Investment Overview

Marcus & Millichap is proud to present West Side Apartments, a recently constructed 48-unit multifamily community located in Mauston, Wisconsin. Situated along the Lemonweir River in Juneau County, Mauston is a charming town with a population of 4,500. As the county seat and a regional retail hub, Mauston is strategically located just 15 minutes west of Wisconsin Dells, a major vacation destination. The area’s proximity to Lake Petenwell and Castle Rock Lake—Wisconsin’s second- and fourth-largest lakes—adds to its appeal, offering outdoor recreation and resort-style amenities that make Mauston a growing tourism center. Mauston combines the serenity of rural living with easy access to major metropolitan areas. Chicago and Minneapolis are just three hours away by car, while Milwaukee and Madison are even closer, making the area attractive to residents seeking both connectivity and tranquility. This newly developed community, currently in its lease-up phase, consists of three buildings with a total of 48 condo-style units. The property features 24 one-bedroom, one-bathroom units (855–918 square feet, $1,275/month) and 24 two-bedroom, two-bathroom units (1,096–1,159 square feet, $1,475/month). Each unit offers private entry, in-floor radiant heating, an in-unit washer and dryer, a built-in wall air conditioner, stainless steel appliances (refrigerator, oven range, and dishwasher), a full bath with shower and tub, and a private balcony or patio. Tenants are responsible for electricity, while the landlord covers in-floor radiant heating (boiler gas), hot water, water and sewer services, trash collection, and high-speed internet. An added investment benefit is the property’s Tax Increment Financing (TIF) Development Incentive offered by the City of Mauston. This program effectively reduces the property owner’s real estate tax burden to just 15% of the annual total. Each year, by September 1, the city reimburses the owner with a payment equal to 85% of the annual property taxes paid in full and on time. For additional details, please contact the listing broker. West Side Apartments offers an opportunity to invest in a high-quality, newly constructed multifamily asset with strong rental potential and long-term financial incentives.