Share This Listing

Message

935 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the broker for more information about this property

Investment Highlights

  • Opportunity to increase rents on 7 units within the next 12 months, supported by higher rents demonstrated at the adjoining identical property
  • Located in an area of fast growing new development
  • Custom finishes

Executive Summary

Positioned in one of Altoona’s fastest-growing developments near the brand-new school and near the River Prairie Development, this 10-unit multifamily asset built in 2024 offers the ideal blend of modern design, tenant appeal, and long-term investment stability. This is just minutes from Eau Claire, WI.
The unit mix features five spacious three-bedroom units and five well-appointed one-bedroom units—designed to capture a broad tenant base while maximizing rental demand. Each unit offers a highly sought-after private entrance and attached garage, delivering the feel of individual living with the efficiency of multifamily ownership.
Built with today’s renter in mind, the property provides low-maintenance construction, modern finishes to include:
Solid core doors and poplar stained trim
Quartz countertops
Thorcraft custom cabinets
LVP flooring in all areas besides bedroom and interior stairway
Electric fireplaces in each unit
PTak heat and air units?
Trex decking with alumnium railings?
Sprinkler system lawn landscaping
Stainless steel appliances included
Blinds
In-Unit laundry
The property offers strong curb appeal in a location that continues to see residential and community growth. The proximity to Eau Claire, WI adds a major draw for tenants, supporting long-term occupancy and rent stability.
Whether you’re expanding your portfolio or securing a newer, turnkey asset, this property stands out as a rare opportunity to own a high-quality, income-producing investment in a thriving Altoona market.

Property Facts

Price $3,030,500 CAD
Price Per Unit $303,050 CAD
Sale Type Investment
Cap Rate 6%
Gross Rent Multiplier 12.8
No. Units 10
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Apartments
Apartment Style Low-Rise
Building Class C
Building Size 11,675 SF
Average Occupancy 100%
No. Stories 2
Year Built 2024
Zoning R3 - Multiple Family Dist - Multi-family

Amenities

  • Smoke Detector

Unit Amenities

  • Air Conditioning
  • Balcony
  • Cable Ready
  • Dishwasher
  • Fireplace
  • Microwave
  • Storage Space
  • Washer/Dryer
  • Washer/Dryer Hookup
  • Heating
  • Ceiling Fans
  • Kitchen
  • Granite Countertops
  • High Speed Internet Access
  • Refrigerator
  • Oven
  • Sprinkler System
  • Stainless Steel Appliances
  • Range
  • Tub/Shower
  • Views
  • Walk-In Closets
  • Carpet
  • Wi-Fi
  • Yard
  • Deck
  • Dining Room
  • Double Pane Windows
  • Family Room
  • Framed Mirrors
  • Island Kitchen
  • Lawn
  • Patio
  • Window Coverings
  • Large Bedrooms

Site Amenities

  • 24 Hour Access
  • Individual Locking Bedrooms
  • Private Bathroom

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
3+2 5 - -
1+1 5 - -
Somewhat walkable
20/100
Exceptionally drivable
90/100
Fairly bikeable
40/100
  • Listing ID: 40193689

  • Date on Market: 2026-04-17

  • Last Updated:

  • Address: 725 Glacier Dr, Altoona, WI 54720

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}