537 S Main St

Fall River, WI 53932

$349,900
Price
6
Beds
4,221 Sq. Ft.
$83 / Sq. Ft.
4,221
Sq. Ft.
$83
per Sq. Ft.
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New
New

Description

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...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.
  1. Listed by Bart Baker • First Weber, Inc • HomeInfo@firstweber.com
  2. Listed by Taylor Gordon • First Weber, Inc

Property Details for 537 South Main Street

Zoning
RES
LISTING UPDATED: 06/18/2026 09:40 AM

Property Details for 537 South Main Street

StatusActive
MLS #2026164
Days on Market1
Pet Policy-
Taxes$2,607 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti Family / Apartment building
Year Built999
CountyColumbia County
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Location

Listing Courtesy of First Weber, Inc
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Building Information for 537 South Main Street

Building/Complex537 S Main StFloor-Stories-Residences4Pet Policy-Pet Policy Details-Year Built999Building Size-

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$1,961 per month

30 year fixed, 6.36% Interest

Principal and Interest

$1,744

Property Taxes

$217

HOA Dues

$0

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Property Information for 537 South Main Street

Summary
Location and General Information
  • C/T/V: Village
  • County: Columbia
  • County Qtr Section: Columbia SE
  • Directions: From Columbus, take WI-16 W, turn right onto S Main St, property on right
  • Location: FALL RIVER - V
  • Mailing City: Fall River
  • Municipality: Fall River
  • State: WI
  • Zip: 53932
Parking
  • Park/Unit: Carport, 1 space, Blacktop/Asphalt, Extra space available, Off street
  • Parking Spaces Outside: 4
  • Parking Stalls Inside: 0
School Information
  • Elementary: Fall River
  • High School: Fall River
  • Middle School: Fall River
  • School District: Fall River
Taxes and HOA Information
  • Net Taxes: $2,607.00
  • Parcel ID: 11126 9
  • Tax Year: 2025
Property
Property and Assessments
  • Class: Multi Family
  • Improvements: 120400
  • Land Assess: $17,900.00
  • Legal Documents: Lease(s) on file, Condition report on file, Lead Paint Disclosure
  • Miscellaneous: Internet - Cable
  • Total Assess: $138,200.00
  • Total Assess Year: 2025
  • Type: Apartment building, 2 story
  • Year Built: 999
Lot Information
  • Estimated Total Acres: 0.23
  • Source of Est. Acres: Assessor
  • Source of Year Built: Assessor
Utilities
  • Utilities: Separate elec meters, Heat Included, Sewer Included, Water Included
  • Water/Waste: Municipal water, Municipal sewer
Interior and Exterior Features
Exterior Features
  • Exterior: Brick/Stone
Interior Features
  • Items Included: 4 Refrigerators, 4 Stooves, 2 washers, 2 Dryers, 1 Dishwasher
  • Items Excluded: Tenants personal property
  • Number of Dish Washers: 1
  • Number of Dryers: 2
  • Number of Furnaces: 1
  • Number of Stoves: 4
  • Number of Refrigerators: 4
  • Number of Washers: 2
  • Number of Water Heaters: 1
  • Number of Water Softeners: 0
  • Basement: Full, Walkout to yard, Block foundation, Outside entry only, Storage area, Unfinished, Walk out/Outer door
  • Heating Fuel: Natural Gas
  • Heating Type: Radiant
  • Number of Efficiencies: 1
Room Information
Bedrooms
  • Number of 1 Bedrooms: 0
  • Number of 2 Bedrooms: 3
  • Number of 3+ Bedrooms: 0
Multi Family
Unit Information
  • Number of Units w/AC: 4
  • Number of Units: 4
Income & Expenses Information
  • Total Income: $2,175
Unit 1
  • U1 Landlord Pays Heat: Yes
  • U1 Landlord Pays Electric: No
  • U1 Landlord Pays Water/Sewer: Yes
  • Unit 1: Family/Rec rm,Eat-in kitchen,Balcony/patio,Range/oven,Refrigerator,Dishwasher,Washer/dryer,Individual heat control,In-unit laundry,Wood or sim. wood floor,Shared basement
  • U1 Parking: Carport
  • U1 Number of Bedrooms: 2
  • U1 Full Baths: 1
  • U1 Half Baths: 0
  • U1 SqFt: 1474
  • Unit 1 Dining Area Level: M
  • Unit 1 Kitchen Level: M
  • Unit 1 Living/Great Room Level: M
  • Unit 1 Primary BedRoom Level: M
  • Unit 1 Other Room Level: M
  • Unit 1 Bedroom 2 Level: M
  • Unit 1 Bedroom 2 Dimensions: 12x10
  • Unit 1 Dining Area Dimensions: 11x9
  • Unit 1 Kitchen Dimensions: 10x9
  • Unit 1 Living/Great Room Dimensions: 14x12
  • Unit 1 Primary BedRoom Dimensions: 14x10
  • Unit 1 Other Room Dimensions: 8x8
  • Unit 1 Other Room: Den/Office
Unit 2
  • U2 Landlord Pays Heat: Yes
  • U2 Landlord Pays Electric: No
  • U2 Landlord Pays Water/Sewer: Yes
  • Unit 2: Family/Rec rm,Eat-in kitchen,Den/office,Balcony/patio,Range/oven,Refrigerator,Washer/dryer,Wood or sim. wood floor,Individual heat control,In-unit laundry,Shared basement
  • U2 Parking: Carport
  • Unit 2 Bedroom 2 Level: U
  • Unit 2 Dining Area Level: U
  • Unit 2 Kitchen Level: U
  • Unit 2 Living/Great Rm Level: U
  • Unit 2 Primary BedRm Level: U
  • Unit 2 Other Room Level: U
  • Unit 2 Bedroom 2 Dimensions: 12x10
  • Unit 2 Dining Area Dimensions: 8x8
  • Unit 2 Kitchen Dimensions: 15x12
  • Unit 2 Living/Great Rm Dimensions: 19x12
  • Unit 2 Primary BedRm Dimensions: 12x10
  • Unit 2 Other Room Dimensions: 14x12
  • Unit 2 Other Room: Den/Office
  • U2 Number of Bedrooms: 2
  • U2 Full Baths: 1
  • U2 Half Baths: 0
  • U2 SqFt: 1150
Unit 3
  • Unit 3: Family/Rec rm,Eat-in kitchen,Range/oven,Refrigerator,Individual heat control,Shared basement
  • U3 Parking: Carport
  • U3 Number of Bedrooms: 2
  • U3 Full Baths: 1
  • U3 Half Baths: 0
  • U3 SqFt: 897
  • U3 Landlord Pays Heat: Yes
  • U3 Landlord Pays Electric: No
  • U3 Landlord Pays Water/Sewer: Yes
Unit 4
  • Unit 4: Family/Rec rm,Eat-in kitchen,Range/oven,Refrigerator,Wood or sim. wood floor,Shared basement
  • U4 Half Baths: 0
  • U4 Parking: 1 Space
  • U4 Number of Bedrooms: 0
  • U4 Full Baths: 1
  • U4 Landlord Pays Heat: Yes
  • U4 Landlord Pays Electric: No
  • U4 Landlord Pays Water/Sewer: Yes
  • U4 SqFt: 700

Property History for 537 South Main Street

DateEvent & SourcePriceAppreciation
Jun 18, 2026

Listed (Active)

SCWMLS #2026164

$349,900—
Aug 3, 2004

Sold (Public Record)

Public Record #253472862

—
DateEvent & SourcePrice
06/18/2026

Listed (Active)

SCWMLS #2026164

$349,900
08/03/2004

Sold (Public Record)

Public Record #253472862

—

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

Public Records for 537 South Main Street

Taxable ValueLand$17,900Additions$120,400Total$138,300
Tax Record2025$2,607 ($217 / month)
Home Facts
Lot Size9,932 SqFtStyleMiscellaneous CommercialCountyCOLUMBIAAPN11126-9

Schools near 537 South Main Street

This home is within Fall River School District.
Rating
School
Type
Grades
Distance
Fall River Elementary School
Public - PK to 5
Fall River High School
Public - 6 to 12
Rating
School
Distance
Fall River Elementary School
PublicPK to 5

Fall River High School
Public6 to 12

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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More information about 537 South Main Street, Fall River, WI 53932

537 South Main Street is a multi-family home for sale in Fall River, WI 53932. This property was listed for sale on June 18, 2026 by First Weber, Inc, it's currently listed at $349,900. It has been on the market for a total of 1 days and was last sold on August 3, 2004. This listing's school district is Fall River School District. Nearby schools include Fall River Elementary School and Fall River High School. 537 South Main Street is a 6-bed, 4-bath, 4,221 sqft multi-family home built in 999.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim 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 seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of First Weber, Inc

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 06/18/2026 09:40 AM Listing presented by Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties. Compass · Tel: 212-913-9058 · New York, NY Information is supplied by seller and other third parties and has not been verified. Copyright 2026 – WiREx. – All Rights Reserved