:
  • Commercial

Map

Listing Agent-Provided Directions:
  • US-151, Follow I-39 S\/I-90 E. continue on E Racine St. Drive to S Jackson St.

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Schools and Neighborhood

Elementary School:
  • Wilson
Middle School:
  • Franklin
High School:
  • Parker
School District:
  • Janesville
Postal City:
  • Janesville
Municipality:
  • Name: JANESVILLE
  • Type: City
County:
  • ROCK

Market Comparison

How this property compares to local market averages — calculated 10/15/2026

This Property
Janesville Multi Family Home Avg
Rock County Multi Family Home Avg
List Price
$550,000
$323,462
$400,040
Median Price
—
$339,450
$377,500
Price / Sq Ft
$234
$0
$0
Days on Market
14 days
58 days
97 days
Total Listings
—
8
22

Listing Information

  • Time on Market: 14 days
  • Place Perfect Last Updated: 2026-10-05 14:53:06
  • MLS Number: 2033692
  • Subsystem Locale: WIREX_SCW
  • Listing Office: EXP Realty, LLC
  • Listing Agent: Ferraro Real Estate Team

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