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.
Offer-show
$349,900
537 S Main St, Fall River, WI 53932
6beds
4,221sqft
Apartment
Built in ----
-- sqft lot
$-- Zestimate®
$83/sqft
$-- HOA
What's special
- --
- on Zillow
- 96
- views
- 4
- saves
Zillow last checked:
Listing updated:
Listed by:
Bart Baker,
First Weber, Inc,
Taylor Gordon,
First Weber, Inc
Source: SCWMLS,MLS#: 2026164
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: commercial
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Apartment
Materials
- Foundation: Block
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Heat Included, Separate elec meters, 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
$1,428/mo
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
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 53932
Nearby schools
Schools provided by the listing agent
- Elementary: Fall River
- Middle: Fall River
- High: Fall River
- District: Fall River
Source: SCWMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.




