209 E Park St Rhinelander, WI 54501
Estimated payment $1,783/month
5
Beds
4
Baths
2,486
Sq Ft
$123
Price per Sq Ft
About This Home
Turnkey multifamily investment delivering reliable income with refined upside potential. This well maintained four-unit property offers immediate cash flow and long term value for the discerning investor. Units 1 and 3 are positioned on the main level, while units 2 and 4 are located above, creating a functional and balanced layout. All units are currently leased, ensuring a stable revenue stream from day one. Most floor plans feature efficient open-concept living, seamlessly blending kitchen, dining, and living spaces for modern appeal. Utilities including: gas, electric, water, and garbage are presently owner paid, as units are not separately metered. Gross monthly rent roll: $2,140.00. A polished and dependable addition to any investment portfolio—schedule your private showing today.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,993
Lot Details
- 9,714 Sq Ft Lot
Home Design
- Quadruplex
- Block Foundation
- Stone Foundation
- Frame Construction
- Shingle Roof
- Composition Roof
Interior Spaces
- 2,486 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 5 Bedrooms
- 4 Full Bathrooms
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
- Well
- Gas Water Heater
Community Details
- 1St Add Subdivision
Listing and Financial Details
- Assessor Parcel Number 27601-0316-0000
Map
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
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 | $2,216 | $80,500 | $8,800 | $71,700 |
| 2024 | $1,970 | $80,500 | $8,800 | $71,700 |
| 2023 | $1,899 | $80,500 | $8,800 | $71,700 |
| 2022 | $1,562 | $80,500 | $8,800 | $71,700 |
| 2021 | $1,880 | $80,500 | $8,800 | $71,700 |
| 2020 | $1,618 | $80,500 | $8,800 | $71,700 |
| 2019 | $1,682 | $80,500 | $8,800 | $71,700 |
| 2018 | $1,665 | $80,500 | $8,800 | $71,700 |
| 2017 | $1,676 | $80,500 | $8,800 | $71,700 |
| 2016 | $1,761 | $80,500 | $8,800 | $71,700 |
| 2015 | $2,082 | $97,700 | $8,800 | $88,900 |
| 2014 | $2,082 | $97,700 | $8,800 | $88,900 |
| 2011 | $2,227 | $111,800 | $11,000 | $100,800 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/06/2026 05/06/26 | For Sale | $305,000 | +107.5% | $123 / Sq Ft | |
| 09/15/2022 09/15/22 | Sold | $147,000 | +5.0% | $59 / Sq Ft | View Prior Sale |
| 07/31/2022 07/31/22 | For Sale | $140,000 | +366.7% | $56 / Sq Ft | |
| 08/24/2012 08/24/12 | Sold | $30,000 | -20.0% | $14 / Sq Ft | View Prior Sale |
| 08/20/2012 08/20/12 | Pending | -- | -- | -- | |
| 07/26/2012 07/26/12 | For Sale | $37,500 | -- | $17 / Sq Ft |
Source: Greater Northwoods MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $147,000 | -- | |
| Warranty Deed | $32,500 | -- | |
| Personal Reps Deed | $30,000 | Northern Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $117,600 | New Conventional |
Source: Public Records
About the Listing Agent
My name is Luke Durkee, and I am proudly from Rhinelander, Wisconsin, where I graduated from Rhinelander High School in the Class of 2013. My journey has been anything but standard, shaped by choices, challenges, and opportunities that brought me to where I am today.
Before finishing high school, I joined the Wisconsin Army National Guard as a member of the 32nd Infantry Brigade. That decision marked the beginning of a transformative chapter in my life. In 2019, I had the honor of
Luke's Other Listings
Source: Greater Northwoods MLS
MLS Number: 216869
APN: RH 316
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.
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.
Nearby Homes
- 103 W Kemp St
- 17 W Prospect St
- 921 S Keenan St
- 922 Randall Ave
- 332 Marshall St
- 316 Dahl St
- 665 W Davenport St
- 321 Ridgeway Dr
- 421 Thayer St
- 20 W Harvey St
- 773 Balsam St
- ON Hwy 8 Unit 37 Acres
- ON Hwy 8
- 603 Evergreen Ct
- 715 N Stevens St
- 1640 Balsam St Unit 26
- ON Spring Lake Rd
- 431 Spring Lake Rd
- 655 Coolidge Ave
- 825 River St
Your Personal Tour Guide
Ask me questions while you tour the home.