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537 S Main StreetFall River, WI 53932
Multi-Family · 0.23 Acres$349,900
Active
537 S Main Street Overview
- Time on Site:
- 11 days
- Visits:
- 22
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.
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537 S Main Street Facts & Features
- Type Multi-Family
- Lot 0.23 Acres
Details
General
School Information
- Elementary School: Fall River
- Middle Or Junior School: Fall River
- High School: Fall River
Building Information
- Water/Waste: Municipal sewer, Municipal water
- Year Built: 999
Location/Region
- County Or Parish: Columbia
- Location: FALL RIVER - V
- Postal City: Fall River
Rent/Lease Information
- Unit 2 Monthly Rent: $725.00
- Unit 3 Monthly Rent: $825.00
- Unit 4 Monthly Rent: $625.00
Tax Information
- Tax Annual Amount: $2,607.00
- Tax Assessed Value: $138,200.00
- Tax Year: 2025
General Information
- Exclusions: Tenants personal property
- Inclusions: 4 Refrigerators, 4 Stooves, 2 washers, 2 Dryers, 1 Dishwasher
- Miscellaneous: Internet - Cable
- Parcel Number: 11126 9
- Property Type: Multi Family
- Sub-Type: Apartment building, 2 story
- Zoning: RES
Unit Information
- Unit 1: Family/Rec rm, Eat-in kitchen, Balcony/patio, Range/oven, Refrigerator, Dishwasher, Washer/dryer, Individual heat control, In-unit laundry, Wood or sim. wood floor, Shared basement
- Unit 2: Family/Rec rm, Eat-in kitchen, Den/office, Balcony/patio, Range/oven, Refrigerator, Washer/dryer, Wood or sim. wood floor, Individual heat control, In-unit laundry, Shared basement
- Unit 3: Family/Rec rm, Eat-in kitchen, Range/oven, Refrigerator, Individual heat control, Shared basement
- Unit 4: Family/Rec rm, Eat-in kitchen, Range/oven, Refrigerator, Wood or sim. wood floor, Shared basement
Interior
Building Information
- # Furnaces: 1
- Heating Fuel: Natural Gas
Beds/Baths
- Number of 2 Bedrooms: 3
Building Interior
- # Stoves: 4
- # Water Heaters: 1
General Information
- Basement: Full, Walkout to yard, Block foundation, Outside entry only, Storage area, Unfinished, Walk out/Outer door
Unit Information
- Unit 1 Monthly Rent: $1.00
- Unit 2 Parking: Carport
- Unit 3 Parking: Carport
- Unit 4 Parking: 1 Space
- Unit 1 Parking: Carport
- Unit 1 # Bedrooms: 2
- Unit 2 # Bedrooms: 2
- Unit 3 # Bedrooms: 2
- Unit 4 # Bedrooms: 0
- Unit 1 Full Baths: 1
- Unit 1 Half Baths: 0
- Unit 2 Full Baths: 1
- Unit 2 Half Baths: 0
- Unit 3 Full Baths: 1
- Unit 3 Half Baths: 0
- Unit 4 Full Baths: 1
- Unit 4 Half Baths: 0
- Unit 1 Primary Bedroom Level: M
- Unit 1 Primary Bedroom Dimension: 14x10
- Unit 1 Bedroom 2 Level: M
- Unit 1 Bedroom 2 Dimension: 12x10
- Unit 1 Dining Area Level: M
- Unit 1 Dining Area Dimension: 11x9
- Unit 1 Kitchen Level: M
- Unit 1 Kitchen Dimension: 10x9
- Unit 1 Living/Great Room Level: M
- Unit 1 Living/Great Room Dimension: 14x12
- Unit 1 Other Room: Den/Office
- Unit 1 Other Room Level: M
- Unit 1 Other Room Dimension: 8x8
- Unit 2 Primary Bedroom Level: U
- Unit 2 Primary Bedroom Dimension: 12x10
- Unit 2 Bedroom 2 Level: U
- Unit 2 Bedroom 2 Dimension: 12x10
- Unit 2 Dining Area Level: U
- Unit 2 Dining Area Dimension: 8x8
- Unit 2 Kitchen Level: U
- Unit 2 Kitchen Dimension: 15x12
- Unit 2 Living/Great Room Level: U
- Unit 2 Living/Great Room Dimension: 19x12
- Unit 2 Other Room: Den/Office
- Unit 2 Other Room Level: U
- Unit 2 Other Room Dimension: 14x12
Exterior
Parking Information
- Parking Stalls Inside: 0
Lot Information
- Lot Size Acres: 0.23
Building Exterior/Construction
- Construction Materials: Brick/Stone
General Information
- Number Of Units Total: 4
- Utilities: Heat Included, Separate elec meters, Sewer Included, Water Included
537 S Main Street Neighborhood
Community
53932 (FALL RIVER) Demographics
36
Median Age
66
Population Density (per sq. mile)
37%
College Educated
$76,316
Estimated Median Income
710
Estimated Total Home Owners
246
Estimated Total Renters
74% / 26%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.537 S Main Street Monthly Cost
537 S Main Street Market Data
Based on the last 30 days in this zip code
$480,133
Average List Price
$210
Average Price per Square Foot
3
Properties Sold
76
Average Days on Market
6
Properties for Sale
537 S Main Street History
| Date | Value | Agent |
|---|---|---|
| 6/18/2026Source: South Central Wisconsin MLS | June 18, 2026 |
Bart Baker Listing Agent |