Rare opportunity to own this well maintained four family in Wales. This well-maintained 4-family building features two 1-bedroom units and two 2-bedroom units, one of which includes an office space and a spacious loft above the 2-car garage. Generating $3,400/month with plenty room to increase has long-term, month-to-month tenants, this property offers steady income. No water bill thanks to a well, stamped as good in 2024. Recent updates include a 5-year old roof, 7-year old furnace, loft recently finished and three water heaters replaced in 2022. Solid foundation, clean building, and a prime location make this a fantastic addition to any portfolio! All electrical boxes and windows are newer.Building is zoned as non-conforming commercial B2. Will be re-zoned as residential in July.
Closed
$510,000
116 West Main STREET, Wales, WI 53183
--beds
--baths
--sqft
Multi Family, Apartment
Built in 1895
-- sqft lot
$536,900 Zestimate®
$--/sqft
$1,792 Estimated rent
Home value
$536,900
$494,000 - $580,000
$1,792/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Rodolfo Garcia-Garcia,
reThought Real Estate
Bought with:
Kim Foelker
Source: WIREX MLS,MLS#: 1905614
Originating MLS: Metro MLS
Originating MLS: Metro MLSFacts & features
Interior
Heating
- Natural Gas, Forced Air, Hot Water/Steam
Appliances
- Included: Water Softener
Features
- Basement: Full
- Has fireplace: No
Property
Parking
- Parking features: Indoor Space, Inside Parking, Outside
- Has garage: Yes
Lot
- Size: 6,534 Square Feet
Details
- Parcel number: WLSV1455046
- Zoning: RES
- Special conditions: Arms Length
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Apartment
Materials
- Aluminum/Steel, Aluminum Siding, Vinyl Siding
Condition
- 21+ Years
- New construction: No
- Year built: 1895
Utilities & green energy
- Sewer: Septic Tank
- Water: Public
Community & HOA
Location
- Region: Wales
- Municipality: Wales
Financial & listing details
- Tax assessed value: $395,800
- Annual tax amount: $4,597
- Date on market: 1/31/2025
- Listing terms: Exchange
- Inclusions: 4 Refrigerators, 4 Oven/Ranges
- Exclusions: Sellers And Tenants Personal Property
Price history
| Date | Event | Price |
|---|---|---|
| 2/28/2026 | Listing removed | $1,200 |
Source: Zillow Rentals Report a problem | ||
| 2/25/2026 | Listed for rent | $1,200 |
Source: Zillow Rentals Report a problem | ||
| 4/15/2025 | Sold | $510,000-1.9% |
Source:  WIREX MLS #1905614 Report a problem | ||
| 2/4/2025 | Pending sale | $520,000 |
Source: WIREX MLS #1905614 Report a problem | ||
| 2/4/2025 | Contingent | $520,000 |
Source: WIREX MLS #1905614 Report a problem | ||
| 1/31/2025 | Listed for sale | $520,000+22.4% |
Source: WIREX MLS #1905614 Report a problem | ||
| 7/1/2024 | Sold | $425,000+174.2% |
Source: Public Record Report a problem | ||
| 10/13/2000 | Sold | $155,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $4,598 -3.8% | $379,500 +6.8% |
| 2023 | $4,781 +19.5% | $355,500 +4.1% |
| 2022 | $4,000 -7.9% | $341,500 |
| 2021 | $4,344 +34.5% | $341,500 +64.2% |
| 2020 | $3,229 +2.5% | $208,000 |
| 2019 | $3,149 -14.8% | $208,000 |
| 2018 | $3,696 +4.3% | $208,000 |
| 2017 | $3,544 -4.9% | $208,000 |
| 2015 | $3,724 +10.5% | $208,000 |
| 2014 | $3,369 | $208,000 |
| 2013 | $3,369 | $208,000 |
| 2012 | -- | $208,000 |
Find assessor info on the county website
Neighborhood: 53183
Nearby homes
- $--1 bd1 ba700 sqft114 W Main St, Wales, WI 53183Off Market
- $3,100-- bd-- ba-- sqft109 N Elias St, Wales, WI 53183Off Market
- $--6 bd3 ba3k sqft104 W Main St, Wales, WI 53183Off Market
- $---- bd-- ba-- sqft106 W Main St, Wales, WI 53183Off Market
- $385,900-- bd-- ba-- sqft103 N Elias St, Wales, WI 53183Off Market
- $590,000-- bd-- ba-- sqft115 N Elias St, Wales, WI 53183Sold
- $--2 bd2 ba1.7k sqft115 N Elias St #1, Wales, WI 53183Off Market
- $394,300-- bd-- ba-- sqft130 W Main St, Wales, WI 53183Off Market
Nearby schools
GreatSchools rating
- 10/10Wales Elementary SchoolGrades: PK-5Distance: 0.2 mi
- 10/10Kettle Moraine Middle SchoolGrades: 6-8Distance: 4.6 mi
- 8/10Kettle Moraine High SchoolGrades: 9-12Distance: 0.3 mi
Schools provided by the listing agent
- Elementary: Wales
- Middle: Kettle Moraine
- High: Kettle Moraine
- District: Kettle Moraine
Source: WIREX MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$536,900
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$536,900
- Wisconsin
- Waukesha County
- Wales
- 53183
- 116 West Main STREET
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