Turnkey 5-unit investment opportunity in Janesville with the heavy lifting already completed. Recently converted and approved by the City as a 5 unit property, the building has undergone a full operational reset. Ownership vacated the building, transitioned away from the previous management, completed turnovers and touch ups throughout every unit, and brought in a professional property management company to oversee operations moving forward. Major improvements include a newly installed sprinkler system, brand new landscaping, refreshed units, and significant attention to the overall condition and presentation of the property. Current rent roll is $4,400 per month, with a target of approximately $5,600 per month once the final unit is leased. 4/5 units leased. A strong opportunity for an investor looking to acquire a stabilized multifamily asset with additional income upside and without taking on an immediate renovation or management overhaul.
Active
$550,000
170 S Jackson St, Janesville, WI 53548
7beds
2,950sqft
Apartment
Built in 1850
-- sqft lot
$532,800 Zestimate®
$186/sqft
$-- HOA
What's special
- --
- on Zillow
- 776
- views
- 63
- saves
Zillow last checked:
Listing updated:
Listed by:
Ferraro Real Estate Team,
EXP Realty, LLC,
Michael Ferraro,
EXP Realty, LLC
Source: SCWMLS,MLS#: 2033692
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Natural Gas, Forced Air
Cooling
- Air Conditioning (Unit 3), Air Conditioning (Unit 4)
Appliances
- Included: Range/Oven (Unit 1), Refrigerator (Unit 1), Range/Oven (Unit 2), Refrigerator (Unit 2), Range/Oven (Unit 3), Refrigerator (Unit 3), Range/Oven (Unit 4), Refrigerator (Unit 4)
Features
- Fireplace (Unit 1), Family/Rec Room (Unit 2)
- Flooring: Wood or Simulated Wood (Unit 1), Wood or Simulated Wood (Unit 2), Wood or Simulated Wood (Unit 3), Wood or Simulated Wood (Unit 4)
- Basement: Full
- Number of fireplaces: 1
Interior area
- Total structure area: 2,950
- Total interior livable area: 2,950 sqft
Video & virtual tour
Property
Parking
- Total spaces: 9
- Parking features: 2 stall garage, Detached, Outside
- Has garage: Yes
- Details: Outside
Lot
- Size: 0.28 Acres
- Features: Near Public Transit
Details
- Parcel number: 241 0136400644
- Zoning: Commercial
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Apartment
Materials
- Brick
- Foundation: Other
Condition
- Year built: 1850
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Separate elec meters
Community & HOA
Location
- Region: Janesville
Financial & listing details
- Price per square foot: $186/sqft
- Tax assessed value: $277,100
- Annual tax amount: $5,019
- Date on market: 9/30/2026
- Inclusions: 5 Stoves, 5 Refrigerators, 1 Washer, 1 Dryer, 1 Dishwasher
- Exclusions: Tenant's Personal Property
- Total actual rent: 52200
Estimated market value
$532,800
$506,000 - $559,000
$1,634/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/30/2026 | Listed for sale | $550,000+89.7%$186/sqft |
Source: SCWMLS #2033692 Report a problem | ||
| 3/25/2024 | Sold | $290,000+5.5%$98/sqft |
Source: Public Record Report a problem | ||
| 3/6/2024 | Pending sale | $275,000$93/sqft |
Source:  WIREX MLS #1971847 Report a problem | ||
| 2/29/2024 | Listed for sale | $275,000+61.8%$93/sqft |
Source: WIREX MLS #1971847 Report a problem | ||
| 10/26/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 8/23/2023 | Listed for rent | $750 |
Source: Zillow Rentals Report a problem | ||
| 1/31/2022 | Sold | $170,000+22.3%$58/sqft |
Source: Public Record Report a problem | ||
| 9/10/2014 | Sold | $139,000+13899900%$47/sqft |
Source: Public Record Report a problem | ||
| 6/3/2011 | Listing removed | $1 |
Source: United Country Report a problem | ||
| 3/16/2011 | Price change | $1-100% |
Source: United Country Report a problem | ||
| 3/15/2011 | Listed for sale | $164,500-8.6%$56/sqft |
Source: United Country-Beloit Auction & Rea #1617671 Report a problem | ||
| 12/29/2005 | Sold | $180,000$61/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,950 +11.2% | $277,100 +5.9% |
| 2024 | $4,453 -0.4% | $261,700 |
| 2023 | $4,471 +11.1% | $261,700 +54% |
| 2022 | $4,023 -0.8% | $169,900 |
| 2021 | $4,056 +4.7% | $169,900 |
| 2020 | $3,873 +2.3% | $169,900 |
| 2019 | $3,784 +10.7% | $169,900 +30.7% |
| 2018 | $3,418 | $130,000 |
| 2017 | $3,418 +3.2% | $130,000 |
| 2016 | $3,310 +6.1% | $130,000 +0.3% |
| 2014 | $3,121 -1.9% | $129,600 |
| 2013 | $3,181 +1.3% | $129,600 |
| 2012 | $3,138 -2.2% | $129,600 -1.1% |
| 2011 | $3,209 | $131,000 -0.5% |
| 2010 | -- | $131,600 |
| 2009 | -- | $131,600 |
| 2008 | -- | $131,600 |
| 2007 | -- | $131,600 |
| 2006 | -- | $131,600 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 53548
Nearby schools
Schools provided by the listing agent
- Elementary: Wilson
- Middle: Franklin
- High: Parker
- District: Janesville
Source: SCWMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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