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$230,000 Just Listed
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Property Description
Excellent opportunity to own a Beloit College Area 2-unit offering strong rental income.This property features traditional charm with quality updates. Lower unit rents at $1,200/month, reflecting strong demand in the area. Upper unit rents at $850/month. All dimensions and sq ft to be verified by Buyer Seller/Agent is a licensed Realtor All offers must include standard 1031 Exchange Language: Please refer to the associated docs for exact language
Full Property Details
Full Property Details for 640 Central Ave
General
- Price: $230,000
- Taxes: $1,738 (2024)
- Status: Active
- Type: Multi-Family
- Source: Wirex_South_Central_Wisconsin_MLS_Corporation_SCW
- MLS ID: 2015520
- Updated: 1/27/2026
- Added to Site: 3 day(s) ago
Parking
- Garage: Yes
- Garage Spaces: 2
- Parking Features: 2 Spaces, Outside
- Garage Description: 2 Car, Detached
Location
- Municipality: Beloit
- County: Rock
- Driving Directions: Emerson to south on Central
School Information
- School District: Beloit
- Elementary School: Call School District
- Middle School: Call School District
- High School: Memorial
Heating & Cooling
- Heating Fuel: Natural Gas
- Heating/Cooling: Forced Air
Utilities
- Water/Sewer: Municipal Water, Municipal Sewer
- Utility Description: Separate Electric Meters, Separate Gas Meters, Separate Water Meters
Structural Information
- Description/Design: 2 Flat Up and Down
- Exterior Const.: Wood
- Basement Desc.: Full
- Year Built: 1936
Unit Information
- Units in Building: 2
Unit 1
- Square Feet: 920
- Bedrooms: 2
Unit 2
- Square Feet: 920
- Bedrooms: 2
Lot Features
- Lot Size Source: Assessor/Public Record
- Zoning: RES
Financial Considerations
- Tax Amount: $1,738
- Tax Year: 2024
Listed by Century 21 Affiliated
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Schools
Schools serving 640 Central Ave
School District:Beloit School District
| Name | Grades | Distance |
|---|---|---|
Merrill Elementary School, Beloit, WI 1635 Nelson Avenue, Beloit, WI 53511 | PK-3 | 1.1 mi |
Beloit Virtual School 1500 4th Street, Beloit, WI 53511 | PK-12 | 1.4 mi |
Aldrich Middle School 1859 Northgate Drive, Beloit, WI 53511 | 6-8 | 2.3 mi |
Memorial High School, Beloit, WI 1225 4th Street, Beloit, WI 53511 | 9-12 | 1.1 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 640 Central Ave
Date
Details
Price
Change
Source
1/27/2026
Listed
$230,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 640 Central Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,323
35%
$141,800
—
2024
$1,721
-16%
$141,800
9%
2023
$2,044
-4%
$129,500
—
2022
$2,123
-15%
$129,500
65%
2021
$2,506
15%
$78,700
—
2019
$2,184
-4%
$78,700
—
2020
$2,278
3%
$78,700
—
2018
$2,204
7%
$78,700
—
2017
$2,063
1%
$78,700
—
2016
$2,039
-2%
$78,700
—
2015
$2,081
1%
$78,700
—
2014
$2,059
6%
$78,700
—
2013
$1,942
-2%
$78,700
—
2012
$1,974
—
$78,700
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 640 Central Ave
640 Central Avenue, Beloit, WI 53511 (MLS# 2015520) is a Multi-Family property with units containing 0 bedrooms and 0 full bathrooms. 640 Central Avenue is currently listed for $230,000 and was received on January 27, 2026. Want to learn more about 640 Central Avenue? Do you have questions about finding other Multi-Family real estate for sale in Beloit? You can browse all Beloit real estate or contact a Coldwell Banker agent to request more information.

