$650,000

3 Beds 3 Baths 2,400 Sqft

309-313 Milwaukee Street, Janesville, WI 53548

Property Type: Multi-Family
Building Type: Apartment Building
Time on Market: 19 days
Price per Sqft: $271
Total Taxes: $4,279
Est. Age: 21+ Years

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.

Unit Breakdown

Unit Beds Full Baths Half Baths Sq Ft
Unit 1 1 1 0 800
Unit 2 1 1 0 800
Unit 3 1 1 0 800

Property Details

Interior

Basement:
  • Full
Baths:
  • Full Baths: 3
Heating/Cooling:
  • Other
Heat Fuel:
  • Other
Sqft:
  • Total Sqft: 2,400

Exterior

Acreage:
  • Source: Listing Agent
Parking:
  • Details: Outside
Water:
Water/Waste:
  • Municipal Water

Misc.

New Construction:
  • N
Postal:
  • Code: 53548
  • Zip+4: 3642
Street:
  • Direction Prefix: W
  • Name: Milwaukee Street
  • Suffix: STREET
Tax Year:
  • 2025
Zoning:
  • B-5

Map

Listing Agent-Provided Directions:
  • 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

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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 5/21/2026

This Property
Janesville Multi Family Home Avg
Rock County Multi Family Home Avg
List Price
$650,000
$339,251
$547,208
Median Price
—
$264,900
$534,000
Price / Sq Ft
$271
$0
$0
Days on Market
19 days
37 days
57 days
Total Listings
—
10
26

Listing Information

  • Time on Market: 19 days
  • Place Perfect Last Updated: 2026-05-01 11:59:13
  • MLS Number: 2022089
  • Subsystem Locale: WIREX_SCW
  • Listing Office: Apartment Cash Flow, Inc.
  • Listing Agent: Max Fiascone

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This information is provided by WIREX via the REALTORS Association of Northeast Wisconsin multiple listing service and is exclusively for consumers’ personal, non-commercial use. Information is deemed reliable but not guaranteed.

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