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30108556
30108557

1636 N 3rd Ave, Wausau, WI 54401

PS
IL: 475.179485
Marcus & Millichap - Chicago Downtown
Listed by Marcus & Millichap - Chicago Downtown
$6,550,000
105 days on market
Updated 36 days ago

Timberwolf Suites

Details
Property Type Multifamily
Sub Type Student Housing, Apartment Building
Square Footage 75,000
Net Rentable (SqFt) 37,096
Units 66
Beds 200
Cap Rate 7.16%
NOI $468,876
Occupancy 88%
Pro-Forma Cap Rate 10.37%
Pro-Forma NOI $679,342
Price per SqFt $87
Class A
Year Built 2018
Buildings 1
Stories 4
Acreage 3.780
Investment Type Value Add
Ownership Fee Simple

Multifamily | 66 Units | $101,485/unit I 200 Beds

Marketing description

Marcus & Millichap is proud to present The Timberwolf Suites, a premier student housing complex located in the lively city of Wausau, Wisconsin, serving as the only student housing available on campus. Situated directly behind Northcentral Technical College off of N 3rd Ave and W Campus drive. This 2018 built property consists of 66 units with a total of 200 beds with a healthy mix of (30) 2-bed units, (4) 3-bed units, and (32) 4-bed units.

Northcentral Technical college or NTC now has a total enrollment of 5,939 and offers more than 190 different programs for students. With a student-to-faculty ratio of 11:1 and an impressive transfer-out rate of only 8% this thriving college offers students the ability to receive a higher education across its comprehensive range of programs. The top programs include Registered Nursing/Registered Nurse, Dental Hygiene/Hygienist, and Psychiatric/Mental Health Services Technician. NTC is also an extremely affordable college with in-state tuition of $3,723 for the 2023 school year and 28% of the student’s receiving grants or scholarship aid with the average scholarship or grant award being $4,014. These technical schools are continuing to grow across the country with students getting the college experience at a fraction of the cost with over 400 transfer agreements with over 50 university of Wisconsin and private college partners.

Investment highlights

  • Only Student Housing Property Located Directly on the Northcentral Techical College Campus

  • A 2018 built Asset Featuring 66 Units and 200 Beds with a Diverse Unit Mix

  • Fully Furnished Apartments with High-Speed INternet, Study Rooms, and Fitness Center

  • Individual Bathrooms and Inclusive Utility Structure Offering Added Convenience for Residents and Each Unit has a Full Kitchen or Kitchenette

Listing Contacts

PS
IL: 475.179485
Marcus & Millichap - Chicago Downtown
Listed by Marcus & Millichap - Chicago Downtown

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$468,876.00
$39,073.00/mo

Valuation Metrics

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DSCR
7.16%
Cap Rate
7.16%
ROI

Map

Zoning

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MRM-20 ResidentialMulti FamilyMultifamily Residential Twenty
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Last updated Jan 13, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
Todd Lindblom
License
WI 56163
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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