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309-313 W Milwaukee St 7 Unit Apartment Building $889,096 CAD ($127,014 CAD/Unit) 9.94% Cap Rate Janesville, WI 53548
Investment Highlights
- Prime Downtown Janesville WI Location
- Value-Add Upside
- Stable Mixed-Use Income Stream
Executive Summary
Situated on W Milwaukee Street in the heart of downtown Janesville, a walkable corridor with restaurants, retail, and civic amenities.? High foot traffic street with strong visibility for commercial tenants.? Seven income-producing units spanning two asset classes (four residential apartments and three commercial storefronts), providing the kind of diversification that pure residential or pure retail properties cannot offer.?
2025 property taxes of just $4,280, owner-paid utilities capped at residential units only, updated mechanical systems, and a zero landscaping footprint combine to produce a total operating expense ratio well below comparable mixed-use assets.? Residential rents running $225 to $350 below comparable units on the same corridor.? Renovated comps pushing even higher.? One storefront delivered vacant at closing offering a new owner immediate income upside on the retail side.?
2025 property taxes of just $4,280, owner-paid utilities capped at residential units only, updated mechanical systems, and a zero landscaping footprint combine to produce a total operating expense ratio well below comparable mixed-use assets.? Residential rents running $225 to $350 below comparable units on the same corridor.? Renovated comps pushing even higher.? One storefront delivered vacant at closing offering a new owner immediate income upside on the retail side.?
Data Room Click Here to Access
Financial Summary (Pro Forma - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$121,464
|
$16.69
|
| Other Income |
$2,462
|
$0.34
|
| Vacancy Loss |
$7,288
|
$1.00
|
| Effective Gross Income |
$116,638
|
$16.03
|
| Taxes |
$7,025
|
$0.97
|
| Operating Expenses |
$21,269
|
$2.92
|
| Total Expenses |
$28,294
|
$3.89
|
| Net Operating Income |
$88,345
|
$12.14
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $121,464 |
| Annual Per SF | $16.69 |
| Other Income (CAD) | |
|---|---|
| Annual | $2,462 |
| Annual Per SF | $0.34 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $7,288 |
| Annual Per SF | $1.00 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $116,638 |
| Annual Per SF | $16.03 |
| Taxes (CAD) | |
|---|---|
| Annual | $7,025 |
| Annual Per SF | $0.97 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $21,269 |
| Annual Per SF | $2.92 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $28,294 |
| Annual Per SF | $3.89 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $88,345 |
| Annual Per SF | $12.14 |
Property Facts
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Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 013-6100464 | Total Assessment | $328,418 CAD (2025) |
| Land Assessment | $15,183 CAD (2025) | Annual Taxes | $7,025 CAD ($0.97 CAD/SF) |
| Improvements Assessment | $313,235 CAD (2025) | Tax Year | 2026 Payable 2026 |
Property Taxes
Parcel Number
013-6100464
Land Assessment
$15,183 CAD (2025)
Improvements Assessment
$313,235 CAD (2025)
Total Assessment
$328,418 CAD (2025)
Annual Taxes
$7,025 CAD ($0.97 CAD/SF)
Tax Year
2026 Payable 2026
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309-313 W Milwaukee St
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