$595,000
SOLD JUL 7, 2025

1407 2nd St New Glarus, WI 53574

-- Bed
-- Bath
4,355 Sq Ft
26,136 Sq Ft Lot

Recently Sold

$137 Per Sq Ft

5% Below List Price

98 Days on Market

Highlights

  • 0.6 Acre Lot
  • 1-Story Property
  • 2-minute walk to Veteran's Memorial Park
  • New Glarus Elementary School Rated A
  • Wood Siding

About This Home

As of July 2025

Great investment opportunity in the well sought after village of New Glarus. This property is a 5 unit mixed use building, 4 of the units being residential units and a commercial unit in the front. The building boasts new windows throughout, the 4 residential units have all been completely remodeled in 2018 and the commercial unit is a former restaurant that is gutted and awaiting a buildout. Bring your vision to life and let your money work for you.

Last Agent to Sell the Property

Carson Brewer

ALTUS Commercial Real Estate, Inc. License #111143-94 Listed on: 01/10/2025

Last Buyer's Agent

Lorri & Tanya Team

Restaino & Associates

Restaino & Associates

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,136

Year Built

  • Built in 1952

Home Design

  • Brick Exterior Construction
  • Wood Siding

Basement

  • Walk-Out Basement
  • Partial Basement

Parking

  • 10 Open Parking Spaces
  • Outside Parking

Schools

  • New Glarus Elementary And Middle School
  • New Glarus High School

Additional Features

  • 1-Story Property
  • 26,136 Sq Ft Lot

Community Details

  • 5 Units
  • Net Operating Income $40,194

Listing and Financial Details

  • Assessor Parcel Number 11111111111

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,136

Year Built

Built in 1952

Lot Details

0.6 Acres

Listing Details

  • Municipality: New Glarus
  • Status Detail: Sold
  • Mailing City: New Glarus
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: 1 story
  • Items Excluded: Seller and tenants personal property
  • Items Included: Drawn construction plans for the commercial unit
  • Year Built: 1952
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Partial, Walkout to yard
  • Number Dish Washers: 4
  • Number Dryers: 4
  • Number Units W Ac: 4
  • Number Washers: 4

Exterior Features

  • Exterior: Wood, Brick

Garage/Parking

  • Heating Fuel: Natural Gas
  • Parking Stalls Outside: 10

Utilities

  • Water Waste: Municipal water, Municipal sewer
  • Park Unit: Outside

Fee Information

  • Total Expenses: 24006

Schools

  • Elementary School: New Glarus
  • High School: New Glarus
  • Middle School: New Glarus
  • School District: New Glarus

Lot Info

  • Estimated Aces: 0.6
  • Zoning: Comm
  • Geo Subdivision: WI

Rental Info

  • Total Income: 64200

Tax Info

  • Net Taxes: 10136
  • Tax Year: 2024
  • Assessor Parcel Number: 11111111111

Multi Family

  • Number Of2 Bedrooms: 1
  • Number Of3 Bedrooms: 3
  • Number Of Units: 5

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/07/2025 07/07/25 Sold $595,000 -4.8% $137 / Sq Ft
04/18/2025 04/18/25 Pending -- -- --
01/10/2025 01/10/25 For Sale $625,000 -- $144 / Sq Ft
Source: South Central Wisconsin Multiple Listing Service

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $10,295 $528,000 $124,400 $403,600
2023 $10,136 $528,000 $124,400 $403,600
2022 $9,754 $329,000 $82,900 $246,100
2021 $9,111 $329,000 $82,900 $246,100
2020 $4,414 $163,100 $82,900 $80,200
2019 $4,241 $163,100 $82,900 $80,200
2018 $6,935 $272,500 $82,900 $189,600
2017 $6,599 $272,500 $82,900 $189,600
2016 $6,536 $269,800 $82,900 $186,900
2014 $6,536 $269,800 $82,900 $186,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1991649

South Central Wisconsin Multiple Listing Service

APN: 231616630000

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