**Excellent Investment Opportunity** Don't miss this chance to own a two-unit property in beautiful downtown Janesville! Both units are currently occupied, providing immediate cash flow! The upper unit is a long-term tenant who wishes to stay long-term. This charming property boasts large rooms and lots of character. AC and laundry in the upper unit. Off street parking for tenants' convenience. Situated in the heart of downtown Janesville close to shopping, restaurants, entertainment, and the bus line making this multi-unit property desirable for tenants. This is the perfect addition to any investment portfolio! All showings require 24 hour notice. Closing to take place after 6/28/2025.
Sold for $190,000
$190,000
551 S Main St, Janesville, WI 53545
4beds
1,698sqft
Apartment
Built in 1890
-- sqft lot
$211,900 Zestimate®
$112/sqft
$1,576 Estimated rent
Home value
$211,900
$180,000 - $244,000
$1,576/mo
Zestimate® history
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$1,298/mo
Est. payment
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$1,298/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Melissa Aarstad,
Zuelke Real Estate Team,
Jeff Zuelke,
Zuelke Real Estate Team
Bought with:
Brian Lawton, 79723-94
EXIT Realty HGM
Source: SCWMLS,MLS#: 1999021
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Natural Gas, Forced Air, Individual Heat Control (Unit 1), Individual Heat Control (Unit 2)
Cooling
- Air Conditioning (Unit 1)
Appliances
- Included: Range/Oven (Unit 1), Refrigerator (Unit 1), Washer/Dryer (Unit 1), Range/Oven (Unit 2), Refrigerator (Unit 2)
- Laundry: In Unit (Unit 1)
Features
- Eat In Kitchen (Unit 1), Family/Rec Room (Unit 1), Family/Rec Room (Unit 2), Pantry ((Unit 2), Private basement
- Basement: Partial
Interior area
- Total structure area: 1,698
- Total interior livable area: 1,698 sqft
Property
Parking
- Total spaces: 2
- Parking features: 2 spaces
- Details: Outside
Features
- Levels: Two
Lot
- Size: 8,712 sqft
- Features: Near Public Transit
Details
- Parcel number: 0136300254
- Zoning: R2
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Apartment
Materials
- Wood Siding
- Foundation: Other
Condition
- Year built: 1890
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Separate gas meters
Community & neighborhood
Location
- Region: Janesville
HOA & financial
Other financial information
- Total actual rent: 24000
Other
Other facts
- Listing terms: Arms Length
Price history
| Date | Event | Price |
|---|---|---|
| 7/1/2025 | Sold | $190,000-7.3%$112/sqft |
Source: Public Record Report a problem | ||
| 5/15/2025 | Contingent | $205,000$121/sqft |
Source:  WIREX MLS #1999021 Report a problem | ||
| 5/5/2025 | Listed for sale | $205,000+28.1%$121/sqft |
Source: WIREX MLS #1999021 Report a problem | ||
| 7/1/2024 | Sold | $160,000-5.3%$94/sqft |
Source: Public Record Report a problem | ||
| 5/19/2024 | Pending sale | $169,000$100/sqft |
Source: WIREX MLS #1977303 Report a problem | ||
| 5/16/2024 | Listed for sale | $169,000+77.9%$100/sqft |
Source: WIREX MLS #1977303 Report a problem | ||
| 3/24/2020 | Listing removed | $725 |
Source: Walker Property Management, LLC Report a problem | ||
| 3/16/2020 | Listed for rent | $725+7.4% |
Source: Walker Property Management, LLC Report a problem | ||
| 9/3/2019 | Sold | $95,000$56/sqft |
Source: Public Record Report a problem | ||
| 2/22/2019 | Listing removed | $675 |
Source: Walker Property Management, LLC Report a problem | ||
| 2/18/2019 | Listed for rent | $675 |
Source: Walker Property Management, LLC Report a problem | ||
| 1/30/2018 | Listing removed | $675 |
Source: Walker Property Management, LLC Report a problem | ||
| 12/2/2017 | Listed for rent | $675-2.9% |
Source: Walker Property Management, LLC Report a problem | ||
| 10/2/2017 | Listing removed | $695 |
Source: Walker Property Management, LLC Report a problem | ||
| 8/17/2017 | Listed for rent | $695 |
Source: Walker Property Management, LLC Report a problem | ||
| 1/22/2016 | Listing removed | $695 |
Source: Walker Property Management, LLC Report a problem | ||
| 1/18/2016 | Price change | $695+6.9% |
Source: Walker Property Management, LLC Report a problem | ||
| 1/9/2016 | Listed for rent | $650 |
Source: Walker Property Management, LLC Report a problem | ||
| 10/2/2015 | Listing removed | $650 |
Source: Walker Property Management, LLC Report a problem | ||
| 10/2/2015 | Price change | $650-6.5% |
Source: Walker Property Management, LLC Report a problem | ||
| 8/5/2015 | Listed for rent | $695+3% |
Source: Walker Property Management, LLC Report a problem | ||
| 4/9/2015 | Listing removed | $675 |
Source: Walker Property Management, LLC Report a problem | ||
| 11/30/2014 | Listed for rent | $675 |
Source: Walker Property Management, LLC Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,608 -0.5% | $154,900 |
| 2023 | $2,621 +3.3% | $154,900 +43.3% |
| 2022 | $2,537 -0.8% | $108,100 |
| 2021 | $2,557 +4.7% | $108,100 |
| 2020 | $2,442 +2.4% | $108,100 |
| 2019 | $2,386 +11.5% | $108,100 +31.5% |
| 2018 | $2,139 | $82,200 |
| 2017 | $2,139 +3.3% | $82,200 |
| 2016 | $2,071 +5.8% | $82,200 |
| 2014 | $1,957 -7.8% | $82,200 |
| 2013 | $2,123 +8% | $82,200 |
| 2012 | $1,967 -1.1% | $82,200 |
| 2011 | $1,989 | $82,200 +13.7% |
| 2010 | -- | $72,300 |
| 2009 | -- | $72,300 |
| 2008 | -- | $72,300 |
| 2007 | -- | $72,300 |
| 2006 | -- | $72,300 |
Find assessor info on the county website
Neighborhood: 53545
Nearby schools
GreatSchools rating
- 9/10Roosevelt Elementary SchoolGrades: PK-5Distance: 0.5 mi
- 4/10Edison Middle SchoolGrades: 6-8Distance: 1.8 mi
- 5/10Craig High SchoolGrades: 9-12Distance: 0.8 mi
Schools provided by the listing agent
- High: Craig
- 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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Estimated market value
$211,900
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
$211,900
- Wisconsin
- Rock County
- Janesville
- 53545
- 551 S Main St
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