$349,900

6 Beds 3 Baths 3,521 Sqft

537 S Main Street, Fall River, WI 53932

Property Type: Multi-Family
Building Type: Apartment Building,2 Story
Time on Market: 48 days
Price per Sqft: $99
Garage: Y
Total Taxes: $2,607

Description

Affordable 4-unit investment opportunity in the Village of Fall River. This all-brick multifamily property features three 2-bedroom, 1-bath units and one efficiency unit. Conveniently located near Highway 151, the property offers an easy commute to Madison while providing the benefits of a strong small-town rental market. Currently owner-occupied, the property presents an excellent value-add opportunity with rents below current market rates, allowing investors the potential to increase cash flow over time. The durable brick exterior, desirable unit mix, and strong rental demand make this an attractive addition to any investment portfolio. Whether you?re a first-time investor looking to enter the multifamily market or an experienced investor seeking to expand your portfolio, this property offers affordability, upside potential, and long-term investment value in a convenient location.

Unit Breakdown

Unit Beds Full Baths Half Baths Sq Ft
Unit 1 2 1 0 1474
Unit 2 2 1 0 1150
Unit 3 2 1 0 897

Property Details

Interior

Basement:
  • Full, Walk Out/Outer Door, Block
Baths:
  • Full Baths: 3
Heating/Cooling:
  • Radiant/Electric
Heat Fuel:
  • Natural Gas
Interior Features:
  • High Speed Internet
Sqft:
  • Total Sqft: 3,521

Exterior

Acreage:
  • Source: Assessor/Public Record
Garage:
  • Details: Carport
Parking:
  • Details: 1 Space
Water:
Water/Waste:
  • Municipal Water, Municipal Sewer

Misc.

New Construction:
  • N
Postal:
  • Code: 53932
Street:
  • Direction Prefix: S
  • Name: Main Street
  • Suffix: STREET
Tax Year:
  • 2025
Utilities:
  • Details: Separate Electric Meters
Zoning:
  • RES

Map

Listing Agent-Provided Directions:
  • From Columbus, take WI-16 W, turn right onto S Main St, property on right

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Schools and Neighborhood

Elementary School:
  • Fall River
Middle School:
  • Fall River
High School:
  • Fall River
School District:
  • Fall River
Postal City:
  • Fall River
Municipality:
  • Name: FALL RIVER
  • Type: Village
County:
  • COLUMBIA

Market Comparison

How this property compares to local market averages — calculated 8/6/2026

This Property
Fall River Multi Family Home Avg
Columbia County Multi Family Home Avg
List Price
$349,900
$349,900
$536,633
Median Price
$349,900
$437,450
Price / Sq Ft
$99
$0
$0
Days on Market
48 days
48 days
45 days
Total Listings
1
6

Listing Information

  • Time on Market: 48 days
  • Place Perfect Last Updated: 2026-06-24 13:03:18
  • MLS Number: 2026164
  • Subsystem Locale: WIREX_SCW
  • Listing Office: First Weber, Inc
  • Listing Agent: Bart Baker
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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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