$305,000
SOLD AUG 14, 2025

1205 W Phillip St Rhinelander, WI 54501

8 Beds
4 Baths
3,500 Sq Ft
0.36 Acres

Recently Sold

$87 Per Sq Ft

10% Below List Price

67 Days on Market

About This Home

As of August 2025

Discover a prime multi-family property located just minutes from downtown Rhinelander. This four-unit building offers a strong investment opportunity with consistent rental history and room for value-add improvements. Each unit features 2 bedrooms and 1 bathroom, providing spacious layouts for tenants. Whether you're expanding your rental portfolio or diving into your first income property, this one checks all the boxes.The property includes off-street parking, separate utilities, and easy access to local amenities, schools, and shopping. With high demand for rentals in the area, this fourplex is a smart move for investors seeking long-term cash flow potential or perfect for owner-occupants—live in one unit and let the rental income from the other three help cover your mortgage. The property includes a detached 4-car garage, providing added convenience for tenants.

Last Agent to Sell the Property

Rae Zelazoski

FIRST WEBER - RHINELANDER License #85381 - 94 Listed on: 06/05/2025

FIRST WEBER - RHINELANDER

Last Buyer's Agent

NON NON MEMBER

NON-MEMBER

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,618

Lot Details

  • 0.36 Acre Lot

Home Design

  • Quadruplex
  • Frame Construction
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 3,500 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Full Bathrooms

Utilities

  • Heating Available
  • Well

Listing and Financial Details

  • Assessor Parcel Number RH-3539-1

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,618

Lot Details

0

Listing Details

  • Property Sub Type: Quadruplex
  • Prop. Type: Residential
  • Road Frontage Type: City Street
  • Ownership: Fee Simple,Sole Prop
  • Directions: From Maple St turn onto Phillip St Proprty on left
  • Above Grade Finished Sq Ft: 3500.0
  • Architectural Style: Two Story
  • Unit Levels: Two
  • Building Stories: 2
  • Property Sub Type Additional: Quadruplex
  • Special Features: None
  • Stories: 2

Interior Features

  • Full Bathrooms: 4
  • Total Bedrooms: 8
  • Fireplace Features: None
  • Fireplace: No

Exterior Features

  • Waterfront: No
  • Construction Type: Frame
  • Roof: Composition, Shingle

Garage/Parking

  • Parking Features: Four Car Garage, Four or more Spaces

Utilities

  • Heating: Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Lot Info

  • Lot Size Sq Ft: 15682.0
  • Parcel #: RH-3539-1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 5, 2025
Closed on
Aug 14, 2025
Sold by
Crescent Street West Llc and Phillip Street West Llc
Bought by
Tomahawk Apartment Rentals Llc
Seller's Agent
Rae Zelazoski
FIRST WEBER - RHINELANDER
Buyer's Agent
NON NON MEMBER
NON-MEMBER
List Price
$340,000
Sold Price
$305,000
Premium/Discount to List
-$35,000
-10.29%
Views
6

Purchase Details

Closed on
Nov 20, 2009
Sold by
Hoerchler Michael
Bought by
Phillip Street West Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
5.05%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $562,500 Northwoods Title
Warranty Deed $165,000 Northern Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $140,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/14/2025 08/14/25 Sold $305,000 -10.3% $87 / Sq Ft
08/11/2025 08/11/25 Pending -- -- --
07/31/2025 07/31/25 For Sale $340,000 0.0% $97 / Sq Ft
07/17/2025 07/17/25 Off Market $340,000 -- --
06/13/2025 06/13/25 Price Changed $340,000 +900.0% $97 / Sq Ft
06/05/2025 06/05/25 For Sale $34,000 -- $10 / Sq Ft
Source: Greater Northwoods MLS

Tax History Compared to Growth

Source: Public Records

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
2024 $4,618 $188,700 $25,200 $163,500
2023 $4,451 $188,700 $25,200 $163,500
2022 $3,744 $188,700 $25,200 $163,500
2021 $4,407 $188,700 $25,200 $163,500
2020 $3,887 $188,700 $25,200 $163,500
2019 $4,040 $188,700 $25,200 $163,500
2018 $4,006 $188,700 $25,200 $163,500
2017 $4,030 $188,700 $25,200 $163,500
2016 $4,233 $188,700 $25,200 $163,500
2015 $4,088 $188,700 $25,200 $163,500
2014 $4,088 $188,700 $25,200 $163,500
2011 $3,947 $195,800 $31,400 $164,400
Source: Public Records

Agents Affiliated with this Home

  • Rae Zelazoski

    Seller's Agent in 2025

    Rae Zelazoski

    FIRST WEBER - RHINELANDER

    (715) 490-1163

    91 Total Sales

    Rae Zelazoski
    Section Image

  • N

    Buyer's Agent in 2025

    NON NON MEMBER

    NON-MEMBER

See All Agents

Map

Source: Greater Northwoods MLS

MLS Number: 212609

Greater Northwoods MLS

APN: 27601-3539-0001

Wisconsin Oneida County Rhinelander 54501

1205 W Phillip St, Rhinelander, WI

This home is located at 1205 W Phillip St, Rhinelander, WI 54501 and is currently priced at $305,000, approximately $87 per square foot. 1205 W Phillip St is a home located in Oneida County with nearby schools including Pelican Elementary School, James Williams Middle School, and Rhinelander High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Greater Northwoods MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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