For sale

$349,900

537 S Main St, Fall River, WI 53932

6beds

4,221sqft

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Apartment

Built in ----

-- sqft lot

$-- Zestimate^®

$83/sqft

$-- HOA

What's special

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.

3 days

125

8

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 6
Bathrooms: 4
Full bathrooms: 4

Heating

Natural Gas, Radiant, Individual Heat Control (Unit 1), Individual Heat Control (Unit 2), Individual Heat Control (Unit 3)

Appliances

Included: Range/Oven (Unit 1), Refrigerator (Unit 1), Dishwasher (Unit 1), Washer/Dryer (Unit 1), Range/Oven (Unit 2), Refrigerator (Unit 2), Washer/Dryer (Unit 2), Range/Oven (Unit 3), Refrigerator (Unit 3), Range/Oven (Unit 4), Refrigerator (Unit 4)
Laundry: In Unit (Unit 1), In Unit (Unit 2)

Features

Family/Rec Room (Unit 1), Eat In Kitchen (Unit 1), Shared basement, Family/Rec Room (Unit 2), Eat In Kitchen (Unit 2), Den/Office (Unit 2), Family/Rec Room (Unit 3), Eat In Kitchen (Unit 3), Family/Rec Room (Unit 4), Eat In Kitchen (Unit 4)
Flooring: Wood or Simulated Wood (Unit 1), Wood or Simulated Wood (Unit 2), Wood or Simulated Wood (Unit 4)
Basement: Full,Walk-Out Access,Exterior Entry,Storage Space,Unfinished

Interior area

Total structure area: 4,221
Total interior livable area: 4,221 sqft

Property

Parking

Total spaces: 4
Parking features: Carport, 1 space, Asphalt, Extra space available, Off Street
Carport spaces: 3
Details: Outside

Features

Levels: Two
Patio & porch: Balcony/Patio (Unit 1), Balcony/Patio (Unit 2)

Lot

Size: 10,018 Square Feet

Details

Parcel number: 11126 9
Zoning: RES

Construction

Type & style

Home type: MultiFamily
Property subtype: Apartment

Materials

Foundation: Block

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Separate elec meters, Heat Included, Sewer Included, Water Included, Internet - Cable

Community & HOA

Location

Region: Fall River

Financial & listing details

Price per square foot: $83/sqft
Tax assessed value: $138,200
Annual tax amount: $2,607
Date on market: 6/18/2026
Inclusions: 4 Refrigerators, 4 Stooves, 2 washers, 2 Dryers, 1 Dishwasher
Exclusions: Tenants personal property
Total actual rent: 26112

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
6/18/2026	Listed for sale	$349,900$83/sqft
Source: SCWMLS #2026164 Report a problem

Public tax history

Tax history is unavailable.

Monthly payment

Est. payment

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All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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