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Midvale Apartments Portfolio
Asset ClassMultifamily
# Units304
% Leased: 98%# Buildings: 30AVG SF: 980Access Data Room
Scale, Stability & Upside | 304-Unit Multifamily Investment Opportunity in SE Wisconsin
overview of deal

Overview

The Midvale Apartments Portfolio presents the rare opportunity to acquire a 304-unit multifamily portfolio spanning 30 buildings across Janesville, Edgerton, Milton, and McFarland, Wisconsin. Anchored by a 126-unit apartment community and complemented by a collection of well-maintained suburban assets, the portfolio offers immediate scale, diversified cash flow, and exceptional operating fundamentals. Current occupancy of 98.4% and in-place rents averaging approximately $1,102 per unit provide a stable income stream while remaining meaningfully below estimated market rents of $1,312 per unit, creating a clear path for continued NOI growth through lease turnover, rent normalization, and operational enhancements. Supported by limited new supply and durable workforce housing demand, The Midvale Apartments Portfolio offers investors a compelling core-plus investment opportunity with both stability and long-term upside.

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Investment Highlights

  • 304-unit, 30-building multifamily portfolio across four Southern Wisconsin communities
  • 98.4% occupied with stable in-place cash flow and diversified revenue stream
  • Average in-place rents approximately 16% below estimated market rents, providing meaningful mark-to-market upside
  • 126-unit Midvale Complex serves as the institutional-quality anchor asset with complementary suburban properties
  • Located in supply-constrained markets supported by strong workforce housing demand and limited new multifamily development
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