High-yield triplex generating $23,400 in gross annual rents with approximately a 10% cap rate at the current list price. Tenants pay all utilities, keeping owner expenses low. Annual expenses include property taxes, insurance, and maintenance reserve, resulting in an estimated NOI of $18,000+. SEE ASSOCIATED DOCS FOR INVESTMENT ANALYSIS. Three 1-bedroom units with off-street parking. Appliances included. One unit has forced air heat; two have radiant heat. Simple, efficient, income-producing asset with strong day-one returns. Brand new roof, siding, gutters & downspouts.
Sold
$185,000
835 Lancaster St, Platteville, WI 53818
3beds
1,689sqft
Multi Family
Built in 1900
-- sqft lot
$187,600 Zestimate®
$110/sqft
$1,168 Estimated rent
Home value
$187,600
Estimated sales range
Not available
$1,168/mo
Zestimate® history
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$1,301/mo
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Zillow last checked:
Listing updated:
Listed by:
Paige LeConte,
RE/MAX Advantage Realty
Bought with:
Brooke McKillip, 112040-94
RE/MAX Advantage Realty
Source: SCWMLS,MLS#: 2017827
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Natural Gas, Forced Air, Individual Heat Control (Unit 1), Individual Heat Control (Unit 2), Individual Heat Control (Unit 3)
Appliances
- Included: Range/Oven (Unit 1), Refrigerator (Unit 1), Range/Oven (Unit 2), Refrigerator (Unit 2), Range/Oven (Unit 3), Refrigerator (Unit 3)
Features
- Internet -Fiber Available, Family/Rec Room (Unit 1), Pantry ((Unit 1), Private basement, Family/Rec Room (Unit 2), Eat In Kitchen (Unit 3), Family/Rec Room (Unit 3), Pantry ((Unit 3)
- Basement: Partial
Interior area
- Total structure area: 1,689
- Total interior livable area: 1,689 sqft
Property
Parking
- Total spaces: 4
- Parking features: 2 spaces, Outside
- Details: Outside
Features
- Levels: Two
Lot
- Size: 0.39 Acres
Details
- Parcel number: 271008080000
- Zoning: Res
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Vinyl Siding
- Foundation: Block
Condition
- Year built: 1900
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Separate elec meters, Separate gas meters, Separate water meters, Internet - Cable
Community & HOA
Location
- Region: Platteville
Financial & listing details
- Price per square foot: $110/sqft
- Tax assessed value: $138,700
- Annual tax amount: $2,046
- Date on market: 3/5/2026
- Listing terms: Arms Length
- Inclusions: Stove (3), Refrigerator (3), Microwave (2), Dehumidifier (2), Window A/C (3-4).
- Exclusions: Tenants Personal Property
- Total actual rent: 23400
Price history
| Date | Event | Price |
|---|---|---|
| 3/31/2026 | Sold | $185,000+2.8%$110/sqft |
Source: SCWMLS #2017827 Report a problem | ||
| 3/8/2026 | Pending sale | $179,900$107/sqft |
Source:  WIREX MLS #2017827 Report a problem | ||
| 3/5/2026 | Listed for sale | $179,900$107/sqft |
Source: WIREX MLS #2017827 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,047 -4.2% | $132,400 |
| 2024 | $2,136 -5.3% | $132,400 +14.1% |
| 2023 | $2,254 +6.7% | $116,000 |
| 2022 | $2,112 +10.3% | $116,000 +22.5% |
| 2021 | $1,914 -1.2% | $94,700 |
| 2020 | $1,938 -1.6% | $94,700 |
| 2019 | $1,969 +0.7% | $94,700 |
| 2018 | $1,956 +2.9% | $94,700 +10% |
| 2017 | $1,901 -0.4% | $86,100 |
| 2016 | $1,909 -0.7% | $86,100 |
| 2015 | $1,922 +0.6% | $86,100 |
| 2014 | $1,910 -0.1% | $86,100 |
| 2013 | $1,912 -8.7% | $86,100 |
| 2012 | $2,095 -0.6% | $86,100 |
| 2010 | $2,108 | $86,100 |
| 2009 | -- | $86,100 +27.7% |
| 2008 | -- | $67,400 |
Find assessor info on the county website
Neighborhood: 53818
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Nearby schools
GreatSchools rating
- 6/10Platteville Middle SchoolGrades: 5-8Distance: 0.5 mi
- 7/10Platteville High SchoolGrades: 9-12Distance: 1 mi
- 10/10Westview Elementary SchoolGrades: 1-4Distance: 0.5 mi
Schools provided by the listing agent
- Middle: Platteville
- High: Platteville
- District: Platteville
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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- Wisconsin
- Grant County
- Platteville
- 53818
- 835 Lancaster St
