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$535,000

  • Sold
  • Closed
  • Apartment
  • Updated 5 days ago
See This Home
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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.

Full Property Details for 309-313 W Milwaukee St

General

  • Sold For: $535,000
  • Taxes: $4,279 (2025)
  • Status: Closed
  • Type: Apartment
  • Source: Wirex_South_Central_Wisconsin_MLS_Corporation_SCW
  • MLS ID: 2022089
  • Added to Site: 67 day(s) ago

Parking

  • Parking Features: Outside

Location

  • Municipality: Janesville
  • County: Rock
  • Driving 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

School Information

  • School District: Janesville
  • Elementary School: Wilson
  • Middle School: Franklin
  • High School: Parker

Heating & Cooling

  • Heating Fuel: Other
  • Heating/Cooling: Other

Utilities

  • Water/Sewer: Municipal Water

Structural Information

  • Description/Design: Apartment Building
  • Basement Desc.: Full
  • Year Built: 1900

Unit Information

  • Units in Building: 7

Unit 1

  • Square Feet: 800
  • Bedrooms: 1

Unit 2

  • Square Feet: 800
  • Bedrooms: 1

Unit 3

  • Bedrooms: 1

Unit 4

  • Bedrooms: 1

Lot Features

  • Lot Size Source: Listing Agent
  • Zoning: B-5

Financial Considerations

  • Tax Amount: $4,279
  • Tax Year: 2025

Listed and Sold by Apartment Cash Flow, Inc.

Listing agent

— 309-313 W Milwaukee St —

  • Apartment Cash Flow, Inc.

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NMLS#: 1598647

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with our affiliated lender
NMLS#: 1598647

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Price & Sales History for 309-313 W Milwaukee St

Date
Details
Price
Change
Source
6/30/2026
Sold
$535,000
-17.69%
MLS
4/30/2026
Listed
$650,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed and Sold by Apartment Cash Flow, Inc.

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Price Reduced near 309-313 W Milwaukee St

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Recent Sales near 309-313 W Milwaukee St

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420 N Jackson St, Janesville, WI 53548 - Photo 1 Sold
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309-313 W Milwaukee Street, Janesville, WI 53548 (MLS# 2022089) is a Apartment property that was sold at $535,000 on June 30, 2026. Want to learn more about 309-313 W Milwaukee Street? Do you have questions about finding other Apartment real estate for sale in Janesville? You can browse all Janesville real estate or contact a Coldwell Banker agent to request more information.