116 West Main Street

Wales, WI 53183

$520,000
Price
Beds
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Rare opportunity to own this well maintained four family in Wales. This well-maintained 4-family building features two 1-bedroom units and two 2-bedroom units, one of which includes an office space and a spacious loft above the 2-car garage. Generating $3,400/month with plenty room to increase has long-term, month-to-month tenants, this property offers steady income. No water bill thanks to a well, stamped as good in 2024. Recent updates include a 5-year old roof, 7-year old furnace, loft recently...Rare opportunity to own this well maintained four family in Wales. This well-maintained 4-family building features two 1-bedroom units and two 2-bedroom units, one of which includes an office space and a spacious loft above the 2-car garage. Generating $3,400/month with plenty room to increase has long-term, month-to-month tenants, this property offers steady income. No water bill thanks to a well, stamped as good in 2024. Recent updates include a 5-year old roof, 7-year old furnace, loft recently finished and three water heaters replaced in 2022. Solid foundation, clean building, and a prime location make this a fantastic addition to any portfolio! All electrical boxes and windows are newer. Building is zoned as non-conforming commercial B2. Will be re-zoned as residential in July.
  1. Listed by Rodolfo GarciaGarcia • reThought Real Estate

Property Details for 116 West Main Street

Zoning
RES
Municipal Code
Wales
LISTING UPDATED: 03/05/2025 10:07 AM

Property Details for 116 West Main Street

StatusPending
MLS #1905614
Days on Market3
Taxes$4,598 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Apartment Building
Year Built1895
CountyWaukesha County

Building Information for 116 West Main Street

Building/Complex116 W Main StFloor-Stories-Residences4Pet Policy-Pet Policy Details-Year Built1895Building Size-

Property Information for 116 West Main Street

Summary
Location and General Information
  • FEMA 100 Yr Flood Plain: No
  • State: Wisconsin
  • County: Waukesha
  • Zip Code: 53183
  • Geo Lat: 43.0052
  • Geo Lon: -88.37683
  • Agent Remarks: See GPS
Taxes and HOA Information
  • Taxes: $4,597.96
  • Tax Year: 2024
School Information
  • School District: Kettle Moraine
  • High School: Kettle Moraine
  • Middle School: Kettle Moraine
  • Elementary School: Wales
Parking
  • Garage Parking: Indoor Space
  • Parking Inside: 2.0
  • Parking Outside: 4.0
Property
Lot Information
  • Year Built Numeric: 1895
  • Acres Source: Public Records
  • Source Est Yr Built: Public Records
  • Approx Acreage: 0.15
  • Type: Apartment Building
Property and Assessments
  • Property Type: D
Utilities
  • Water/Waste: Municipal Water, Septic System
Interior and Exterior Features
Exterior Features
  • Exterior: Aluminum, Partial-Aluminum, Vinyl
Interior Features
  • Basement Features: Full
  • Heating/Cooling: Forced Air, Hot Water/Steam, Natural Gas
Multi Family
Multi-Family Information
  • Total Units: 4
  • # of Stories: 1-2 Stories
Unit 1
  • Unit Info: # Of Units Type #1: 1.0
  • 1st Type Unit: 1 Bath, 2 Bedrooms, Dishwasher, Eat-In Kitchen, Living Room, Range/Oven, Refrigerator
  • Estimated SqFt #1: 751-1000
Unit 2
  • Unit Info: # Of Units Type #2: 2.0
  • 2nd Type Unit: 1 Bath, 1 Bedroom, Eat-In Kitchen, Living Room, Range/Oven, Refrigerator
  • Estimated SqFt #2: 750 or less
Unit 3
  • Unit Info: # Of Units Type #3: 1.0
  • 3rd Type Unit: 1 Bath, 2 Bedrooms, Dining Room, Dishwasher, Family Room, Living Room, Range/Oven, Refrigerator
  • Estimated SqFt #3: 750 or less
Unit 4
  • 4th Type Unit: 1 Bath, 1 Bedroom, Eat-In Kitchen, Living Room, Range/Oven, Refrigerator
  • Estimated SqFt #4: 750 or less

Property History for 116 West Main Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 116 West Main Street

Taxable ValueLand$75,000Additions$280,500Total$355,500
Tax Record2023$4,781 ($398 / month)
Home Facts
Beds0Lot Size6,534 SqFtStyleSingle Family ResidenceZoningACountyWAUKESHAAPNWLSV1455046

Schools near 116 West Main Street

This home is within Kettle Moraine School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Charter - K to 5
Rating
School
Distance
Wales Elementary School
PublicPK to 5

Kettle Moraine Middle School
Public6 to 8

Kettle Moraine High School
Public9 to 12

KM Explore
CharterK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of reThought Real Estate

Based on information from one of the following Multiple Listing Services: Metro Multiple Listing Service (Metro MLS), REALTORS Association of Northeast Wisconsin. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Metro Multiple Listing Service (Metro MLS), REALTORS Association of Northeast Wisconsin is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Data last updated on 03/05/2025 10:07 AM Listing presented by Compass RE WI-Tosa. Information is supplied by seller and other third parties and has not been verified. Copyright 2025 – WiREx. – All Rights Reserved