Active w/ Offer Residential Income  |  Multi Family  |  MLS #1601477
  • 609 Mount Nemo Avenue 1-6

    Eau Claire, WI 54703
    • 4,704 Square
      Feet
    • 0.21 Total
      Acres
  • $559,900

    $119/Sq.Ft.

Property Description

Turnkey 6-unit multifamily investment opportunity located in a desirable Eau Claire location, offering established cash flow and a proven rental history. This well-maintained property provides investors with a stabilized asset featuring several recent interior updates, including new flooring and fresh paint in multiple units, helping reduce near-term capital needs while enhancing overall tenant appeal and long-term durability. The property offers a strong and practical unit mix of four 2-bedroom units and two 1-bedroom units, supporting steady tenant demand and long-term occupancy stability. Each unit includes off-street parking and private basement storage, added conveniences that further strengthen tenant retention in this rental market. Offered at $559,000, equating to approximately $93,167 per unit, this asset presents an attractive value opportunity for multifamily investors. Property was pre-appraised at $660,000 in April 2025, further supporting the property’s strong value proposition and investment potential. Consistent occupancy and reliable income performance, this property presents a stable, low-maintenance investment opportunity in the Eau Claire rental market, well-suited for investors seeking dependable cash flow and portfolio expansion.

Interior Features

  • Above Grade Finished Area: 4,032 SqFt
  • Appliances Included: Electric Water Heater, Oven, Range, Refrigerator
  • Basement: Crawl Space, Other, See Remarks
  • Below Grade Unfinished Area: 672 SqFt
  • Building Area Total: 4,704 SqFt
  • Electric: Circuit Breakers
  • Foundation: Block
  • Heating: Baseboard
  • Living Area: 4,032 SqFt
  • Windows: Window Coverings

Exterior Features

  • Construction: Vinyl Siding
  • Lot Size: 0.21 Acres
  • Sewer: Public Sewer
  • Style: Multiplex
  • Water Source: Public

Property Details

  • 2025 Taxes: $5,690
  • County: Eau Claire
  • Electric Expense: $301
  • InsuranceExpense: $4,477
  • Maintenance Expense: $628
  • Number of Units: 6
  • Possession: Subject To Tenant Rights
  • Property Subtype: Multi Family
  • School District: Eau Claire Area
  • Status: Active w/ Offer
  • Township: City of Eau Claire
  • Trash Expense: $1,930
  • Unit Number: 1-6
  • Water & Sewer Expense: $1,739
  • Year Built: 1972
  • Zoning: Residential-Multifamily
  • Listing Office: General Property Management, LLC
  • Last Update: May 29th @ 7:04 PM

Units

Unit #1  |  $765
Bedrooms: 1  |  Bathrooms: 1
600 SqFt  |  Rented Until June 2027

In addition to rent: $75 Utility Flat Fee. Includes 1 off-street parking space and 1 basement storage space. Marketed/showing for rent, Oven/Range, Refrigerator

Unit #2  |  $800
Bedrooms: 2  |  Bathrooms: 1
700 SqFt  |  Rented Until August 2026

In addition to rent: $50 Utility Flat Fee + $35 Pet Rent (1 cat). Includes 1 off-street parking space and 1 basement storage space. Renewal sent for new lease term., Oven/Range, Refrigerator

Unit #3  |  $850
Bedrooms: 2  |  Bathrooms: 1
700 SqFt  |  Rented Until July 2026

In addition to rent: $90 Utility Flat Fee + $10 Risk Mitigation +$35 Pet Fee (1 bunny). Includes 1 off-street parking space and 1 basement storage space. Marketed/showing for new lease term., Oven/Range, Refrigerator

Unit #4  |  $850
Bedrooms: 2  |  Bathrooms: 1
700 SqFt  |  Rented Until May 2027

No additional fees to rent. Includes 1 off-street parking space and 1 basement storage space., Oven/Range, Refrigerator

Unit #5  |  $695
Bedrooms: 2  |  Bathrooms: 1
700 SqFt  |  Rented Until August 2027

No additional fees to rent. Includes 1 off-street parking space and 1 basement storage space., Oven/Range, Refrigerator

Unit #6  |  $750
Bedrooms: 1  |  Bathrooms: 1
600 SqFt  |  Rented Until May 2027

In addition to rent: $75 Utility Flat Fee + $35 Pet Rent (1 cat) + $10 Risk Mitigation. Includes 1 off-street parking space and 1 basement storage space. Marketed/showing for rent for new lease term., Oven/Range, Refrigerator

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